5. BTC Flees ETFs
Spot bitcoin ETFs in the US saw their largest daily net outflows ever on Tuesday, totaling $1.1 billion. Fidelity's FBTC led with $344.65 million in outflows. Globally, more than 14,500 BTC left BTC ETPs.
Yesterday's net outflow of 14,579 BTC in BTC ETPs globally is the largest recorded net outflow since the launch of U.S. spot ETFs.
— #Vetle Lunde (#@VetleLunde)
8:01 AM • Feb 26, 2025
4. Ark Invest Sells BTC, Buys COIN
Cathie Wood’s Ark Invest yesterday bought 41,032 Coinbase shares, worth $8.7 million, for its Next Generation Internet ETF (ARKW) and sold $8.6 million worth of its own bitcoin ETF (ARKB). While both COIN and BTC have witnessed falling prices since their respective all time highs, COIN is down 37% while BTC is only down 18%.
3. Gamestop Urged To Invest $5 Billion in BTC
Matt Cole, CEO of Strive Asset Management—an investment firm co-founded by Vivek Ramaswamy—has urged GameStop to adopt bitcoin as a reserve asset. Cole wants Gamestop’s CEO, Ryan Cohen, to use it’s nearly $5 billion cash reserve to buy BTC. With a melting ice cube of a business and, apparently, no better place to put the cash it parlayed from stock offerings to retail investors during the craze of 2020, this may not be the worst idea.
@gamestop @btcjvs Letter received.
— #Ryan Cohen (#@ryancohen)
6:46 PM • Feb 25, 2025
2. SEC Closes Investigation into Uniswap Labs
Make that four in one week. Uniswap Labs can now add itself to the roster of companies that the SEC will drop investigating. In April last year, the SEC issued a Wells notice claiming that Uniswap Labs operated as an unregistered broker. The company’s COO stated on X that Uniswap spent “tens of millions” fighting the SEC.
The SEC (under the previous admin) tried to claim that Uniswap Labs operated an unregistered broker, exchange, and clearing agency, and issued an unregistered security. Those claims have now been dropped.
@Uniswap Labs is not a broker. The Uniswap Protocol is not an unregistered… x.com/i/web/status/1…
— #Hayden Adams 🦄 (#@haydenzadams)
6:20 PM • Feb 25, 2025
1. Air Pockets
Bitcoin is trading at $87,000, but some warn it can slide to ~$74,000. Why? Galaxy’s Alex Thorn and James Check, a former Glassnode analyst, say there’s “mostly air” between $75-85k – meaning, very little BTC changed hands between that price range. And without much buying or selling there, the market may test whether actual demand (support) exists. Add some fresh tariff threats – and you have a recipe for even more volatility. Buckle up.
looking at BTC supply by price last moved (URPD), there's mostly air between $75-85k. almost no coins were moved onchain in that range, as we rocketed through it very quickly in nov. market may want to test that range. 200d MA is $81.6, which could provide support if we test it.
— #Alex Thorn (#@intangiblecoins)
4:04 PM • Feb 25, 2025
"I call it an air pocket. When we look at where all the supply changed hands and transacted. Very little supply transacted between $73k and $86k. That zone is a bit of a gap. We don’t know how much demand is down there." - @_Checkmatey_
— #TFTC (#@TFTC21)
4:31 PM • Feb 25, 2025
