Speaker 1: Hey, it's Alex with the Token Metrics Daily Pulse for
Speaker 1: February twenty third, twenty twenty six. Got a lot to
Speaker 1: cover today and honestly, it's been a bit of a
Speaker 1: wild ride while most of us were sleeping. So okay,
Speaker 1: So here's what's happening. Here's the big story. We saw
Speaker 1: about five hundred million dollars in liquidations overnight. Bitcoin took
Speaker 1: a dive, touching about sixty four thousand dollars before bouncing
Speaker 1: back to around sixty six k. It's it's one of
Speaker 1: those moments where thin weekend liquidity meets a messy cocktail
Speaker 1: of tariff fears and geopolitical tension. The market did what
Speaker 1: it always does, It overreacted. We're talking three hundred and
Speaker 1: sixty million in long positions wiped out in a single hour.
Speaker 1: That's not a bear market. It's a liquidity vacuum with
Speaker 1: a hair trigger. Now here's where it gets interesting. The
Speaker 1: rest of the market is definitely feeling the heat. Solana
Speaker 1: took a hard hit, down about six percent to around
Speaker 1: eighty dollars. Ethereum's all sliding, sitting just under two thousand.
Speaker 1: But you know what's wild Meme coins are actually up
Speaker 1: big over ten percent, while every other narrative like AI
Speaker 1: and DPIN is bleeding double digits. It's a total risk
Speaker 1: off five for the serious stuff, but the djens are
Speaker 1: still playing in the meme sandbox. Bitcoin dominance is holding
Speaker 1: steady at fifty six percent, so the alts aren't exactly
Speaker 1: catching a bit on this dip. Okay, So here's the
Speaker 1: bigger picture, and it's a bit of a good news
Speaker 1: bad news situation. First, the corporate side Bitdeer just liquidated
Speaker 1: their entire bitcoin treasury nearly one thousand coins to buy
Speaker 1: Landjihan Wu says it won't always be zero, but that's
Speaker 1: basically CEO speak for don't panic. Meanwhile, bitcoin balances on
Speaker 1: binance are at their highest since late twenty twenty four.
Speaker 1: That usually means retail is moving coins to exchanges to sell,
Speaker 1: or at least getting ready to. Then there's a theoreum
Speaker 1: Fatallic's been selling again to fund development, which is it new,
Speaker 1: but the timing is well it's brutal. Builders at Ethereum
Speaker 1: Denver are even admitting that apps have failed to win
Speaker 1: over the masses. It's a tough look when your own
Speaker 1: community is questioning product market fit. But Look, it's not
Speaker 1: all gloom. Standard Chartered is out here saying stable coins
Speaker 1: could drive a trillion dollars in Treasury bill demand by
Speaker 1: twenty twenty eight. Think about that. Crypto might literally end
Speaker 1: up helping the US government fund itself. And Missouri is
Speaker 1: even pushing a bill to create a state bitcoin reserve.
Speaker 1: So while the charts look messy, the structural adoption is
Speaker 1: still grinding forward. So what should you actually be worried about? Well,
Speaker 1: the behavioral side is looking shaky all right before okay,
Speaker 1: sixty five k and when the diamond hands start selling,
Speaker 1: we lose that historical floor. Polymarket betters are giving it
Speaker 1: a seventy two percent chance that bitcoin drops below fifty
Speaker 1: five thousand eventually. Plus we've still got those tear of
Speaker 1: headlines and a ran tensions hanging over us in THN liquidity.
Speaker 1: Another headline could trigger a repeat flush and the next
Speaker 1: one might not bounce back quite as fast. And looking ahead,
Speaker 1: keep an eye on Michael Sailor. There are rumors he's
Speaker 1: eyeing his one hundred bitcoin purchase this week. If he
Speaker 1: buys during this dip, it's a massafif signal of conviction. Also,
Speaker 1: watch the Senate Banking Committee. They're nearing a vote on
Speaker 1: digital asset market structure. If that advances, we could see
Speaker 1: stable coins and exchange tokens repriced pretty quickly on the
Speaker 1: regulatory clarity. Well that's the pulse for today. If you've
Speaker 1: got something out of this, send it to a friend
Speaker 1: who's into crypto. That's the best way to support us.
Speaker 1: This is educational content, not investment advice. Always do your
Speaker 1: own research. I'm Alex, See you next time.