Crypto Market

BTC and ETH Market Insight

The crypto market last week showed a recovering and consolidating pattern after the intense selling pressure that began in late January, when Bitcoin (BTC) broke multiple supports and dipped to lows around $60k. Sentiment gradually turned more positive, marking a relatively stable period and signaling a partial rebound ahead, driven largely by key macro data.

Overall, BTC ended the week up modestly, with a clear bounce from its lows.

Ethereum (ETH) and other altcoins followed a similar trajectory but with slightly weaker relative performance, as reflected in the BTC/ETH ratio. ETH hovered in the low range, waiting for a sharp rally alongside BTC while facing additional pressure from broader altcoin weakness.

The US CPI data came in cooler than expected, acting as a cushion by repricing Fed rate-cut expectations lower for 2026. This sparked a positive risk-on move, with BTC jumping over 5% in the 24 hours following the release. However, ongoing macro fears—such as geopolitical uncertainties, prior QT concerns, and remnants of the yen carry unwind—continued to linger.

BTC found strong support around $65k after the early-February crash. The bounce is now targeting $70k resistance, which is expected to be a tough level to overcome. RSI has moved toward neutral with volume spiking on the CPI-driven rally. A potential higher low is forming, signaling that seller pressure is steadily decreasing.

Upcoming Macro Calendar - Source: Trading Economics

Options Market

Following a modest rebound over the weekend, the crypto market continued to slide during the week. Unlike the panic selloff from last week, what we are seeing is a more orderly liquidation of positions. Despite heavy put flows signaling persistent downside hedging as prices fell, the option market flipped to a modest call bias. Implied Volatility declined alongside stabilizing Realised Volatility post-selloff, with BTC main-term at ~48% and ETH at~65%, indicating weakened volatility.

Altcoins and Blockchain News

Macro

The major indices finished the week lower due to the increasing AI anxiety: the DJIA lost 1.2%, the S&P 500 fell 1.5%, and the Nasdaq dropped 2.1%. The Chinese stock market finished last week with gains before the Chinese New Year: the Shanghai Composite Index added +0.43%, the CSI 300 rose +0.39% and the Hang Seng index ended flat.