Crypto markets took a tumble Thursday morning, Feb. 12, pushing Bitcoin below $66,000 and Ethereum below $2,000, as investor sentiment deteriorated to unprecedented lows.<\/p>\n
Total crypto market capitalization is flat over the past 24 hours around $2.33 trillion, while large-cap assets are mixed today. At press time, Bitcoin (BTC<\/a>) is trading at $65,747 at press time, down marginally on the day and bringing 7-day losses to about 5%.<\/p>\n Ethereum (ETH<\/a>) fell to $1,910 this morning, little changed over the past 24 hours and down 4% on the week. <\/p>\n While BNB<\/a> gained nearly 2% on the day, it\u2019s still down almost 10% over the past week. Solana (SOL<\/a>) slipped 0.6% in the past 24 hours, and is down 8% on the week.<\/p>\n Among the top-10 crypto assets, XRP<\/a> and Figure Heloc (FIGR_HELOC<\/a>) stood out on the weekly timeframe, both up about 4%. <\/p>\n Market sentiment, however, continues to lag price action. The Crypto Fear & Greed Index<\/a> fell today to a reading of 5, its lowest level on record, pushing sentiment deeper into \u201cextreme fear\u201d territory than during any previous bear market.<\/p>\n Glassnode analysts said in an X post<\/a> today that the disconnect between prices and sentiment reflects a market under sustained stress rather than a clear capitulation event.<\/p>\n The analysts pointed out that the 30-day simple moving average of net flows for both BTC and ETH spot ETFs has remained negative for most of the past 90 days, showing \u201cno sign of renewed demand.\u201d<\/p>\n They added in a separate research report<\/a> that liquidity remains thin, with traders maintaining defensive positioning. Without renewed spot demand or improvement in risk appetite, glassnode warned that price action is likely to remain driven by short-term positioning.<\/p>\n Looking at the top-100 assets<\/a> by market cap, earlier today, Aster (ASTER) climbed more than 7% after the decentralized exchange confirmed<\/a> that the mainnet launch of Aster Chain is scheduled for March. Hyperliquid\u2019s HYPE token also rose about 7%, extending its recent rebound.<\/p>\n On the downside, Uniswap (UNI<\/a>) led losses among large-caps, down 11.6%, erasing all of its gains from Wednesday\u2019s rally that followed news of a strategic investment<\/a> by BlackRock. <\/p>\n According to CoinGlass<\/a> data, over 120,000 traders were liquidated over the past 24 hours, with total liquidations reaching $285 million. Bitcoin accounted for roughly $118 million of that total, followed by Ethereum at about $65 million.<\/p>\n On Wednesday, Feb. 11, spot Bitcoin ETFs reversed their inflow streak, posting<\/a> over $276 million in net outflows on the day. Spot Ethereum ETFs also recorded net outflows of more than $129 million, according to data from SoSoValue. <\/p>\nUnprecedented Extreme Fear<\/h2>\n
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Big Movers and Liquidations<\/h2>\n
ETFs and Macro Conditions<\/h2>\n