BlockBeats News, February 23 — Crypto analyst Murphy stated that BTC is currently fluctuating around $65,000, a position close to the range of the <10y_RP indicator. After excluding the impact of most lost BTC costs, this indicator is considered to be closer to the true level, known as the “historical average turnover cost.”
This range may serve as an important psychological and cost defense line for the bulls. If it is effectively broken downward, it could indicate that the current downtrend will continue to deepen into a bear market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Moody’s Rates First Bitcoin-Backed Muni Bond in Landmark Move
_Moody’s assigns a Ba2 rating to a $100M Bitcoin-backed municipal bond in New Hampshire, marking a historic first for crypto in credit markets._
Moody’s has officially rated a Bitcoin-backed municipal bond for the first time.
The credit agency assigned a provisional Ba2 rating to a $100 million b
LiveBTCNews14m ago
Blockstream CEO: Slam $1.5 billion to stockpile 21,000 Bitcoin
Blockstream CEO Adam Back plans to purchase about $1.5 billion worth of Bitcoin within the next few weeks, further strengthening its Bitcoin reserve strategy and positioning it as one of the largest Bitcoin-holding institutions globally. At the same time, the financing completed by Capital B uses a convertible note conversion mechanism, providing a model for European companies’ future Bitcoin procurement. As the EU’s MiCA regulations are advanced, it will encourage more companies to include Bitcoin in their asset allocation.
MarketWhisper15m ago
Genius Group liquidates Bitcoin treasury to pay $8.5M of debt
AI-powered Bitcoin treasury and education company Genius Group revealed on Tuesday that it sold the remainder of its Bitcoin in Q1 to pay off debt, adding to a recent wave of companies offloading assets amid a crypto bear market.
“The company will recommence building its Bitcoin Treasury when it b
Cointelegraph17m ago
Genius Group liquidates all its Bitcoin to repay a $8.5 million debt, and multiple companies cut their BTC holdings at the same time
Genius Group announced that it will sell all its Bitcoin in the first quarter of 2026 to repay a $8.5 million debt, bringing its holdings to zero; this move contradicts its 2024 commitment to a “Bitcoin-first” strategy. Other companies such as MARA Holdings and Bitdeer have also continued to sell Bitcoin to meet financial needs.
GateNews18m ago
Oil trader takes $17 million hit as tokenized crude rivals bitcoin liquidations
This week, a significant liquidation of $46.6 million in tokenized Brent oil futures on Hyperliquid marked a notable event in crypto, overshadowing traditional assets. Driven by geopolitical tensions, liquidations impacted traders heavily positioned for a ceasefire.
CoinDesk36m ago
