IntoTheBlock stated in a post on X platform that 95% of Bitcoin addresses are currently in a state of profit. The last time the proportion was this high was during the peak of the bull market in 2021, when the price of Bitcoin exceeded $60,000.

Investors brace for a pivotal week as economic data, Fed speeches, and rate-cut speculations shape the crypto market's trajectory.

The Bitcoin creator saw an irony in the debate between economic liberty and conservation in an email thread with an early collaborator Martii 'Sirius' Malmi.

An address starting with 1aXzE transferred approximately 26,139 bitcoins worth about $1.347 billion to an address starting with 3M6XX yesterday, as monitored by Arkham.It is reported that the largest Bitcoin transaction prior to this occurred in April 2020, involving a trade of 161,500 BTC worth about $1.1 billion, involving two Bitfinex addresses, which was later confirmed by CTO Paolo Ardoino. Prior to that, other major transactions in 2019 and 2020 ranged from $491 million to $1.033 billion.

1. Ethena Labs explains the reason for the significant reduction in sUSDe APY: to ensure a slow and controlled product launch

The British Bitcoin DeFi platform SatoshiSwap.ai announced the completion of a $700,000 pre-sale round of financing. The new funds will be used to build a DEX designed specifically for the Bitcoin ecosystem. It is reported that the SatoshiSwap.ai model is similar to UniSwap, but its platform will use the Stacks L2 blockchain.

Sabre56 CEO Phil Harvey stated that "many trading opportunities have matured" after the BTC halving. He said, "Time will tell, but historical data strongly suggests significant growth within 18 months."

Farside Investors monitored that on February 23, the ARK 21Shares Bitcoin Spot ETF (ARKB) had a net inflow of $34.5 million.

According to OKX market data on February 23rd, Bitcoin fell below $51,000 and is currently priced at $50,983, with a 24-hour drop of 0.82%.

Lin, the head of Deribit Exchange's Asia-Pacific business, stated that today's largest BTC options trade was once again buying a cross-market combination for March 1st: buying both a call and put option for 52,000 on March 8th, totaling 250 BTC and paying a premium of $785,000. The largest ETH trade today was buying 2,000 call options for 32,000 at the end of March, paying a premium of $314,000. The biggest change in the past 1-2 weeks compared to before the Spring Festival is that the large trades are relatively small. Recently, with the release of financial reports for US stocks and the FOMC meeting, the prices of technology stocks have been high, and traditional large institutions are focusing on arbitrage trading or short-term hedging.

This week’s newsletter describes a proposal for providing DNS-based human-readable Bitcoin payment instructions, summarizes a post with thoughts about mempool incentive compatibility, links to a thread discussing the design of Cashu and other ecash systems, briefly looks at continuing discussion about 64-bit arithmetic in Bitcoin scripts (including a specification for a previously proposed opcode), and gives an overview of an improved reproducible ASMap creation process. Also included are our regular sections describing updates to clients and services, new releases and release candidates, and notable changes to popular Bitcoin infrastructure software.

According to Glassnode data, since mid-March 2020, the amount of Bitcoin stored in exchange wallets has significantly decreased, marking a significant shift in investor behavior. At that time, more than 17% of the total Bitcoin supply was held on exchanges, reaching a historic high. However, the trend of decreasing exchange balances has continued, even during the 2021 Bitcoin bull market and is expected to continue until 2024. The amount of Bitcoin held on exchanges has continued to decline this year. From January 1st to February 19th, the amount of Bitcoin in exchange wallets decreased from 2.356 million BTC to 2.314 million BTC, the lowest level since April 2018.

According to OKX market data, Bitcoin fell below $51,000 and is now priced at $50,942, with a 24-hour decline of 1.89%.

VanEck's HODL, a BTC ETF, saw a surge of over 2,200% in trading volumes on Tuesday, with individual traders driving the move. The ETF traded over $400 million, a 22-fold increase from its daily average of $17 million. The surge in volumes came ahead of a planned fee cut on Wednesday, with VanEck reducing its offering fees from 0.25% to 0.20%. The ETF now holds nearly $200 million worth of bitcoin, with the surge in volumes contributing to the highest volume day for bitcoin ETFs since their launch in January.

According to Coingecko data, BTC's market value has returned to $1 trillion, currently valued at $1,026,205,886,144, setting a record for the past two years.

Bitcoin's recent surge above $52,000 has been followed by a rebound and pullback frenzy, causing some concern about a potential sell-off. Over 840,000 new Bitcoin addresses that bought BTC during the rally have incurred significant losses, which could lead to increased selling pressure. Crypto analyst Michaël van de Poppe predicts a potential correction before the Bitcoin price peaks between $53,000 and $58,000. Despite this, TradingView has given Bitcoin a "Strong Buy" indicator and the cryptocurrency currently boasts a market capitalization of $1.01 trillion.

On February 20th, it was reported that earlier in the day, Bitcoin rose to a total value of $539 million in buy and sell orders within a 2% market depth (meaning within a 2% range of the market price) across 33 centralized exchanges. Data tracked by Kaiko shows that this is the highest level since October of last year and represents a 30% increase since the launch of the spot ETF on January 11th.

According to IntoTheBlock data, 848,390 addresses bought 481,710 BTC (worth $25 billion) at an average price of $52,125. These addresses are currently in a loss position and may create selling pressure when their positions reach breakeven.

According to a report by CryptoQuant on February 20th, a whale withdrew over 18,000 bitcoins (worth about $1 billion) from Coinbase last weekend. These bitcoins were then distributed to multiple new wallets, each with a balance ranging from $45 million to $171 million. This move caused Coinbase's bitcoin reserves to drop to 394,000 BTC, worth about $20.5 billion, the lowest level since 2017.

According to Coinglass data, as of January 19th, the current open interest of Bitcoin futures is $24.211 billion, with a 24-hour increase of 1.83%. This number is approaching the historical high point of $24.268 billion in mid-April 2021.