El Salvador’s Bitcoin reserves drop nearly $300 million as ETF outflows and sovereign risk concerns increase fiscal pressure.
US Bitcoin ETFs record $410 million in single-day outflows, signaling institutional caution amid broader market weakness.
Regulatory and technical risks intensify, with SHIB breakdown warnings and the Netherlands approving a 36% crypto tax model.
The crypto market is going through selling pressure as macro headwinds, ETF outflows, and regulatory shifts weigh on sentiment. From sovereign Bitcoin exposure to memecoin technical breakdowns and sweeping tax reforms in Europe, here are the top stories for today.
The Bitcoin accumulation strategy of El Salvador faces new challenges as the country has experienced a significant decline in its Bitcoin holdings.
The nation holds 7560 BTC worth around $503 million, according to official data. At Bitcoin’s October 2025 peak, those reserves were valued at approximately $800 million, implying a decline of around $300 million in just four months.
President Nayib Bukele continues to buy one Bitcoin every day because he believes in the country’s future market.
The highest point of credit default swaps on El Salvador's bonds has reached a new record, showing investors' anxiety about the country's increasing debt.
The IMF also approved a 40-month $1.4 billion Extended Fund Facility in February 2025, with $231 million already disbursed.
According to SoSoValue, on February 12, US spot Bitcoin ETFs recorded total net outflows of $410.37 million, with none of the twelve funds registering inflows.
BlackRock’s IBIT led with $157.56 million in outflows, while Fidelity’s FBTC saw a $104.13 million exit.
Despite the recent pullback, cumulative historical inflows remain strong, with IBIT totaling $61.62 billion and FBTC at $10.97 billion.
Total net assets across Bitcoin spot ETFs stand at $82.86 billion, representing 6.34% of Bitcoin’s total market capitalization.
Also Read: Bitcoin Price Trades at $66,400 Amid Consolidation Below $72,000 Resistance
Shiba Inu (SHIB) faces technical pressure after its price dropped below the fundamental support of its weekly chart parallel channel. The memecoin currently trades near $0.00000615, down 2% over the past week.
According to analysts, the channel breakdown will lead to a price drop reaching $0.00000138, which represents a potential loss of more than 70% from current prices.
The pattern shows a long-lasting horizontal market consolidation that has now turned into a downtrend.
The future price movement of SHIB will find its direction through the current market conditions.
Hedera (HBAR) is forming a descending broadening wedge, which functions as a bullish breakout pattern. HBAR currently trades at $0.0923 while facing resistance at $0.0938.
The liquidation data indicate that short positions reach their highest concentration at $0.1012. The price needs to break through that level to activate about $4.34 million in short liquidations, potentially taking the price upward.
The rising correlation between HBAR and Bitcoin functions as a major restriction for the cryptocurrency. HBAR needs BTC to establish price stability, as its breakout thesis depends on it.
Immediate downside risk emerges below $0.0855, with $0.0780 as the next support level.
The Dutch House of Representatives has passed a new tax framework that will impose a flat 36% tax on actual annual gains, including unrealized gains on cryptocurrencies and investments.
The law is set to take effect on January 1, 2028, pending Senate approval.
Under the reform, assets in “Box 3,” including Bitcoin, Ethereum, stocks, and savings, will be taxed annually based on real value changes between January 1 and December 31.
A €1,800 annual tax-free return threshold applies per person, and unlimited loss carry-forward is permitted.
Also Read: Solana vs Ethereum: Which Crypto is Better for 2026?
Coinbase reported weaker-than-expected Q4 earnings as transaction revenue fell below $1 billion.
Coinbase reported total revenue of $1.78 billion, falling short of market expectations of $1.83 billion. The company reported adjusted EPS of $0.66, below the $0.86 consensus estimate.
The company reported transaction revenue of $982.7 million, representing a decline from both Q3's $1.046 billion revenue and the previous year's $1.556 billion revenue.
It achieved subscription revenue of $727.4 million. The firm has generated approximately $420 million in Q1 transaction revenue as of February 10.
The company experienced a slight increase in share prices during after-hours trading, yet its shares have fallen approximately 40% since the start of the year.
1. Why did Bitcoin ETFs see $410M in outflows?
The outflows reflect short-term institutional repositioning amid macro uncertainty and crypto market weakness.
2. How much has El Salvador lost on its Bitcoin holdings?
The country’s Bitcoin reserves have declined by nearly $300 million from their October 2025 peak valuation.
3. Why is SHIB at risk of a major decline?
SHIB broke below a key parallel channel support, which could technically open the door to further downside.
4. What does the Netherlands’ 36% tax mean for crypto holders?
Investors will pay annual taxes on actual gains, including unrealized profits, starting in 2028.
5. Why did Coinbase miss earnings expectations?
Lower transaction volumes and declining crypto prices reduced trading revenue below analyst forecasts.
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