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Bitcoin ETFs record $3.8 billion in five-week outflows while Binance stablecoin reserves drop 19%, signaling tightening liquidity.
Canaan acquires a 49% stake in Texas mining ventures for $39.75 million, adding 120MW capacity and 4.4 EH/s hashrate.
SUI slides 83% from peak, while Cardano’s weighting in Grayscale’s smart contract fund rises above 20%.
The crypto market saw major developments through institutional repositioning, liquidity shifts, corporate expansion and token-specific volatility. From mining consolidation in Texas to sustained ETF outflows and weakening exchange reserves.
Canaan Inc. has acquired Cipher Mining’s 49% stake in three operational Bitcoin mining joint ventures in West Texas in a transaction valued at approximately $39.75 million.
The deal was structured through the issuance of 806,439,900 Class A shares, equivalent to 53,762,660 American Depositary Shares (ADS) priced at $0.7394 per ADS, subject to a six-month lock-up.
Canaan also repurchased 6,840 mining rigs previously sold to Cipher in 2025. Earlier this month, Canaan reported $196 million in Q4 revenue, up 121% year-over-year.
Despite operational momentum, its Nasdaq-listed shares are down 41% over the past month.
Over the past five weeks, investors have withdrawn nearly $3.8 billion from spot Bitcoin ETFs, the longest outflow streak since early 2025.
Yesterday alone, Bitcoin spot ETFs recorded a $203.82 million net outflow, according to SoSoValue.
BlackRock’s IBIT led redemptions with $116.44 million in daily outflows. VanEck’s HODL was the only fund posting a net gain on the day, adding $6.35 million.
Total Bitcoin ETF assets stand near $80.74 billion, representing about 6.26% of Bitcoin’s market capitalization.
Also Read: Bitcoin Price Trades at $63,298 Amid ETF Outflows and Market Uncertainty
Binance’s stablecoin reserves have declined 18.6% since November, falling from $50.9 billion to $41.4 billion, according to CryptoQuant.
Exchange stablecoin balances often act as a proxy for deployable liquidity. A drop typically suggests capital is exiting crypto markets.
The total stablecoin market cap has plateaued around $300 billion, according to DeFiLlama, following two years of 150% growth.
Meanwhile, CME data suggests a 95.5% probability that the Federal Reserve holds rates steady in March, limiting near-term liquidity catalysts.
Layer-1 token SUI remains under heavy technical pressure. The asset has dropped to around $0.90-$0.94, down roughly 83% from its $5.35 all-time high.
February alone saw a 47% decline, with only eight positive daily sessions in the past month.
Technical indicators show oversold conditions, with a Money Flow Index near 19 and RSI around 33, yet trend indicators such as the Average Directional Index above 30 confirm dominant bearish momentum.
A break below $0.86 could expose the next support near $0.79, while bulls must reclaim the $1.00-$1.10 range to shift structure.
Grayscale has steadily increased Cardano’s (ADA) weighting to 20.20% in its Smart Contract Platform Select Capped Index (SCPXC), up from 18.55% at the start of the year.
At one point in February, ADA’s allocation briefly reached 20.34% before settling slightly lower. This consistent upward adjustment suggests growing institutional comfort with Cardano’s role in the smart contract ecosystem.
ADA now ranks as the third-largest holding in the fund, behind Solana (28.53%) and Ethereum (28.39%), and ahead of Hedera, Avalanche and Sui.
The fund currently manages around $1.8 million in assets, with a net asset value of $5.81 per share.
Also Read: Ethereum Nears a Possible Bottom as Realized Price Signals Support: What’s Next?
Polymarket users bet $3 million on ZachXBT's Feb 26 report, predicting crypto firms' exposure to meme coin market structure issues.
Meteora leads with 43% odds as the top Solana-based liquidity layer suspect, while Pump.fun sees the highest $332,000 two-way betting volume.
Market prices speculation without public evidence, with World Liberty Financial denying allegations despite persistent betting.
Final Polymarket odds shifts and pre-report volume spikes will signal market conviction before the investigation's public impact.
1. Why are Bitcoin ETFs seeing outflows?
Institutional investors are reducing risk exposure amid macro uncertainty and tightening liquidity conditions.
2. What does Binance’s reserve decline indicate?
It suggests lower on-exchange liquidity and potentially reduced investor readiness to deploy capital.
3. Why did Canaan acquire Texas mining assets?
The deal strengthens its U.S. energy integration strategy and expands operational hash rate capacity.
4. Is SUI’s 83% decline signaling a reversal?
Despite oversold indicators, the technical structure remains bearish unless key resistance levels are reclaimed.
5. Why is Cardano’s allocation rising in Grayscale’s fund?
Institutional rebalancing reflects confidence in ADA’s smart contract ecosystem and long-term infrastructure role.
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