On-Chain Data

According to Farside Investors monitoring, on February 19, the US Bitcoin spot ETF experienced net outflows of $133.3 million, and Ethereum spot ETF saw net outflows of $41.8 million, mainly concentrated in products from BlackRock and Fidelity.

Bitcoin futures open interest has dropped 55% since October 2025, down to $44 billion, indicating bearish market sentiment and decreased trader participation. Institutions have reduced their positions in response to price pressure, and hedging sentiment has generally increased. Despite volatility, long-term holders continue to accumulate Bitcoin, demonstrating market resilience. Analysts predict a potential bottoming out and rebound.

Odaily Planet Daily reports that on-chain analyst Ai Yi monitored that the new address (0x44f...8C91A) sold 886.31 WBTC on the chain in the past 5 hours, worth $58.53 million, with an average selling price of $66,044.99. The related funds were transferred via Defiway cross-chain six months ago and were consolidated and sold by dozens of addresses six hours ago.

As of February 19, 2026, the price of Bitcoin remains in the $66,700 range, showing a short-term sideways trend, with trading volume decreasing. Market sentiment remains in extreme fear, and funds are dispersing into altcoins. On-chain indicators show a mixed situation, with activity declining and investors' profit zones narrowing.

Gate News bot message, the wallet "77DsB" linked to @Pumpfun has been continuously selling $PUMP. So far, it has sold 2.07B $PUMP for $4.55M $USDC and still holds 1.676B $PUMP (~$3.38M). According to Onchain Lens, wallet "77DsB" received 3.75B $PUMP ($25.39M) from Token Custodian Wallet 7 months ag

Ethereum's proof-of-stake contract now holds over 50% of the total ETH supply, with 80.9 million tokens valued at $160.4 billion. Despite price struggles around $2,000, anticipation grows for BlackRock's new Ether ETF.

_Bitcoin short-term holders face deep unrealised losses, placing profitability in the bottom tier of market history._ _Realised losses rise steadily, showing controlled selling pressure rather than full panic-driven capitulation._ _Extreme fear dominates sentiment as capital exits the

Gate News bot message, according to the Feb 18 update, Bitcoin ETFs experienced a single-day net outflow of 1,878 BTC (valued at $127.65 million), with a 7-day net outflow reaching 11,901 BTC ($808.77 million). Ethereum ETFs recorded a single-day net inflow of 27,096 ETH ($54.14 million), while the

Cassie Craddock of Ripple welcomes the launch of Société Générale-FORGE’s euro-backed stablecoin on the XRP Ledger, highlighting its significance for institutional adoption in Europe and the benefits of compliance and efficiency.

The crypto sector is experiencing a significant sell-off, with altcoin pressure reaching a 5-year peak. Institutional accumulation is absent as retail investors exit, raising concerns about the market's future trajectory.

K33 Research indicates that the current structure of the Bitcoin market is similar to the end of the 2022 bear market, suggesting a possible prolonged consolidation rather than a quick rebound. Despite attractive entry points, markets often require a long adjustment period after the bottom, and historical data shows low returns, requiring patience.

BlockBeats reports that the whale "neoyokio.eth" established a long position in ASTER with 2x leverage on January 28 and has recently added to its position. The current holdings have increased to $14.9 million, making it the largest long position on the chain. Its sub-address previously held a $2 million ASTR long position but has since closed it. This whale also previously went long before the XPL rally, with significant unrealized gains.

On February 18, 2026, from 11:00 to 11:15 (UTC), BTC dropped 0.60% within just 15 minutes, with the price fluctuating around $67,800. As the overall market sentiment turned more cautious, short-term volatility intensified, trading activity increased, and market attention continued to heat up. The main driver of this movement was macroeconomic pressure. The Federal Reserve's recent interest rate policies have fueled risk aversion in global financial markets, putting collective pressure on risk assets, and the crypto market also weakened accordingly. At the same time, the EU's latest compliance framework was introduced, and increased regulatory expectations added to market uncertainty.

Arkham Intelligence has launched its Intel API, enhancing on-chain data infrastructure for advanced fund-flow tracking and entity labeling. This innovation aims to improve compliance monitoring and market research for crypto analytics amid rising demand from institutional clients.

Gate News bot message, Ethereum accumulation by long-term holders has increased during the current price decline. For the first time, more than 50% of the total ETH supply is now staked. These two developments occur as the market experiences weakness.

Polygon fees exceeded Ethereum for 3 days, with $407,100 on Friday vs $211,700 for Ethereum. Polymarket generated over $1,000,000 in fees on Polygon in 7 days, while Origin World generated about $130,000. Polygon has posted higher daily transaction fees than Ethereum for three consecutive da

Helium’s HNT has gained 90% in the past week to hit a one-month high as daily trading volume surged past $20 million for the first time this year. Data shows that social engagements have almost doubled in that time as the crypto

BitMine discloses holding 3.62% of the Ethereum supply, with total assets decreasing to $9.6 billion. The company holds 4,371,497 ETH, 193 BTC, and various shares, with a cash balance of $670 million. Over the past week, it increased its holdings by 45,759 ETH.