Crypto markets weakened further on Wednesday morning, Feb. 11, extending losses from earlier in the week as selling pressure spread across large-cap tokens and total market capitalization slid 3.6% to $2.34 trillion.<\/p>\n
Bitcoin (BTC<\/a>) is trading around $66,280 at press time, down over 4% in the past 24 hours, with weekly losses at 10%.<\/p>\n Ethereum (ETH<\/a>) also slipped back below the $2,000 level, down almost 5% on the day and more than 11% over the past week. Losses were broad-based across major altcoins, with BNB<\/a> down 4.6% in the past 24 hours and nearly 19% on the week, while Solana (SOL<\/a>) fell close to 6% today.<\/p>\n Analysts at QCP Capital warned in a research note<\/a> today that markets still lack clear rebound confirmation, leaving prices vulnerable to renewed pressure.<\/p>\n The analysts cautioned that sentiment still remains fragile as the Crypto Fear & Greed Index<\/a> is still deep in \u201cextreme fear,\u201d which the firm described as less a sign of capitulation and more \u201cthin ice that happens to be holding.\u201d<\/p>\n Glassnode echoed the cautious tone. In an X post<\/a> yesterday evening, the crypto analytics firm said that assuming the early October 2025 all-time high marked the end of the most recent bull phase, this cycle has so far experienced relatively modest drawdowns, comparable to the 2015-2017 market.<\/p>\n Looking at the top-100 assets<\/a> by market cap, Uniswap (UNI) was the biggest outperformer, surging more than 30% earlier today amid news that financial giant BlackRock made a strategic investment<\/a> within the Uniswap ecosystem. Provenance Blockchain (HASH) also posted gains of around 6%.<\/p>\n On the downside, MYX Finance (MYX) led losses, plunging more than 30%, followed by Trump-linked World Liberty Financial\u2019s WLFI, down over 8% amid continued risk-off positioning.<\/p>\n CoinGlass<\/a> data shows roughly $390 million in positions were liquidated over the past 24 hours, with the majority being long positions. Bitcoin accounted for about $157 million and Ethereum roughly $126 million in the past 24 hours, while more than 120,000 traders were liquidated during the period.<\/p>\n On Tuesday, Feb. 10, spot Bitcoin ETFs recorded their third consecutive positive inflow day, with a net $166.6 million flowing into the products, lifting cumulative inflows to $55 billion, according to SoSoValue data<\/a>. Total value traded reached $3.38 billion, while total net assets stood at $87.7 billion.<\/p>\n Spot Ethereum ETFs also saw net inflows on Tuesday for the second day in a row, with $13.8 million added, pushing cumulative inflows to $11.8 billion, while total net assets stood at $11.7 billion.<\/p>\nMarkets on Thin Ice<\/h2>\n
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Big Movers and Liquidations<\/h2>\n
ETFs and Macro Conditions<\/h2>\n