The Currency analytics
By Julie Binoche
Bitcoin crashed hard Sunday night. The cryptocurrency fell over 5% in just two hours, breaking below the $65,000 level as major holders rushed to exchanges and panicked retail…
Trading volume exploded during the selloff, showing this wasn't some gradual decline but active dumping by big players.
CryptoQuant's data shows whale activity spiked to levels not seen in nearly a decade. The exchange whale ratio hit 0.
Bitcoin had been pretty much stuck in a tight range before this happened, failing to crack the $71,800 resistance level that's been holding since January.
But the big money was definitely moving out. Strategy, the company that's been bitcoin's biggest corporate cheerleader, actually bought more during the crash.
Major exchanges haven't said much yet. No official statements about the whale activity or what it means for the market going forward.
James Carter from BlockAnalytica thinks February's been a mess for bitcoin stability. He said major holders are basically controlling the market right now, and their actions are…
Grayscale Investments bought more bitcoin for their trust on February 22, showing they're still bullish long-term despite the chaos.
Coinbase got slammed with traffic during the crash, with transaction volumes hitting levels not seen since late 2025.
Kraken saw short positions increase by 15% as traders bet on more downside. That kind of bearish sentiment usually means the selling isn't over yet.
CME Group said open interest in bitcoin futures dropped 12% over the past week. Traders are pulling back from derivatives, which makes sense when nobody knows where the price is…
The market's basically waiting to see what whales do next.
The Federal Reserve's latest meeting minutes, released just hours before the crash, showed officials remain concerned about inflation persistence despite recent cooling.
Meanwhile, the timing coincided with quarter-end rebalancing by major funds. Portfolio managers often reduce exposure to volatile assets like bitcoin before reporting periods to…