Just went through the market data from early February and man, things were pretty messy back then. Bitcoin price that day had dropped below 81k, and the whole market was getting shaky. ETH volatility hit 16.42% with shorts dominating, SOL similar story. Some altcoins were absolutely wild though—ZORA swinging 110%, CLANKER up 67% with longs piling in.

What caught my eye was the sentiment shift. Ethereum actually fell out of the top 50 global assets by market cap, sitting at 56th. That's wild considering where it usually ranks. Meanwhile, some whale called "7 Siblings" was buying the dip hard—grabbed over 12k ETH during the downturn. CryptoQuant's CEO was saying we hadn't hit bottom yet, expecting a long sideways grind.

The bitcoin price today situation back then had analysts split. Some thought 77k could be a cycle low, but most were still bearish. PlanB noted Bitcoin had already dropped 38% from ATH, and the 200-week MA was the real support to watch. What really stood out was MicroStrategy's BTC position getting hammered—unrealized profits basically gone. And Bitmine's ETH losses hit a new record at 5.92 billion.

Some interesting moves: Trend Research dumped 10k ETH into a major exchange, probably dealing with loan repayment. Michael Saylor was teasing more Bitcoin tracker info. Overall, it was one of those capitulation moments where everyone's questioning if we're actually at the bottom or just starting the real bear market grind.