With Bitcoin sentiment at four-year lows, analysts have flagged historic 
oversold signals and potential seller exhaustion.

Crypto extreme fear suggests incoming  inflection point: Matrixport

The mobile wallet Zashi has been rebranded to Zodl following a split from its 
former parent organization, as its development team moves forward under a new 
independent structure. In a statement released on Feb. 16, the team said the 
upcoming…

Zcash wallet Zashi rebrands to Zodl following team split

Solana failed to stay above $90 and corrected gains. SOL price is still above 
$85 and might attempt another increase in the near term. SOL price started a 
downside correction below $90 against the US Dollar. The price is now trading 
above $85 and the 100-hourly simple moving average. There is a rising channel 
forming with resistance at $88 on the hourly chart of the SOL/USD pair (data 
source from Kraken). The pair could extend losses if it dips below the $85 
zone. Solana Price Starts Downside Correction Solana price failed to surpass 
$92 and started a downside correction, like Bitcoin and Ethereum. SOL dipped 
below $90 and $88 to enter a short-term bearish zone. There was a move below 
the 50% Fib retracement level of the upward wave from the $76.54 swing low to 
the $91.20 high. However, the bulls were active above the $82 support. The 
price is back above $85. There is also a rising channel forming with 
resistance at $88 on the hourly chart of the SOL/USD pair. Solana is now 
trading above $85 and the 100-hourly simple moving average. On the upside, the 
price is facing resistance near the $88 level. The next major resistance is 
near the $90 level. The main resistance could be $92. A successful close above 
the $92 resistance zone could set the pace for another steady increase. The 
next key resistance is $95. Any more gains might send the price toward the 
$102 level. Another Decline In SOL? If SOL fails to rise above the $92 
resistance, it could start another decline. Initial support on the downside is 
near the $85 zone. The first major support is near the $82 level or the 61.8% 
Fib retracement level of the upward wave from the $76.54 swing low to the 
$91.20 high. A break below the $82 level might send the price toward the 
$76.50 support zone. If there is a close below the $76.50 support, the price 
could decline toward the $72 support in the near term. Technical Indicators 
Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly 
Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 
level. Major Support Levels – $85 and $82. Major Resistance Levels – $88 and 
$92.

Solana (SOL) Gears Up For Another Rally Attempt — Can Bulls Clear $92 Barrier?

On-chain data shows almost half of all Bitcoin is currently underwater, 
representing overhead supply that might need to be absorbed before a price 
bottom. Around 9.31 Million Bitcoin Is Now Being Held At A Loss In a new post 
on X, CryptoQuant community analyst Maartunn has talked about why a true 
Bitcoin bottom takes time to form. To illustrate his point, Maartunn has 
shared a chart for the Bitcoin Supply In Loss, an indicator that measures, as 
its name suggest, the total amount of the cryptocurrency that&#8217;s being held at 
a net unrealized loss. As is visible in the above graph, the Bticoin Supply In 
Loss shrunk down to zero as the asset set its new all-time high (ATH) back in 
October. Since then, however, the metric&#8217;s value has sharply expanded as the 
cryptocurrency has gone through its bearish reversal. Related Reading: Bitcoin 
NUPL Back In Hope/Fear Region: What Happens Next? Today, the indicator is 
sitting at 9.31 million BTC, which is the highest that it has been since the 
2022 bear market. In terms of supply percentage, this amount is equivalent to 
46% of all tokens in circulation. Generally, holders in loss look forward to 
retests of their cost basis level so that they can exit with their capital 
back. Currently, there would be a significant amount of such investors. &#8220;A 
large share of holders are waiting to sell at breakeven or a small profit,&#8221; 
noted the analyst. Another on-chain indicator called the UTXO Realized Price 
Distribution (URPD) showcases which levels exactly the underwater hands bought 
their Bitcoin at. As displayed in the indicator&#8217;s chart, the Bitcoin loss 
supply is particularly clustered between the $80,000 to $95,000 and $105,000 
to $120,000 ranges. Given the distance that the current BTC price has to these 
levels, it&#8217;s possible that traders who bought inside the ranges will stay 
underwater in the near future. Upward moves for the asset would naturally be 
met with selling pressure from these investors looking to cut their losses. 
&#8220;That overhead supply must be absorbed and redistributed to stronger hands 
before a durable bottom can emerge,&#8221; explained Maartunn. Related Reading: 
Bitcoin On-Chain Heatmap Shows All Major Metrics In The Red During the 
previous bear market, the Bitcoin Supply In Loss dropped to even lower levels 
than now and the market observed a long phase of consolidation before this 
transfer of loss supply to more resolute hands could occur. It now remains to 
be seen how long the cryptocurrency will take to reach a floor this time 
around. BTC Price Bitcoin has taken to sideways movement since its recovery 
from the $60,000 low as its price is still trading around $68,600. Featured 
image from Dall-E, chart from TradingView.com

46% Of Bitcoin Supply Now In Loss—What It Could Take For A Bottom

Wintermute has rolled out institutional over-the-counter trading for tokenized 
gold, marking its entry into digital commodities amid rising interest in 
asset-backed tokens. The firm said on Feb. 16 that its OTC desk now supports 
trading in Pax Gold and Tether…

Cryptocurrency price in INR