BTC may retest $78.2K and drop to a new low

Market overview

BTC has failed to break through the $93,000-$97,000 resistance zone and subsequently declined, reaching a low of around $80,000. Several key factors contributed to this drop:

1. The US stock market is weak, with the Nasdaq pulling back 10% from its peak.
2. ETF inflows have halted, with BTC ETFs seeing continuous net outflows exceeding $16 billion as of February 10.
3. MicroStrategy has paused BTC purchases, with its buying activity slowing significantly in 2025 compared to its frequent acquisitions in 2024.
4. The Federal Reserve remains cautious about interest rate cuts, exerting significant pressure on BTC's overall liquidity.

Given the above factors, BTC is likely to continue testing the previous low of $78,200 and may break below it to establish a new bottom for this correction.

Currently, BTC's market dominance stands at 61.4%, while TOTAL3 market capitalization has dropped to $776 billion. Altcoins are unlikely to see strong rallies while BTC remains in a downtrend, but TOTAL3 could rise rapidly once BTC finds a bottom.

Key events

• Solana prediction market takes.fun has tweeted that it has completed its testnet phase and will soon launch on the Solana mainnet.
• This week, APT, SEI, and STRK will see significant unlock, with a total value of $142 million expected to be released.
• Media company Decrypt and its affiliated company MYRIAD have announced the establishment of the Myriad Foundation, which will launch its MYR token in 2025. 
• The real asset token issuer Backed announced on the X that it has launched the tokenized Coinbase stock wbCOIN on the Base network.
• Sui is testing the integration of Passkeys based on WebAuthn on its testnet, aiming to enable biometric transaction signing.
• The Solana community is set to vote on governance proposal SIMD-0228, which could reduce the network’s annual inflation by up to 80%.
• According to Bloomberg, Gemini, the crypto exchange backed by billionaire Winklevoss twins, has filed for an initial public offering (IPO). Goldman Sachs and Citigroup expect that this listing could happen as early as 2025.
• Ethereum-native zkEVM L2 solution Scroll has unveiled its 2025 roadmap, outlining plans to launch the Euclid upgrade in April, which aims to increase throughput fivefold and cut transaction costs by 50%.
• According to Bloomberg, Crypto exchange Kraken is considering an IPO by the first quarter of 2026.
• Web3 community Own The Doge has announced the tokenomics for its new memecoin, Cocoro, with 20% of the community airdrop allocated to DOG and Neiro holders.

Hot projects

Token		Description	Market Cap（$)
	AUCTION Recently launched the AI Launchpad platform	The full name of the AUCTION token is Bounce Token, which was converted from BOT tokens at a 1:100 ratio. As the core token of the auction platform, AUCTION allows users to participate in auction activities, pay transaction fees, and access other platform services. Recently, the platform announced the launch of an AI issuance platform on BSC, driving increased market demand for AUCTION, which has shown strong performance lately.	109 million
	RARE NFT platform	SuperRare is a leading NFT marketplace. According to CryptoSlam data, the number of NFT buyers and sellers has dropped by more than 90% in the past seven days, while trading volume has increased by 15.27% to $121.5 million. NFT trading activity among users has hit a low, but trading volume has risen. Notably, SuperRare #38335 was sold for $219,441. Continued attention is needed on the performance of the RARE token.	53 million
	BNKR AI-themed project	BankrCoin is an AI-powered product built on the Base ecosystem. Its public Alpha version is now live, allowing users to buy, sell, swap, place limit orders, and manage their wallets simply by sending a message.	29.34 million
	TMG Fan economy	T-Mac DAO is the first basketball star-based decentralized autonomous fan community. In the T-Mac DAO community, anyone can create dedicated channels and spaces for their favorite basketball players, engage with like-minded fans, follow their favorite stars' latest updates, and organize offline events. Additionally, T-Mac DAO helps fans access exclusive perks, including limited NFT auctions, community token airdrops, and basketball star merchandise.	28.94 million
	FARTBOY  Trending IP meme project	FARTBOY is inspired by the popular Fartboy comic series. It is not only entertaining but also brings a refreshing twist to the crypto world. The Fartboy community boasts over 100,000 members.	75.23 million

BTC ecosystem overview

• BTC Mainnet & Fractal Bitcoin Gas Fees remain at 2 sat/byte (due to low activity) ⚡.
• Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

1. ORDI: $8.12 (-12.15%)
2. DOG: $0.0018 (-8.25%)
3. FB: $0.90 (+16.26%)

Exchange updates

• WOO X has launched RED/USDT perpetual contracts with up to 20x leverage.
• Coinbase has added AI-focused project Aethir (ATH) and DeFi protocol Maple Finance (SYRUP)  to its listing roadmap.
• The Bitget Launchpool project ELX is now open for investment, with the BGB reward pool yielding 108.75% APR and the DEUSD reward pool yielding 142.43% APR.
• Binance has imposed a monitoring label on GoPlus Security (GPS) as it experienced a significant price drop after its spot listing and was involved in market-making activities.
• Bybit has launched PAWS (PAWS) pre-market spot trading.

Industry landscape

• According to Axios, Apex Fintech, a firm known for integrating stock trading into apps, is considering acquiring the cryptocurrency platform Bakkt to expand its existing customer base, accelerate the launch of new services such as staking, and create new sales opportunities for a crypto-savvy audience.
• AI crypto company Validation Cloud has completed a $15 million Series A funding round, led by True Global Ventures.
• Layer 2 network Base has announced the acquisition of the Iron Fish development team, a privacy-focused blockchain project, to enhance privacy features within the Base ecosystem.
• According to The Korea Herald, South Korean financial experts and opposition party members have proposed including Bitcoin in the national reserves.
• The US Utah Senate has passed HB230, the Blockchain, and Digital Innovation Amendment Act, but deleted the clause that allows the state treasury to invest in Bitcoin. 
• Sui development company Mysten Labs has acquired the game development platform Parasol.
• US Congressman Nick Begich has tweeted that he is working with Senator Cynthia Lummis to prepare a significant initiative related to Bitcoin, which will be announced on March 11. 

Emerging projects

Token	DRB	Cocoro	BNKR
Description	The memecoin on Base, called DebtReliefBot, is based on the concept of GROK issuing tokens autonomously through Bankr and Clanker.	The memecoin on Base represents the new dog adopted by DOGE's owner. Unlike the previous Neiro, this coin is officially recognized.	The AI Agent token on Base enables natural language interactions, allowing users to buy, sell, swap, place limit orders, and manage wallets with ease. Users can interact with Bankr via X, Farcaster, or the Bankr private terminal.
Price	$0.0001231	$0.02746	$0.0002620
Market Cap（$）	12.31  million	21.90 million	26.20 million
Token Holders	6,118	20,178	77,172

Token	DB	JDWOMEN	YzY
Description	The memecoin on Solana is designed to mimic the token from the popular game Fortnite, but it is not an official token.	The memecoin on Solana is similar in concept to Pweas, serving as the International Women's Day (March 8) version of JD Vance.	The memecoin on Solana is inspired by Kanye West, but he has denied issuing any cryptocurrency. This coin remains a concept-riding token. However, Kanye recently posted that he is learning about cryptocurrency from Ansem.
Price	$0.001741	$0.001460	$0.007242
Market Cap（$）	1.74  million	1.46 million	7.24 million
Token Holders	6,564	2,276	14,447

Other opportunities

On-chain DeFi mining yield products:

Project Name	Francium（Blockchain：Solana） ←→ Token：SOL/USDC
Participation Method	Add SOL/USDC liquidity from the Raydium official website and select the price range.
Project Information	Raydium: Raydium is an automated market maker (AMM) built on the Solana blockchain, utilizing a central limit order book for execution. Francium: A decentralized yield strategy aggregator on Solana, providing customized yield strategies and infrastructure for strategy development.
Earnings Details	Currency Pair: USDC/SOL Withdrawal Cycle: T+1 Annualized Interest Rate: 65.16% (subject to fluctuations) Algorithm: Trading Fee Revenue APY (80.04%) - Borrowing APY (14.88%) = Net APY (65.16%)
Product Data	Tokens: SOL/USDC Total Deposits: $6.73M (LP tokens valued at $545.43K, with 1 LP = $169.80) Liquidity: $7.77M

Risk: Due to the small pool size, the risk is relatively high. Considering impermanent loss, it is recommended to assess whether this product is a viable investment when SOL is at a lower price point. Users should invest cautiously and conduct their own research.

Disclaimer

The development and market cap of stablecoins mentioned in the above content are speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

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