主题:2月25号高级小组实时新闻

作者:1

[第1段]

开始时间: 12:45:04

结束时间: 12:46:20

对话:

Ken: "The grinding downtrend just will not stop. This kind of market is torture"

Sean: "Typical institutional market behavior. Previous Bitcoin bear markets did not grind down like this"

[第2段]

开始时间: 12:50:04

结束时间: 12:58:20

对话:

Raj: "Since the beginning of the year, nearly 4 billion dollars has flowed out of Bitcoin? That is liquidation style outflow"

Chriss: "Thank you for sharing!"

Dale: "No wonder Bitcoin prices keep drifting lower. The selling pressure turns out to be coming from ETFs"

Ken: "What is even scarier is that most of those Bitcoins were sold at a loss. Longs killing longs"

Scott: "The long side trampling each other started a long time ago"

Axel: @5@"4 billion dollars only equals around 70,000 Bitcoins. The main reason for the decline cannot possibly be just those 70,000 coins"{Bruce:👏}

[第3段]

开始时间: 13:05:04

结束时间: 13:13:20

对话:

Dale: "Exactly. It is surprising that 4 billion dollars corresponds to so few Bitcoins"

Sean: "BlackRock's IBIT became the hardest hit by outflows, almost accounting for the entire weekly total"

Adel: "Systematic rebalancing of institutional capital"

Bruce: @8@"If I remember correctly, total Bitcoin ETF holdings exceed 50 billion dollars. That means most positions are still locked"

Axel: "Correct. Long term allocation anchor capital remains in the market"{Mikaelian:👍}

Bruce: "Less than 10 percent has flowed out. That data is acceptable and enough to restore confidence"

Jinglu: "Then we can interpret this as partial de risking by institutions rather than systemic liquidation"{Dale:👍}

Michael: "Grayscale's Bitcoin ETF has become the only bright spot, maintaining net inflows recently"

Scott: "I suspect the company itself is buying. Grayscale mentioned a purchase plan last month"

Ken: "Grayscale's ETF share is too small to offset outflows from giants like BlackRock"

[第4段]

开始时间: 13:15:20

结束时间: 13:21:20

对话:

Dale: "Let us wait. Wait for the selling wave to completely exhaust"

Axel: "As Bitcoin keeps falling, miners are also triggering a wave of flight"

Raj: "The situation may be worse. The media has already labeled mining as entering a capitulation phase"

Chriss: "What is the current average cost of producing one Bitcoin?"

Axel: "Around 87,000 dollars"

Chriss: "Oh my god. That means miners are losing nearly 25,000 dollars per block on paper"

Sean: "Since the end of 2022, this is the first official entry into underwater mining territory"

Mikaelian: "How did mining costs rise so much over the past two years?"

Bruce: "It was around 55,000 in 2024"

Raj: "This bull cycle crossed a halving event. Mining difficulty doubled again"

Axel: @26@"Mining machine prices surged due to tariffs and chip shortages"

Mikaelian: "Exactly. All kinds of electronic component prices are soaring. Miners are suffering for no reason"

Dale: "Where are the main mining hubs in North America now?"

Michael: "The South and the Midwest"

Ken: "Texas is the largest mining stronghold. Last year's extreme weather and power outages likely caused devastating damage"

[第5段]

开始时间: 13:21:55

结束时间: 13:23:20

对话:

Scott: "News reported that Foundry USA temporarily lost about 60 percent of its hash rate during that winter storm"

Mikaelian: "An epic scale hash rate retreat"

Chriss: "If hash rate declines so severely, mining difficulty should adjust downward as well, right?"

[第6段]

开始时间: 13:25:20

结束时间: 13:46:20

对话:

Jinglu: "Your logic is correct. In mid February Bitcoin mining difficulty dropped by 11 percent"{Chriss:👍}

Raj: "But the relief came too late and was far from sufficient. The impact was minimal"

Sean: "A 45 percent cost price inversion paired with only an 11 percent difficulty adjustment is like a fractured patient taking just one painkiller"

Axel: "Capital markets are more sensitive than difficulty adjustments. Mining stocks were already crushed"

Dale: "That is true. Wall Street reacts fast"

Bruce: "Bitcoin is in a critical pre halving stage. Mining companies are stuck in a dilemma"

Ken: "What advance? They are simply enduring losses and holding on"

Michael: @42@"Wall Street no longer buys the halving story for next year. The halving narrative can officially be declared bankrupt"

Bruce: "Sigh. Does this mean Bitcoin's original logic is broken?"

Scott: "Mining company Bitdeer has begun liquidating its own Bitcoin holdings. There will likely be many similar cases"

Adel: "Do not dwell on it. The past has no substantive impact on the present"{Matt:👍}

Scott: "Mining companies that hoarded coins must deeply regret not selling earlier"

Mikaelian: "Among US listed mining companies, many were coin hoarders"

Chriss: "The loudly promoted hash rate expansion plans have now turned into illusions"

Jinglu: "With mining company balance sheets and stock prices collapsing together, miners may face severe liquidity crises before the broader crypto market"

Sean: "We need to recognize one thing. In 2026, miners' Bitcoin holdings have negligible market impact"

[第7段]

开始时间: 13:49:20

结束时间: 14:14:20

对话:

Ken: "I agree. The total Bitcoin held by all miners combined may not even equal a fraction of MicroStrategy's holdings"

Adel: "Not even close"

Mikaelian: "The golden era of mining has long disappeared into crypto history"

Michael: "From a conspiracy perspective, Bitcoin whales are forcing early miners to sell at low prices"

Raj: "There is definitely deliberate price suppression. The Supreme Court tariff ruling should have been a major positive for financial markets"

Matt: "Trump tariff case is bullish? Are you kidding me?"

Raj: "Simply canceling tariffs alone is positive for global financial stability. Market prices reflected that"

Matt: "But you are ignoring Trump's later announcement of a 15 percent global tariff"

Mikaelian: "I think global markets have become even more chaotic and uncertain"

Jinglu: "The mentor mentioned earlier that the government may have to refund over 100 billion dollars in taxes to corporations"

Adel: "That huge amount effectively drains liquidity from financial markets"

Scott: "Who knows what crazier move Trump might make next"

Raj: @60@"Trump's executive orders can last at most 150 days. It feels more like a face saving move rather than direct surrender"{Michael:👍}

Axel: "The mainstream view is that US trade policy uncertainty has intensified"

Sean: "The rejection of the IEEPA act may be theoretically bullish for risk assets short term, but it also increases global trade disorder"

Dale: "Trump's series of actions feel like political tightrope walking"

Chriss: "I want to know right now, is US Customs actually collecting tariffs?"

Mikaelian: "They have been ordered to stop collecting all related duties"

Sean: "Trump's executive order feels more like a verbal threat. Nothing has truly been implemented or finalized"

Chriss: "What a farce. The whole world is watching and laughing"

Bruce: "This back and forth tug of war is dragging crypto prices lower"

Ken: "Google searches for Bitcoin is dead and Bitcoin to zero hit record highs this month"

Scott: "The drop feels so hopeless that even I am losing confidence"

Jinglu: "Looking back at history, Bitcoin death notices have piled up like a mountain. Do not worry"

Mikaelian: "Haha. An interesting statistic is that Bitcoin has been declared dead hundreds of times by the media"

Raj: @74@"This is a classic tactic by major bulls to absorb supply through media pressure"

Ken: "I remember that in past bear markets, when such headlines appeared, the bottom was near"

Raj: "Yes. This kind of search behavior only appears when the market is extremely desperate"{Chriss:👍}

[第8段]

开始时间: 14:14:50

结束时间: 14:36:20

对话:

Dale: "When retail investors can no longer endure losses and choose to capitulate or search in despair, it often signals selling pressure exhaustion"{Jinglu:👍}

Bruce: "The peak in search volume often resonates strangely with the bottom in price"

Axel: "Watch closely for unusual movements in major capital. It is about time for smart money to step in"

Michael: "Even while prices fall, many tokens are showing abnormal on chain net inflows"

Adel: "This phenomenon already appeared last month. Selling pressure still comes from retail investors"

Mikaelian: "How much supply do retail investors still hold? It feels endless"

Jinglu: @83@"The most obvious case is Binance, which recorded over 3 billion dollars in net inflows last week"

Axel: "Binance inflows are not convincing. It could just be collective retail bottom fishing"

Jinglu: "Not really. Data shows retail total assets are still flowing out. Whales or institutions are absorbing supply"

Sean: @86@"Many are endless bottom fishing cycles. Buy the dip, cut losses, buy again, cut again"

Bruce: "Bitcoin realized losses have reached record highs. The last time we saw this level was during the 2018 and 2020 crashes"

Chriss: @88@"I no longer have illusions about so called smart money. They misjudge trends too and suffer losses or liquidation just like anyone else"

Dale: "Even a giant like MicroStrategy is facing massive losses"

Chriss: "Exactly. Major players are powerless against macro trends"

Mikaelian: "In reality, only the last successful dip buyers are called smart money"

Scott: "Hahaha. Too real"

Raj: "What puzzles me is that so many financial institutions going long still cannot reverse the bear market"

Ken: "Back when Grayscale had an even larger share of holdings, the outcome was the same"

Axel: "We must always respect the trend and respect financial markets"{Michael:👍,Mikaelian:👍,Raj:👏,Jinglu:👏}