Bitcoin ETPs Had the First Big Exit of 2025
According to a CoinShares report, $430 million was withdrawn from Bitcoin ETPs last week, while the total crypto asset ETP outflow was recorded as $415 million. CoinShares research head James Butterfill attributed this decline to US Federal Reserve Chair Jerome Powell’s cautious statements on interest rate cuts and higher-than-expected inflation data.
However, these outflows were somewhat offset by fund inflows into altcoin ETPs such as Solana, XRP, and Sui. Solana ETPs received $8.9 million, XRP ETPs $8.5 million, and Sui ETPs $6 million. The investment interest in Solana and XRP in particular stems from optimistic expectations regarding possible ETF approvals from the US Securities and Exchange Commission (SEC). Bloomberg analysts estimate the probability of Solana ETF being approved in 2025 as 75%, while XRP’s is 65%.
US Takes Steps for National Bitcoin Reserve
The US crypto task force aims to create a national Bitcoin reserve. According to Bernstein’s report; The Federal Reserve could issue debt or sell some of its gold reserves to finance these purchases. In addition, the $20 billion Bitcoin seized by the US government from criminal organizations is on the agenda to be added to this reserve.
It is predicted that this move could start a global competition by encouraging other countries to adopt Bitcoin as a reserve asset. The report emphasizes that there are structural questions about how such a reserve will be created, and states that investors should be prepared for an upward trend for Bitcoin and related stocks.
Polkadot Launches First Blockchain Training for Politicians
Polkadot Blockchain Academy will organize its first blockchain training program specifically designed for lawmakers in Zug, Switzerland, in 2025 and between April 6 and 8. The three-day course, titled “Blockchain Basics for Politicians,” will also be attended by UK MPs. The training aims to enable policymakers to make more informed decisions about Web3 and blockchain technologies.
This initiative coincides with work on crypto asset regulation in the UK. Polkadot Blockchain Academy aims to help lawmakers develop policies that support innovation by providing a better understanding of technical and regulatory fundamentals.
Fed Official Waller Advocates for Waiting on Rate Cuts
Fed Official Christopher Waller argued that interest rate cuts should be paused, stating that inflation data for January painted a mixed picture. However, Waller said that if an inflation trend similar to 2024 is seen, interest rate cuts may be appropriate later in the year. The Fed lowered interest rates by one point at the end of last year, but did not make any changes at the January meeting, leading markets to postpone interest rate cut expectations for 2025. According to CME Group’s FedWatch data, the probability of a 0.25 point cut at the March meeting is seen as only 2.5%.
Argentine Stock Exchange in Depression After Milei’s Meme Coin Crisis
The Argentine stock exchange suffered a sharp decline following the scandal that followed President Javier Milei’s introduction of the Solana-based LIBRA token. The S&P Merval index lost 5% at the opening on Monday, recouping some of its losses but still trading down 3% compared to Friday’s close. Although the LIBRA token reached a market value of $4 billion after its launch, it crashed 90% in a matter of hours, causing losses to investors. On-chain data shows that most of the token is held in a small number of wallets, while Milei’s advisor Hayden Davis admitted to withdrawing $100 million from the liquidity pool, further deepening the scandal.
Metaplanet Increases Bitcoin Holdings to 2,031 BTC
Metaplanet has increased its Bitcoin reserves with a new purchase of $25.6 million, bringing its total holdings to 2,031 BTC. The company purchased 269.43 BTC at an average price of $95,000. CEO Simon Gervovich revealed that the firm’s total Bitcoin investment is $163.3 million, with an average purchase cost of $80,394.
Metaplanet has become Japan’s largest institutional Bitcoin holder by pursuing an aggressive Bitcoin accumulation strategy since mid-2024. The company’s shares have gained more than 4,000% in the past year and will be included in the MSCI Japan Index on February 28. Metaplanet, which aims to reach 10,000 BTC by the end of 2025, plans to increase Bitcoin adoption by forming new partnerships.
Solana DEX Volume Drops
Solana’s decentralized trading platform (DEX) trading volume fell to $2.61 billion as of February 16, the lowest level since mid-December. Raydium’s volume fell by more than 45%, Orca’s by nearly 30%, while Meteora’s volume bucked the trend with an 18% increase.
This decline is attributed to waning meme coin interest and eroding investor confidence in the Solana ecosystem. The recent LIBRA scam also contributed to the decline in SOL’s price. In addition, the fact that 11.2 million SOL will be unlocked on March 1 increases the selling pressure in the market.
——————————————————————————————
BITCOIN (BTC)
BTC is priced at $ 95,480 as of the morning hours with a 0.33% loss in value. BTC is moving in the support area between 96,374 and 95,033. A break below these levels may cause pullbacks to 94,094 and 93,227. In a stronger bearish scenario, the decline may continue to 91,792. However, if the price reacts from the support area, it will be important to see closes above 96,374 for the upward movement to continue. In upward movements, the first resistance level is 97.746, above which 99.510 and the psychologically important 101.276 level will be followed. For direction determination, break of 95.033 support or 96.374 resistance should be waited.
ETHEREUM (ETH)
ETH is priced at $ 2657 as of the morning hours with a 3.07% loss in value. It is seen that the price had difficulty overcoming the resistance at 2,761 and retreated from here. If the downward movement continues, the 2,581 level stands out as an important support area. It can be said that if this level is broken, the price may decline to 2,523 and the stronger support level of 2,399. For an upward movement, it needs to close above 2,761. If this happens, the price may head towards the 2,836 – 2,919 resistance zone. The Ethereum price is trading in a critical zone and the reaction of support and resistance levels should be closely monitored to determine direction.
RIPPLE (XRP)
XRP is priced at $ 2.56 as of the morning hours with a 3.42% loss in value. It is seen that the XRP price could not overcome the resistance at 2.6551 and retreated from here with selling pressure. If the downward movement continues, the 2.5506 and then 2.4665 support levels should be followed. Breaking these areas may drag the price to the 2.3797 support area. A close above the 2.6551 resistance is critical for upward movements. If this happens, the price may head towards 2.7879 and the strong resistance area of 2.9009.
AVALANCHE (AVAX)
AVAX is trading at $ 23.90 as of the morning hours, losing 4.47%. AVAX is experiencing a pullback towards critical support levels and continued its downward trend by breaking the 24.72 level. If this decline continues, the next strong support zone is at 22.73. This level should be monitored as a critical point where buyers can step in. In upward recovery movements, the 24.72 level has now become resistance. If it can be sustained above here, it may be possible for the price to test the 25.55 and 26.54 resistance levels again. The reaction of the price at the 23.93 support level will be decisive in terms of AVAX’s direction.
SOLANA (SOL)
SOL is priced at $ 169.18 with a 4.68% loss in value as of the morning hours. SOL is facing strong selling pressure. After the 177.10 support level was broken, the price moved rapidly downward and fell to the 169.09 level. If this level is also broken downward, the next support point is at 164.04. In case of an upward reaction, the 177.10 level may act as resistance and unless there is a permanent move above this area, increases may be limited. In the general outlook, whether the 169.09 level can be maintained or not will be a critical determinant. If the price cannot hold in this area, the probability of a drop to 164.04 will increase.
