On-Chain Data

Bitcoin MVRV Ratio at 1.1 sits just above the long-term undervaluation threshold near 1.0. Previous cycles show sub-1.0 readings aligned with accumulation and multi-year recoveries. The recent peak lacked the extreme MVRV expansion seen in prior euphoric tops. Bitcoin MVRV Ratio at 1.1 i

Sentora’s terse tweet cut through the market noise today. “Both Bitcoin and Ether saw significant outflows from exchange wallets this week, hinting at ongoing accumulation amid price weakness,” Sentora tweeted. The observation reflects a familiar pattern: coins leaving centralized platforms often si

ChainCatcher reports that, according to Arkham data, at 03:45, 248.34 BTC (worth approximately 10.36 million USD) was transferred from Cumberland DRW to an anonymous address (starting with bc1q8q...).

VeChain and Rekord are deploying DPP infrastructure aligned with the EU’s ESPR, which entered into force on July 18, 2024. The EU is expected to deploy a central Digital Product Passport registry by July 2026, ahead of early DPP-related compliance phases scheduled for 2027. VeChain and Rekor

_High IV and ETF outflows signal caution despite early dip-buying attempts._ The crypto assets saw another large options expiry on Friday as the market weakness continues. As per onchain reports, roughly $2.9 billion in Bitcoin and Ether contracts expired as prices remained under strain.

From 2026-02-13 15:00 to 2026-02-13 15:15 (UTC), ETH recorded a +1.49% gain within just 15 minutes, with the price rising from approximately $2,017.15 to $2,047.23. Market volatility was evident, with trading activity and attention increasing in tandem, reflecting the rapid impact of structural capital flows on short-term market movements. The main driver of this anomaly is the continuous inflow of ETF funds, resonating with the synchronized expansion of on-chain stablecoin supply. Data shows that ETH ETF holdings have reached 5.44% of circulating supply,

Gate News bot message, the Mixin hacker who previously stole $200M has become active after 2 years of inactivity, appearing to sell 59,854 ETH worth $117M. 15 hours ago, the hacker sent 2,005 ETH ($3.85M) to CEX. Shortly after, 3 new wallets received 2,087 ETH ($4.03M) from CEX and sold it at $1,933

Odaily Planet Daily reports that according to Arkham monitoring, the Bitcoin mining company supported by the Trump family, American Bitcoin, has holdings that have surpassed 6,000 BTC, currently reaching 6,028 BTC, valued at approximately $403 million.

_Chainalysis reports an 85% rise in crypto flows tied to trafficking networks, with stablecoins widely used in illicit operations._ Crypto payments are playing a growing role in suspected human trafficking operations. New findings from Chainalysis show a sharp increase in digital asset flows

VeChain reported millions of enterprise transactions on VeChainThor in the past few days. The network said one transaction can bundle many “sub-transactions,” lowering fees per action and boosting throughput. VeChain enterprise partners have generated millions of transactions on its network

February 13 News, Bitcoin prices continue to weaken, falling another 1.39% in the past 24 hours, with a total decline of over 30% this month. Against the backdrop of a weak macro environment, on-chain data shows that the concentrated transfer behavior of some whales is amplifying the short-term market volatility risk. The on-chain tracking platform Lookonchain disclosed that a whale address marked as 3NVeXm has been transferring Bitcoin to trading platforms for the past three weeks. Initially, the scale was small, but it has recently accelerated significantly. On February 11, this address transferred 5,000 BTC in one go, followed by an additional 2,800 BTC. Arkham data indicates that these large inflows closely coincide with the decline in Bitcoin prices. Lookonchain pointed out that every time this address makes a transfer, the price quickly drops.

February 13 News, the government of Bhutan has recently conducted Bitcoin transfer operations again. BSCNews citing on-chain data reports that Bhutan has sold approximately $6.7 million worth of Bitcoin, information provided by on-chain analytics firm Arkham. Although "government sell-offs" can easily evoke market associations, in terms of scale, this transfer accounts for only a tiny fraction of the current daily Bitcoin trading volume and has not caused any significant price impact. On-chain tracking shows that Bhutan-related addresses still hold about $372 million worth of Bitcoin assets. This indicates that it is not a full-scale divestment but rather a phased fund reallocation. Since the end of 2025, Bhutan has repeatedly exhibited a similar transfer rhythm, adopting a "partial sale, long-term holding" strategy, demonstrating that it still regards Bitcoin as an important reserve asset.

On February 13, news reports indicated that the US spot Bitcoin ETF experienced a new round of selling. On the same day, Standard Chartered Bank downgraded its price forecast for Bitcoin in 2026, prompting the market to reassess its medium-term outlook. Data shows that on that day, the total net outflow of funds from the spot Bitcoin ETF was $410.4 million, with a total outflow of $375.1 million for the week. If there is no significant rebound afterward, this will be the fourth consecutive week of negative fund flow. The total assets under management of related funds have fallen back to approximately $80 billion, well below the peak of nearly $170 billion in October 2025.

ChainCatcher message, according to Arkham data, at 16:06, 30,000 SOL (worth approximately $2,366,400) was transferred from one anonymous address (starting with E4Cdn3FR...) to another anonymous address (starting with ukXtWU...).

ChainCatcher reports that, according to Arkham data, at 14:46, 676 BTC (worth approximately $44.63 million) was transferred from an anonymous address (starting with 1NdG...) to multiple addresses. Some of the BTC subsequently flowed into Cobo.com.

Due to a lack of investor demand, traders are focusing on concerning US macroeconomic data, and Bitcoin open interest has fallen to $34 billion. Some of the decline is also attributed to forced liquidations, which totaled $5.2 billion over the past two weeks. In the past month, Bitcoin has dropped 28%, gold has regained the $5,000 psychological level, and the S&P 500 is only 1% away from its all-time high.

ChainCatcher reports that, according to Arkham data, at 13:33, 578.45 BTC (worth approximately $38.35 million) was transferred from an anonymous address (starting with bc1qdu3...) to another anonymous address (starting with bc1qkn7...). Subsequently, this address transferred 400.45 BTC to another anonymous address (starting with bc1qggv...).

The net outflow of Ethereum spot ETFs has reached $113.08 million, with Fidelity FETH experiencing the largest outflow at $43.52 million. BlackRock ETHA saw an outflow of $28.96 million, and Grayscale's products collectively saw an outflow of $31.54 million, showing a significant increase.