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ZEC $334.67 -0.09%
BTC $77,620.71 +1.32%
ETH $2,334.73 +2.10%
BNB $628.25 +0.83%
XRP $1.40 +0.86%
SOL $85.32 +1.84%
TRX $0.3232 -0.11%
DOGE $0.1103 +11.27%
ADA $0.2528 +2.64%
BCH $454.83 +1.55%
LINK $9.38 +1.53%
HYPE $40.54 +1.76%
AAVE $98.06 +0.50%
SUI $0.9334 +0.90%
XLM $0.1642 +0.87%
ZEC $334.67 -0.09%

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Bitcoin failed to break through the resistance level of $80,000, with on-chain indicators showing a mix of bullish momentum and cautious sentiment

Bitcoin fell below $76,000 after failing to break through $80,000, with uncertainties surrounding the reopening of the Strait of Hormuz and the macroeconomic situation unsettling the market.Meanwhile, technical indicators and on-chain data provide mixed signals regarding whether BTC can sustain this round of rebound. Bitcoin recorded a 30% recovery after hitting a low below $60,000 on February 6, but it stalled under selling pressure in the supply zone between $78,000 and $80,000. This range also coincides with the current 20-week exponential moving average (EMA), reinforcing the significance of this resistance level.Michael van de Poppe, founder of MN Capital, stated that the current pullback is "typical behavior" ahead of the FOMC meeting. He added, "I believe we are still in a phase of strong market conditions." On the support side, Bitcoin has tested the support level at $75,500, which also serves as the lower boundary of the 20-day EMA, 100-day EMA, and an upward channel.Glassnode's UTXO Realized Price Distribution (URPD) data shows that direct resistance is around $78,000, where investors hold 335,650 BTC; the average purchase price of about 298,560 BTC is $75,500, forming a key support level.On the on-chain front, Glassnode data indicates that the Bitcoin market exhibits "a coexistence of bullish momentum and cautious sentiment." The spot CVD (Cumulative Volume Delta) rose from $18.3 million to $54.8 million, with an increase of nearly 200% over the past week, reflecting strong bullish sentiment among market participants. However, spot trading volume decreased by 13.8% from $6.95 billion a week ago to $5.99 billion, "indicating a reduction in market activity." During the same period, the number of daily active addresses fell by 1.6%, showing a more subdued network participation.

Sky announces that it is building Laniakea, creating an institutional-grade on-chain capital allocation infrastructure

Sky announced that it is building Laniakea, a standardized infrastructure framework for institutional-level capital deployment, for its Sky Agent Network.Currently, Sky Protocol manages over $11 billion in USDS circulation and generates returns through strategies such as DeFi lending, private credit, and compliant real-world assets. Laniakea will serve as the underlying infrastructure to enhance the scalability and efficiency of capital allocation, further advancing on-chain finance towards institutional levels. The project aims to address the current issue of over $300 billion in idle stablecoins and the lack of unified infrastructure.Laniakea will achieve standardization from four dimensions: smart contracts, risk and governance, data infrastructure, and legal compliance, allowing new capital products to avoid redundant construction of underlying frameworks, thus enabling modular expansion and scalable deployment. At the same time, through unified risk measurement and loss layering mechanisms, it ensures that risks are transparent and responsibilities are clear.Under this framework, Sky Agents (Primes) will develop investment strategies and compete for capital allocation based on unified standards, while specific products (Halos) will quickly land based on shared infrastructure. Laniakea will also encode the entire protocol's operational status in a machine-readable manner, providing a foundation for AI-driven real-time risk control and capital scheduling.As the capital scale expands and returns increase, Sky expects to strengthen the value capture capability of the SKY token through buyback and staking mechanisms.
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