Bitcoin trades below most holders’ cost basis, but a rally above $74,500 could change everything. Can the bulls pull it off? Bitcoin (BTC) has rebounded 7.45% over the past two days after dropping to $62,400 on Tuesday, below a key onchain price support. Despite the bounce, holders who bought six months to two years ago remain at an average cost of $74,500, a level that now stands as a potential inflection point. As BTC moves higher, the concentration of supply around $74,500 stands as a key test for the current trend; a decisive reclaim of that level may signal demand and a shift in short-term market structure. Bitcoin’s realized price tracks the average onchain acquisition cost for a given UTXO age band. For coins aged 18 to 24 months, that level stands near $64,200. Read more
Bloomberg and Kaiko aim to embed licensed financial data directly on blockchain networks, targeting institutional tokenized Treasurys and repo markets. Bloomberg is collaborating with Kaiko, a Paris-based digital asset market data provider, to make Bloomberg’s licensed financial data accessible directly within blockchain environments rather than through traditional offchain databases. The companies said Thursday that the initiative is designed to address the challenge of inconsistent data across tokenized markets. In many tokenized asset ecosystems, companies may rely on different versions of pricing data, security identifiers or reference information, increasing the risk of discrepancies and operational inefficiencies. Read more
Bitcoin institutional flows are cooling while its long-term holders and network participants absorb the supply. In a range-bound regime, these are the key signals to watch. Since dropping by 35% from Jan. 14 to Feb. 5, Bitcoin (BTC) has consolidated in a range from $60,000 to $70,000 over the past 22 days. At the same time, several BTC adoption-linked metrics are moving in different directions across exchange-traded funds (ETFs), whales, miners and corporate Bitcoin treasuries. These divergences highlight steady capital commitment beneath muted price action and how each signal fits into the bigger picture. The 90-day rolling average of US spot Bitcoin ETF net flows has dropped to -$2.18 billion. Over the past two years, the metric has turned negative only twice: from March to May 2025, and in the current stretch that began on December 11, 2025. In both instances, Bitcoin followed with a corrective phase. Read more
As US policymakers scrutinize prediction markets platforms, many Polymarket users won bets over speculation as to which insider trading an online sleuth had exposed. Update (Feb. 26 at 7:33 pm UTC): This article has been updated to include a statement from Meteora. Polymarket users betting on an employee at trading platform Axiom as the target of an insider trading investigation by ZachXBT were rewarded after the crypto sleuth announced the results on social media to his 977,500 followers. In a Thursday X post, ZachXBT said Axiom employee Broox Bauer and others allegedly were responsible for insider trading activity at the company “since early 2025.” According to the pseudonymous onchain investigator, Bauer allegedly used internal tools “to lookup sensitive user details to insider trade by tracking private wallet activity.” Read more
The GIF ETF combines nine leveraged single-stock strategies into a fund designed to generate weekly income through covered call options. US-based asset manager REX Shares has launched an exchange-traded fund that bundles leveraged covered-call strategies tied to nine individual stocks, including crypto-linked names Coinbase and Strategy, into a single income-focused product trading under the ticker GIF. According to Thursday’s announcement, the fund holds equal-weighted positions in REX’s existing single-stock Growth & Income ETFs, each of which targets about 1.25x exposure to its underlying equity while writing covered calls on a portion of the portfolio to generate option premium income. GIF trades on Cboe Global Markets and each underlying ETF seeks to distribute income on a weekly basis, with payouts largely derived from covered call premiums. Read more