{"id":419998,"date":"2026-02-17T10:45:54","date_gmt":"2026-02-17T05:15:54","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoins-long-term-holders-show-signs-of-strain-after-february-sell-off-crypto-news\/"},"modified":"2026-02-17T10:50:22","modified_gmt":"2026-02-17T05:20:22","slug":"bitcoins-long-term-holders-show-signs-of-strain-after-february-sell-off-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoins-long-term-holders-show-signs-of-strain-after-february-sell-off-crypto-news\/","title":{"rendered":"Bitcoin\u2019s Long-Term Holders Show Signs of Strain After February Sell-Off &#8211; Crypto News"},"content":{"rendered":"<div style=\"position:relative;overflow:visible;font-size:1.2em;line-height:1.58\">\n<div class=\"pt-8 pb-10 border-t border-b border-decryptGridline \">\n<h4 class=\"sc-b2a202e4-4 bNRGqr gg-dark:text-white\" color=\"#333\">In brief<\/h4>\n<ul>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Bitcoin\u2019s long-term holder accumulation during February&#8217;s dip is weaker when compared to FTX, LUNA Crash.<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Still, a key metric has flipped for the first time since May 2022, signaling veteran holders are under pressure and realizing losses.<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">CLARITY Act, more Fed rate cuts, and sustained ETF inflows are key catalysts that could trigger a recovery, Decrypt was told.<\/li>\n<\/ul>\n<\/div>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Bitcoin&#8217;s long-term holders are buckling under pressure following this month\u2019s sell-off, amid signs of a relatively weaker accumulation trend that could trigger a deeper correction.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">February 6\u2019s dip to $62,800 imposed overhead pressure on long-term holders comparable to the May 2022 LUNA crash, marking a \u201crare shift in conviction typically seen in deeper stages of bear markets,\u201d Glassnode wrote in a Telegram <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.me\/glassnode\/1544\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">note<\/span><\/a><span style=\"font-weight:400\"> on Monday.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Meanwhile, the 7-day exponential moving average of the Long-Term Holder Spent Output Profit Ratio (SOPR) fell below 1, a sign that veteran investors are now realizing losses.<\/span><\/p>\n<p><iframe loading=\"lazy\" style=\"border:0\" src=\"https:\/\/myriad.markets\/embed\/market\/btc-next-move-pump-to-84k-or-dump-to-55k\" width=\"100%\" height=\"415px\"><span data-mce-type=\"bookmark\" style=\"display:inline-block;width:0px;overflow:hidden;line-height:0\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Long-term holders are the market&#8217;s strongest hands and have typically served as the last line of defense in previous cycles, helping form cycle bottoms as capitulation forced wealth transfers.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">When such cohorts are underwater, the question arises: where is the next floor? Glassnode points to $54,000 as the next critical support level.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Recent macro data has done little to clarify the path forward. <\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The U.S. <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/357789\/bitcoin-slides-fed-rate-cut-doubts-strong-jobs-report\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">added<\/span><\/a><span style=\"font-weight:400\"> 130,000 jobs in January, dampening expectations of a rate cut and sending risk assets lower. Inflation slowed to 2.4%\u2014but the print failed to trigger a recovery rally from Bitcoin. <\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Markets still assign a 90% probability that the Federal Funds Rate will remain unchanged in March, per CME&#8217;s <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">FedWatch<\/span><\/a><span style=\"font-weight:400\"> tool.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Still, not everyone is convinced the floor will give way.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Sean McNulty, APAC derivatives trading lead at FalconX, is arguing for the contrarian case that $60,000 will hold as the cycle floor in the near term, citing \u201chealthy buying flows.\u201d &#8220;This level has been defended by a massive wall of buyers who recently absorbed the capitulation of short-term holders,&#8221; he told <\/span><i><span style=\"font-weight:400\">Decrypt<\/span><\/i><span style=\"font-weight:400\">.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/357159\/crypto-sentiment-sinks-lowest-level-3-5-years\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">Extreme market pessimism<\/span><\/a><span style=\"font-weight:400\"> during the recent drop\u2014and the sell-off lacking a systemic blow-up like FTX\u2014are reasons McNulty believes a further decline is unlikely. <\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The recent drawdown was &#8220;orderly deleveraging&#8221; that led to excess speculative capital rotating out of crypto without structural failure, he said.<\/span><\/p>\n<div class=\"my-4 border-b border-decryptGridline\">\n<div class=\"text-start p-8 md:py-12 md:px-12 max-w-prose relative\"><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute top-4 left-4 md:top-6 md:left-6\"\/><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute rotate-180 bottom-4 right-4 md:bottom-6 md:right-6\"\/><\/p>\n<h3 class=\"font-akzidenz-grotesk font-bold text-xl md:text-3xl md:text-center gg-dark:text-white\">Daily Debrief<!-- --> Newsletter<\/h3>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In brief Bitcoin\u2019s long-term holder accumulation during February&#8217;s dip is weaker when compared to FTX, LUNA Crash. Still, a key metric has flipped for the first time since May 2022, signaling veteran holders are under pressure and realizing losses. CLARITY Act, more Fed rate cuts, and sustained ETF inflows are key catalysts that could trigger [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":406134,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-419998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/419998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=419998"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/419998\/revisions"}],"predecessor-version":[{"id":420001,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/419998\/revisions\/420001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/406134"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=419998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=419998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=419998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}