crypto asset management company Bitwise has announced the launch of digital asset model portfolio solutions (Model Portfolio Solutions), supporting institutional users to incorporate digital assets into client portfolios through ETFs, tailored for different types of investors and risk preferences. The "core" portfolio offers broad investment in the crypto ecosystem, while the "thematic" portfolios are suitable for those who want to fine-tune their investment direction and focus on specific themes (such as stablecoins, tokenized products, or crypto assets other than Bitcoin).

 according to on-chain analyst Yu Jin's monitoring, Ethereum treasury company BitMine continues to buy to lower the average price: purchased 20,000 ETH (46.04 million USD) through FalconX.

 Yi Lihua, founder of Liquid Capital (formerly LD Capital), posted on social media stating that as bulls in this round, we still have a positive outlook on the new bull market performance: ETH reaching above $10,000, BTC exceeding $200,000. Liquid Capital has only made some adjustments to control risk and has not changed its expectations for the future big bull market. Understanding everyone's disappointment with the industry and leaders, especially the liquidity shortage and manipulation by some platforms caused by the 1011 incident, but I believe the long-term trend of the cryptocurrency industry remains unchanged. Now is the best time to buy spot assets, calculated based on investment returns over the next three years. Volatility is the biggest characteristic of cryptocurrencies; historically, countless bulls have been thrown off by this volatility, but it is often followed by a doubled rebound.

stock price of Strategy (MSTR) has fallen for seven consecutive months, dropping 7% in early February, and is expected to record a negative return for the eighth consecutive month. The company's stock currently trades at around $141, down about 75% from the all-time high of $540 reached in November 2024. Throughout 2025, Strategy's stock price fell 48%, marking the second worst annual performance after the 75% decline in 2022. As the world's largest publicly traded Bitcoin holder, Strategy's net asset multiple (mNAV) is currently 1.09, still allowing it to continue purchasing Bitcoin through stock sales. However, if the stock price falls further causing the mNAV to drop below 1, the company may be forced to suspend its Bitcoin purchasing plan.

Federal Reserve Governor Mihan stated that the Federal Reserve needs to cut interest rates by about 1 percentage point this year.

according to Onchain Lens monitoring, Huang Licheng's ETH (25x leverage) and HYPE (10x leverage) long positions have once again faced partial liquidation. Huang Licheng still holds these positions, with cumulative losses exceeding 26.23 million USD.

 according to CoinDesk, that Switzerland's largest bank UBS Group increased its holdings by 3.23 million shares in the Bitcoin reserve company Strategy, bringing its total holdings in Strategy to 5.76 million shares (valued at $805 million).

 according to OnchainLens monitoring, a newly created wallet address withdrew 380.38 BTC from Binance, worth approximately 29.77 million USD.

Wintermute posted on X stating that it is clear we are already in a bear market, and in fact, it has lasted for some time—especially judging by the performance of altcoins, the extreme concentration of rebounds, and market sentiment on X. However, what makes this bear market different is that it was not triggered by structural collapses like FTX, Luna, or 3AC, but rather driven by macroeconomic conditions and cyclical trend changes, representing a relatively natural deleveraging process, with the core driving forces being changes in positions, risk appetite, and market narratives.

This is very important. Since there have been no bankruptcies or systemic contagion, this cycle may end faster than previous bear markets. The infrastructure is more robust, stablecoin adoption is still growing, and institutional interest has not disappeared but has temporarily taken a wait-and-see stance. Once the environment improves, attention and funds are likely to return quickly—most likely in the second half of 2026, when macro uncertainty decreases and the Federal Reserve's policy path becomes clearer.

In the short term, positions have clearly lightened after liquidations, but market confidence remains insufficient. After two months of range-bound fluctuations, we have returned to a price discovery phase. It is still too early to talk about any meaningful upward trend, but if it occurs, its shape may be clearer than the reversals seen in previous bear markets—because this time, the crypto ecosystem has not suffered structural damage.

 according to Cointelegraph, stablecoin issuer Tether announced a collaboration with the browser Opera to expand support for USDT and Tether Gold (XAUT) in its self-custody wallet MiniPay based on the Celo blockchain.

This initiative aims to provide millions of users in emerging markets such as Africa, Latin America, and Southeast Asia with a stable value storage and payment channel based on the US dollar.