In a move that screams “I’ll take it all, thanks,” BitMine Immersion Technologies has hoarded another 45,759 Ethereum, presumably while the market was busy having an existential crisis. CryptoQuant, the Nostradamus of crypto, is waving its hands frantically, claiming this could be the bottom. Or maybe it’s just doing jazz hands. Hard to tell.
The bearish cascade has persisted, sending MYX’s price below the bittersweet threshold of two dollars. The bulls wove a brief, theatrical defense at the psychological round‑number support, only to be outmaneuvered by a horde of impatient sellers, who left them collecting crumbs.
This consolidation, I daresay, is the result of a delicate dance between sellers, who seem determined to guard their resistance levels with the fervor of a dragon guarding its gold, and buyers, who appear equally resolute in their defense of lower grounds. The market, ever the observant spectator, remains in a state of cautious equilibrium, its sentiment as uncertain as a maiden awaiting a proposal.
On the 16th of February, amidst the cacophony of the social media platform X, Hougan, with the élan of a man who has dined with both bulls and bears, declared his optimism for the current crypto cycle. “The myopic souls who equate this winter with the winters of 2018 or 2022,” he intoned, “have evidently forgotten the lessons of those bygone eras. In 2018, we were but infants, clutching our $3,000 bitcoins and dreaming of a ‘global computer’ that could scarcely compute. In 2022, the sky itself seemed to collapse, and the regulators, those modern-day dragons, breathed fire upon our fragile ecosystem.”
On February 16, our friend Saylor took to the social media platform X (not to be confused with the letter itself, which has done nothing to deserve such a fate) to respond to Dalio’s alarming claim about the unraveling of the world order established after the last great kerfuffle. In his infinite wisdom, Saylor championed Bitcoin as an asset devoid of counterparty exposure, like a well-buttered crumpet left out in the rain.
Amidst the gloom of XRP’s price, which plummets like a stone into the abyss, the ledger’s assets flourish, a paradox as bewildering as a poet’s muse.
You see, price strength without a healthy dose of expanding volume often indicates that traders are sprinting ahead with the enthusiasm of a cat in a room full of laser pointers-aggressive positioning rather than widespread conviction seems to be the name of the game here. But fear not, dear buyers; they continue to valiantly defend the $0.031 region on the daily chart as if it were the last slice of pizza at a party.
On X, Lawant waxed poetic about the CME Bitcoin basis, a metric so arcane it might as well be a hieroglyphic. “The carry trade?” he scoffed, “It’s vanished faster than a Ponzi scheme at a tax audit.” In a world where leverage once danced like fireflies, now only the ghost of leverage remains, whispering to tombstones in the derivatives graveyard.
On Tuesday, Feb. 17, 2026, bitcoin performed a delicate waltz between $67,000 and $69,000, the broader cryptocurrency market clinging to life like a drunkard to a lamppost. A brief flirtation with $69,000 was met with the cold shoulder of selling pressure, which sent the price tumbling to $66,557 before a feeble recovery. Meanwhile, Strategy’s latest BTC binge-2,486 coins for $168.4 million-proved as effective as a umbrella in a hurricane.
The Solana ETFs, those regulated darlings of institutional whimsy, have pulled in a tidy sum, even as the broader market screams, “Abandon ship!” Europe and Canada toss a few lifebuoys, but the U.S. is busy drilling holes in the hull. Still, SOL’s inflows whisper of stubborn optimism-a regulated embrace that promises steady demand, even if the price chart looks more like a drunkard’s walk than a victory march.