Bitcoin Rally, Trump’s Crypto Summit & ETF Buzz
El Salvador Defies IMF Pressure; South Korea Eyes Bitcoin ETF Approval
TL;DR – Crypto Insights at a Glance
Bitcoin Exchange Flows: Bullish outflows, aiming for $95K–$100K.
ETH Update: Hedge funds increase short positions, but institutional interest remains.
Trump's Crypto Summit: Coinbase & Chainlink execs head to the White House.
Regulations: U.S. Senate overturns IRS digital asset reporting rule.
El Salvador: Bukele continues BTC buys, doubling down on Bitcoin adoption.
Asia ETFs: South Korea could follow Japan in approving a Bitcoin ETF.
Mining News: Hut 8 expands BTC reserves with $80.7M in quarterly revenue.
Price Update
Bitcoin Exchange Flows Reveal Mixed Signals, Hinting at Bullish Potential
Bitcoin’s price movement continues to command attention, with recent exchange flow data reflecting a divided market sentiment. On February 25, approximately 8,4K BTC flowed into exchanges, signaling sell pressure and triggering an 8% price drop. But just one day later, a sharp reversal occurred as outflows surged, marking a shift toward long-term holding. The market has since seen six consecutive days of outflows, a trend historically linked to bullish momentum and significant reversal points.
Despite this bullish indicator, caution persists. Profit-taking is evident around the $87K resistance level, where 900,000 wallet addresses holding 662K BTC could exert selling pressure. Additionally, Trump’s recent comments on market manipulation have complicated the short-term outlook.
Ethereum Struggles Amid Hedge Fund Shorting and Regulatory Angst
Ethereum continues to face heavy selling pressure, with hedge funds scaling up short positions. High staking inflows and increased network participation seem to have done little to offset bearish sentiment driven by fears surrounding SEC enforcement and questions about Ether’s classification as a commodity.
One bright spot? Institutional appetite for ETH-based financial products remains consistent, even amid growing concerns around staking yields and regulatory headwinds. Analysts are closely watching for signals of potential Ethereum ETF approval, which could act as a powerful short-term catalyst.
Market Trends
South Korea Considers Spot Bitcoin ETF Approval
Asia is setting the stage for the next wave of institutional crypto adoption. Following Japan's approval of Bitcoin ETFs, South Korean regulators are reportedly reviewing proposals for spot ETFs—a move that could unlock billions in fresh institutional capital. South Korea is already one of the most active crypto trading markets, and this step could cement Bitcoin’s legitimacy as an asset class across the region.
Crypto Social Medias have been buzzing about this, with users hailing it as a potential “game-changer for Asian markets.” Memes about South Korea becoming "the next El Salvador” flood Reddit threads, emphasizing how global forces continue to shape adoption narratives.
El Salvador Doubling Down on BTC Despite IMF Warnings
President Nayib Bukele remains undeterred, reaffirming El Salvador’s commitment to its one Bitcoin per day buying strategy. The country now holds over 2,7K BTC in its reserves. Critics from global financial institutions like the IMF argue that El Salvador’s approach is too risky, but recent reports show increased tourism and tech investments linked to Bitcoin-related initiatives. Enthusiasts on Telegram praise Bukele as a pioneering leader, inspiring other nations facing economic struggles.
Hut 8 Mining Expands Bitcoin Reserves Amid Revenue Surge
Crypto mining giant Hut 8 reported $80.7M in revenue, pointing to increased efficiency in both mining operations and competitive energy pricing. The company added more BTC to its reserves, bringing its holdings to 10,171 BTC. This growth comes as regulatory pressures on the mining sector—including ESG compliance—intensify. Analysts note that firms like Hut 8 are positioning themselves as long-term BTC holders before halving events in 2026.
Legal & Regulatory News
U.S. Senate Blocks Controversial IRS Crypto Reporting Rule
The U.S. Senate overturned an IRS proposal requiring stricter tax reporting for digital asset transactions—a significant win for crypto advocates pushing for clearer and fairer frameworks. The legislation was criticized for being overly burdensome, particularly for miners and decentralized networks. Reddit threads celebrated the decision, with users posting gifs captioned “Wen innovation?”
However, with some lawmakers calling for more comprehensive regulations, the crypto tax debate is far from over.
Trump’s Crypto Summit Signals U.S. Shift in Digital Asset Prioritization
President Donald Trump hosted a landmark crypto summit last week, drawing key players like Coinbase CEO Brian Armstrong and Chainlink’s Sergey Nazarov to the White House. Topics included CBDC (Central Bank Digital Currency) opposition, the role of decentralized finance (DeFi) in innovation, and future regulatory clarity.
Trump’s self-styled brand as the “first crypto president” has sparked debate, with some bullish voters seeing this as a step toward U.S. dominance in blockchain tech. Crypto Influencers argue that such moves could make crypto regulation a central topic in the upcoming election cycle.
Don't Miss Anything
Is $300K Bitcoin Possible? Analysts Speak Out
There’s growing chatter about six-figure Bitcoin targets, with some analysts identifying an inverse head and shoulders breakout pattern on weekly charts. X (Former Twitter) threads and Discord servers are flooding with posts celebrating the prospect of a $300K Bitcoin (“wen moon?” memes are back!). However, skeptics argue that macro uncertainty, central bank policies, and exchange liquidity issues remain barriers in the short term.
Crypto markets are heating up, with a mix of regulatory progress, technical setups, and institutional moves shaping the landscape. To thrive in volatility, stay informed, stay cautious, and stay bold. See you in tomorrow’s newsletter for the latest developments!
