Bitcoin Shows Rare Bottom Signal After Months of Weakness
Welcome to the Daily for February 11, 2026. ☕️
Hello Cointribe! 🚀
Hey there, crypto crew! 😎 It’s Wednesday, February 11, 2026. Here’s a snapshot of the latest crypto news from the past 24 hours.
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡 Weather:
⛈️ Stormy
24h crypto recap! ⏱
⚠️ Bitcoin No Longer Seen as a Safe Haven, Says Grayscale
Grayscale challenges the perception of Bitcoin as a traditional safe-haven asset, highlighting its evolving market behavior. The firm notes that Bitcoin increasingly trades in correlation with risk assets rather than acting as a hedge during macroeconomic stress. Analysts point to changing investor profiles, growing institutional participation, and liquidity dynamics as key factors shaping this shift. The report raises broader questions about Bitcoin’s role in diversified portfolios amid global uncertainty and shifting monetary conditions.
👉 Read the article
🛡️ Polymarket Challenges Massachusetts Over Regulatory Authority
Polymarket has filed a lawsuit against Massachusetts authorities as several states question oversight of prediction markets. The platform argues that federal regulators hold primary jurisdiction, disputing state-level enforcement actions. The case highlights tensions between emerging digital forecasting platforms and traditional regulatory frameworks. As scrutiny intensifies, the outcome could influence how prediction markets operate across the United States and clarify boundaries between state and federal supervision in the digital asset sector.
👉 Read the article
🏛️ Israeli Crypto Sector Calls for Comprehensive Reform
Leaders of Israel’s crypto industry are urging authorities to implement significant regulatory reforms to strengthen the sector’s competitiveness. Industry representatives cite unclear licensing processes, banking restrictions, and tax uncertainty as obstacles to growth. They argue that clearer guidelines could attract investment and foster innovation while maintaining oversight. The debate unfolds as other jurisdictions advance crypto frameworks, prompting concerns about Israel’s position in the global digital asset landscape.
👉 Read the article
📉 Bitcoin Sees $250 Million in Liquidations Within 24 Hours
Bitcoin markets experienced sharp volatility, triggering approximately $250 million in liquidations over 24 hours. The sudden price movements caught leveraged traders off guard, intensifying selling pressure across derivatives platforms. Analysts link the turbulence to broader macroeconomic uncertainty and shifting risk sentiment. The episode underscores the sensitivity of leveraged positions during rapid market swings and highlights ongoing fragility within crypto derivatives markets amid fluctuating liquidity conditions.
👉 Read the article
🇪🇺 Europe Tightens Controls on Crypto Transactions Linked to Russia
European authorities are reinforcing measures targeting cryptocurrency transactions connected to Russia, expanding oversight amid ongoing geopolitical tensions. Regulators aim to prevent digital assets from being used to bypass sanctions, increasing scrutiny on exchanges and service providers operating within the bloc. The initiative reflects broader efforts to align crypto supervision with existing financial restrictions. As enforcement intensifies, industry participants face stricter compliance requirements and closer monitoring of cross-border flows involving sanctioned entities.
👉 Read the article
🚀 Crypto of the Day: LayerZero (ZRO)
LayerZero (ZRO) Surges Following Zero Blockchain Launch
LayerZero’s native token, ZRO, has experienced a notable rally this week, rising approximately 24% over the past seven days and 15% in the last 24 hours. The surge follows the launch of its own Layer 1 blockchain, Zero, which has attracted support from prominent investors, including Citadel Securities and Ark Invest.
Breakout After Period of Price Stability
ZRO opened the day at $1.80 and quickly climbed to $2.27, accompanied by a sharp increase in trading volume to $550 million—almost a 300% jump. This price movement reflects a clear breakout after a period of relative stability, as traders repositioned in response to the Zero launch. Currently, the key support zone lies between $1.80 and $2.00, while the next resistance is observed near $2.46. Maintaining levels above $2.00 is critical for sustaining the bullish trend and investor confidence.
Bullish Momentum Remains Intact
The current price action suggests that momentum remains on the upside, driven by increased market activity and growing interest in the Zero blockchain narrative. Traders appear to be responding aggressively to the news, with volatility rising alongside trading volume.
Industry Backing Strengthens LayerZero’s Prospects
Cathie Wood, CEO of Ark Invest, joined LayerZero’s advisory board, citing confidence in the team’s achievements over the past year. She noted that the project aligns with the ongoing shift of financial systems toward on-chain solutions and expressed optimism about LayerZero’s potential to support long-term innovation within the blockchain ecosystem.
📊 Real-time Performance (CMC)
💵 Current Price: $2.27
📉 24h Change: 15.2%
💰 Market Capitalization: $670.45M
🏅 CoinMarketCap Rank: #68
🪙 Circulating Supply: 294.83M ZRO
📊 Trading Volume (24h): $550.12M
🔔 Bitcoin Shows Rare Bottom Signal After Months of Weakness
📉 Rare “Bottom Signal” Suggests a Market Floor May Be Forming
Bitcoin is displaying a technical indicator rarely seen since 2022, known as a bottom signal, which has drawn renewed interest from market participants. This signal appears when the profitable supply—the portion of coins in profit—falls to about 50 %, a threshold historically linked with periods of low selling pressure and potential trend reversals. When this level is reached, long-term holders are less likely to dump, which can help reduce downward momentum.
This type of signal has preceded recoveries in past cycles (including 2018, 2020, and 2022), although past performance does not guarantee future moves. Additional indicators like the Pi Cycle Top Indicator also show that the market is not overheated, reinforcing the idea that the downturn could be stabilizing rather than accelerating.
📌 Core Technical & Strategic Levels to Watch
The profitable supply has dropped to 50 %, a level historically associated with market bottoms and reduced selling pressure. Support sits at $63,007, the current immediate floor, aligned with the 23.6 % Fibonacci retracement. On the upside, short-term resistance is around $71,672; a decisive breakout above this level could pave the way for gains toward $78,676 and beyond. Meanwhile, the rising STH/LTH ratio indicates increased activity from short-term holders, often linked to heightened volatility and short-term trading swings
🧠 What This Means for Traders and Investors
For long‑term investors, this bottom signal may represent an opportunity to accumulate, as historically similar conditions have preceded extended upward trends. However, market swings can still be unpredictable, and any resurgence depends on whether key resistance levels are overcome.
For short-term traders, elevated volatility and critical resistance points (especially near ~$71,672) mean disciplined risk management is essential. Breakouts can lead to rapid rallies, but failures also bring swift retracements.
🧩 Key Takeaway
Bitcoin’s recent technical signals point to a market that may be closer to stability after prolonged weakness, rather than deepening its decline. While this doesn’t guarantee an immediate rally, it suggests conditions where selling pressure has eased and buyers may be better positioned to step in—so long as crucial resistance levels are taken seriously.
