Bitcoin price struggles persist as the premier cryptocurrency is yet to break 
above the key $70,000 resistance zone, suggesting the market remains at risk 
of a deeper correction. Notably, popular market analyst Yonsei_dent has shared 
an observation that backs these bearish investors&#8217; expectations. Related 
Reading: Bitcoin ETF Investors Show Diamond Hands: Only $6.5B In Outflows 
Since October 10 Bitcoin Supply In Profit Metric Shows Potential 75% Drawdown 
In a Quicktake post on CryptoQuant, Yonsei_dent has identified a potential 
price bottom of the present market cycle, considering the meltdown in recent 
months. Since October, the leading cryptocurrency has lost over 45% of its 
market value, with prices dropping as low as $60,000 from an all-time high of 
$126,000. Using the Supply In Profit on-chain indicator, Yonsei_dent maps out 
the possible extent of Bitcoin’s price decline when in the bottom zone, based 
on historical cycle drawdown periods. For context, the Supply in Profit 
measures the portion of the total circulating Bitcoin whose current market 
price is higher than the price at which those coins last moved. It&#8217;s an 
important cycle indicator, as the Supply in Profit approaches extreme highs 
when near cycle tops, and compresses sharply when near cycle lows. Yonsei_dent 
explains that the duration of Bitcoin Supply in Profit in the bottom zone in 
2022 was six months. During this market cycle, Bitcoin had initially hit an 
all-time high of $69,000 before crashing by 77% to around $15,500. According 
to the market analyst, if the same length of the bottom phase was placed on 
the current price chart, it represents a 70%-75% drawdown price projection for 
the present market cycle. In this case, Bitcoin is expected to find a price 
low within a range of $31,500 &#8211; $38,000, suggesting a further potential 
41%-51% decline from the current market prices. Related Reading: Ethereum’s 
Market Order Imbalance Hits Record Negatives: $1,850 Is Now The Line In The 
Sand Bitcoin Price Overview At the time of writing, Bitcoin trades at $63,553 
following a 5.84% loss in the last 24 hours. Meanwhile, its daily trading 
volume is up by a minor 0.54% and valued at $40.04 billion. The premier 
cryptocurrency also reports a negative performance on its weekly and monthly 
charts, with respective losses of 6.21% and 27.11%. Unless the market bulls 
convincingly reclaim the long standing $70k resistance, market sentiment is 
likely to remain fragile and prices vulnerable to additional downside or 
prolonged consolidation in the near term. Featured image from Unsplash, chart 
from Tradingview

Bitcoin Historical Cycle Pattern Points To $31,500 Bottom Target – Details

While bitcoin has been idling well beneath the $70,000 threshold, onchain 
metrics reveal that long-dormant wallets established between 2010 and 2017 
have stirred to life in February, shifting 1,908.21 BTC value at just over 
$125 million through 69 separate transactions. Early Bitcoin Spending Activity 
Moderates Amid Lower Price Range This year, bitcoin prices have fallen […]

Dormant Bitcoin Reactivations Remain Measured Versus 2025

Flawed token models are driving short-term trading, hindering long-term growth 
in the crypto market.
The post Namik Muduroglu: Token models incentivize selling over holding, governance structures in DAOs are failing, and regulatory fears stifle innovation | Unchained appeared first on Crypto Briefing.

Namik Muduroglu: Token models incentivize selling over holding, governance structures in DAOs are failing, and regulatory fears stifle innovation | Unchained

The missiles started flying, and so did the sell orders. Within hours of the 
US and Israel launching coordinated strikes on Iran, Bitcoin had dropped as 
much as 3.8% to $63,038, Ethereum had fallen nearly 9%, and more than 152,000 
traders had been liquidated across crypto markets. With traditional stock and 
bond markets closed for the weekend, digital assets absorbed the full force of 
the panic — alone. Related Reading: Bitcoin Sell-Off Slows Down, But The Road 
To Recovery Is Long — Analyst US And Israel Hit Iran&#8217;s Military And Nuclear 
Sites US President Donald Trump confirmed on Friday that the US had begun what 
he described as &#8220;major combat operations&#8221; against Iran, with strikes aimed at 
the country&#8217;s missile systems, naval assets, and nuclear infrastructure. 
Reports say Israel&#8217;s Defense Minister Israel Katz described the operation as a 
preemptive move, with both governments coordinating the assault. The scale and 
speed of the attack caught many off guard, and Iran&#8217;s response came quickly. 
The US is carrying out strikes on Iran, two US officials tell CNN. Follow live 
updates: https://t.co/pG6pfrPwlm pic.twitter.com/vPGeQ9ILHp — CNN (@CNN) 
February 28, 2026 According to reports, Iran launched waves of missiles and 
drones targeting not just Israel but American military installations across 
the Gulf region. A US base in Bahrain was reportedly struck. Qatar and the UAE 
said their defense systems intercepted projectiles flying over their 
territory. Explosions were heard in Dubai. Bahrain shut its airspace entirely. 
Iran&#8217;s semi-official Tasnim news agency declared that all US bases and 
interests across the region would be considered legitimate targets. The 
conflict, by Saturday morning, had spread well beyond Iranian and Israeli 
borders. Crypto Markets Take The Hit Traditional Markets Cannot Yet Feel 
Stocks, bonds, and commodities markets were closed. Crypto was not. Bitcoin 
trades around the clock, every day of the week, which made it the only major 
financial market available to absorb the weekend&#8217;s fear. The selling was fast 
and broad. Reports say roughly $128 billion in total market value was wiped 
across digital assets in the hours following the strike confirmation. Related 
Reading: Crypto Mixing Is Back — And Criminals Adapted Faster Than The Rules 
Did Bitcoin fell from around $66,000 to as low as $63,038 before settling near 
$64,000. Ethereum dropped below $1,850. XRP slid 8% to trade near $1.29. 
Solana, Dogecoin, Cardano, and Chainlink each recorded losses of between 8% 
and 12%. According to CoinGlass data, Bitcoin futures liquidations reached 
approximately $192 million, with futures trading volume surging to around 
$68.27 billion — a sign that derivatives markets were amplifying the move 
rather than spot sellers driving it alone. Total liquidations across all 
crypto assets hit $515 million within 24 hours. The Fear and Greed Index, a 
widely watched measure of market sentiment, fell to 14 — deep inside extreme 
fear territory. Featured image from Getty Images, chart from TradingView

Bitcoin In The Line Of Fire: Price Dips To $63k As US, Israel Launch Strikes On Iran

The cryptocurrency market served as a real-time volatility barometer over the 
weekend as joint U.S. and Israeli strikes on Iran triggered a sharp sell-off 
while traditional markets were closed. The Bitcoin Benchmarking The 
cryptocurrency market once again fell victim to its own always-on 
architecture. As the only major asset class trading 24/7, digital assets bore 
[…]

Cryptocurrency price in GBP