Bitcoin is struggling to reclaim the $80,000 level after several days of 
sustained selling pressure and heightened market uncertainty. Price action 
remains fragile, with each rebound attempt failing to attract strong follow- 
through, reinforcing concerns that the market is still digesting a broader 
structural shift rather than a short-term correction. According to top analyst 
Axel Adler, Bitcoin entered a bear cycle in October 2025 and is now moving 
through a correction phase following the local peak near $125,000. Related 
Reading: Ethereum Experiences Broad Long Squeeze Across Derivatives Exchanges: 
Can Bulls Hold $2,300? On-chain data supports this interpretation. Two key 
indicators — Percent Unrealised Loss and the LTH/STH SOPR Ratio — point to 
mounting stress across the holder base, but without the hallmarks of full 
capitulation. Unrealised losses have risen sharply, tripling since January 
from roughly 7% to around 22% as prices declined from $95,000 to near $78,000. 
While this increase signals growing discomfort among investors, it remains 
well below the 40–60% levels historically associated with deep bear-market 
capitulation in 2019 and 2023. At the same time, the LTH/STH SOPR Ratio has 
dropped around 40% from its peaks, indicating compressed profitability and 
reduced willingness to sell at a loss, particularly among longer-term holders. 
Together, these signals suggest Bitcoin is in a mid-cycle stress phase: 
pressure is building, confidence is weakening, but widespread forced selling 
has not yet emerged. Profit Compression Without Capitulation Signals Adler 
also highlights the behavior of the Bitcoin LTH/STH SOPR Ratio as a critical 
lens for understanding the current market phase. This metric compares the 
profitability of coins being spent by long-term holders (LTH) versus short- 
term holders (STH), offering insight into who is absorbing losses and who is 
still distributing coins at a profit. High readings indicate that long-term 
holders are realizing profits far more efficiently than short-term 
participants, while lower values imply growing loss realization among newer 
entrants. Since peaking near 1.85 in October, the LTH/STH SOPR Ratio has 
fallen to around 1.13, representing a decline of roughly 40%. This sharp 
compression reflects a clear deterioration in profitability across the market. 
However, the indicator remains above the critical 1.0 threshold. Historically, 
sustained moves below 1.0 have marked periods where short-term holders 
capitulate en masse, selling at significant losses. Deeper drops into the 
0.6–0.8 range coincided with full capitulation and cycle lows in 2015, 2019, 
and 2023. At the current level, profit margins are tightening for both 
cohorts, but long-term holders are still, on average, exiting positions above 
cost. Adler notes that a decisive break below 1.0 would signal a transition 
into true capitulation, while a recovery toward 1.3–1.4 would indicate renewed 
confidence. Taken together with rising unrealised losses, the data points to a 
mid-cycle stress phase rather than a terminal bear-market bottom. Related 
Reading: Bitcoin Miner Fees Remain Near Cycle Lows: What Does This Signal? 
Bitcoin Stabilizes After Sharp Sell-Off Bitcoin price action on the 12-hour 
chart reflects a market still under structural pressure. Despite a short-term 
stabilization attempt around the $78,000 zone. After an aggressive sell-off 
from the mid-$90,000s, BTC broke decisively below multiple key moving 
averages. This confirms a broader bearish regime rather than a simple 
pullback. The sharp downside impulse was accompanied by a notable spike in 
volume. Signaling forced selling and liquidation-driven flows rather than 
orderly profit-taking. Since tagging the local low near $78,000, the price has 
attempted a modest rebound. However, this bounce remains technically weak. 
Bitcoin continues to trade below the short-term and medium-term moving 
averages. Which are now sloping downward and acting as dynamic resistance. 
Previous support in the $88,000–$90,000 region has clearly flipped into a 
supply zone. Capping upside attempts and reinforcing the idea of a range 
forming beneath a broken structure. Related Reading: Bitcoin Bear Market 
Signal Emerges: Supply in Loss Rises Above 40% The current consolidation 
appears more consistent with a relief pause than a trend reversal. Momentum 
has slowed, but there is no evidence yet of sustained bid absorption or 
higher-timeframe demand stepping in. As long as BTC remains below the 
descending moving averages, downside risks persist. The price is vulnerable to 
renewed tests of the recent lows. Reclaiming and holding above the 
$82,000–$85,000 area would be required to signal a meaningful shift in short- 
term structure. Featured image from ChatGPT, chart from TradingView.com

Bitcoin Unrealized Losses Reach 22% – Still No Capitulation Phase

MetaMask has added access to more than 200 tokenized U.S. stocks and ETFs 
through a new integration with Ondo Finance, expanding users’ ability to trade 
traditional assets directly inside the wallet. Ondo announced the update on 
Feb. 3, saying its…

MetaMask brings 200+ tokenized U.S. stocks and ETFs to users via Ondo

Ethereum price extended its decline below $2,220 and $2,200. ETH is now 
attempting to recover from $2,000 but faces many hurdles near $2,250. Ethereum 
failed to stay above $2,300 and started a fresh decline. The price is trading 
below $2,265 and the 100-hourly Simple Moving Average. There is a major 
bearish trend line forming with resistance at $2,250 on the hourly chart of 
ETH/USD (data feed via Kraken). The pair could start a fresh decline if it 
stays below the $2,350 zone. Ethereum Price Faces Resistance Ethereum price 
failed to remain stable above $2,320 and extended losses, like Bitcoin. ETH 
price traded below $2,220 to enter a bearish zone. The bears even pushed the 
price below $2,200. A low was formed at $2,107 and the price is now attempting 
to recover. There was a move above $2,220. The price tested the 23.6% Fib 
retracement level of the downward move from the $3,040 swing high to the 
$2,107 low. However, the bears are active near $2,265. There is also a major 
bearish trend line forming with resistance at $2,250 on the hourly chart of 
ETH/USD. Ethereum price is now trading below $2,265 and the 100-hourly Simple 
Moving Average. If the bulls remain in action above $2,175, the price could 
attempt another increase. Immediate resistance is seen near the $2,250 level. 
The first key resistance is near the $2,265 level. The next major resistance 
is near the $2,460 level. A clear move above the $2,460 resistance might send 
the price toward the $2,575 resistance or the 50% Fib retracement level of the 
downward move from the $3,040 swing high to the $2,107 low. An upside break 
above the $2,575 region might call for more gains in the coming days. In the 
stated case, Ether could rise toward the $2,680 resistance zone or even $2,700 
in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,265 
resistance, it could start a fresh decline. Initial support on the downside is 
near the $2,200 level. The first major support sits near the $2,175 zone. A 
clear move below the $2,175 support might push the price toward the $2,120 
support. Any more losses might send the price toward the $2,050 region. The 
main support could be $2,000. Technical Indicators Hourly MACD – The MACD for 
ETH/USD is gaining momentum in the bearish zone. Hourly RSI &#8211; The RSI for 
ETH/USD is now below the 50 zone. Major Support Level – $2,175 Major 
Resistance Level – $2,265

Ethereum Price Recovery Runs Into A Wall, Decline Risk Returns

Kraken co-CEO Arjun Sethi said Payward’s revenues were “well balanced” in 
2025, split almost evenly between trading and asset-based revenues.

Kraken parent Payward revenues jump 33% as crypto traders pile in

XRP’s recent price rebound has come at an unusual moment. The token is slowly 
recovering from levels last seen nearly two years ago, even as fresh 
controversy arises around resurfaced Jeffrey Epstein emails and renewed 
scrutiny of early XRP-related experiments such as Mojaloop. Related Reading: 
Bitcoin’s Crash Spells Trouble For Strategy: 10-Month Low Stings Below Average 
Purchase Price For many traders, the timing raises a simple question, Why is 
XRP finding buyers now, despite headlines that could have weighed on 
sentiment? The answer appears to lie less in historical debates and more in 
present-day market structure, regulation, and real-world use cases that are 
beginning to show measurable traction. XRP&#8217;s price trends to the downside on 
the daily chart. Source: XRPUSD on Tradingview Epstein Emails and Mojaloop 
Reignite Old Debates Recently released emails linked to Jeffrey Epstein have 
drawn attention to how early crypto insiders viewed XRP and similar payment 
networks. Parity involving figures from Bitcoin-centric firms suggested that 
supporting projects like XRP or Stellar was seen as politically and 
strategically risky within early crypto circles. Separate leaked discussions 
from the Mojaloop Foundation compared XRP-based models with Stellar, 
highlighting push payments and real-time settlement, while also pointing to 
integration and adoption challenges. Industry figures, including Ripple’s 
chief technology officer David Schwartz, have stressed that these documents 
show opinion and proximity, not involvement or control. The emails largely 
reinforce what was already known, XRP’s design and goals put it at odds with 
Bitcoin-aligned investors in its early years, slowing adoption despite 
technical promise. While the renewed attention has stirred online speculation, 
it has not introduced evidence of misconduct or direct operational ties. XRP 
Price Rebound Driven by Market and Regulatory Signals Despite the chatters, 
XRP recently bounced from around $1.50, its lowest level in almost two years, 
as the broader crypto market staged a modest recovery. Bitcoin and Ethereum 
also moved higher, helping lift sentiment across major tokens. XRP has since 
traded near $1.60, even after falling more than 15% over the past month. 
Beyond market beta, regulatory developments have played a role. Ripple’s 
approval for a full Electronic Money Institution license in Luxembourg allows 
it to operate across the European Union and expand its regulated payment 
services. In parallel, a partnership with DXC Technology is integrating XRP 
into banking systems for settlement and payments, reinforcing its utility 
narrative at a time when investors are looking for assets with tangible use 
cases. Real-World Activity Offers Counterweight to Controversy Another factor 
supporting sentiment is growing activity on the XRP Ledger beyond payments. In 
the UAE, more than $280 million worth of polished diamonds have been tokenized 
using Ripple-backed custody infrastructure and the XRPL. While the project 
remains in a controlled phase pending regulatory approvals, it highlights how 
the network is being used for real-world asset experiments rather than 
speculation alone. Related Reading: Bitcoin Net Taker Volume Sees Third- 
Largest Bearish Spike In 2 Years Taken together, XRP’s bounce appears to be 
driven less by the dismissal of historical concerns and more by current 
fundamentals. Regulatory progress, institutional-facing partnerships, and 
broader market stabilization have, for now, outweighed renewed debate over old 
emails and early adoption struggles. Cover image from ChatGPT, XRPUSD chart on 
Tradingview

Cryptocurrency price in SAR