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Latest market analytics underscore robust redistribution and accumulation of Bitcoin ($BTC) among investors. As per Glassnode, the Bitcoin market has been experiencing massive accumulation as well as redistribution among investors over the recent 6 months amid the volatile conditions. The blockchain analytics firm took to its official X account to share exclusive insights into the resilient Bitcoin accumulation. Tracking #Bitcoin's cost basis distribution over the past 6 months reveals key accumulation and redistribution trends.A deeper look at how investors adjusted their cost basis provides insight into market positioning during the recent sell-off. 🧵 pic.twitter.com/W9ZkhEz6LS — glassnode (@glassnode) February 27, 2025 $BTC Investors Steadily Accumulate and Distribute Holdings within $60,000-$67,000 Range Glassnode has pointed toward the Bitcoin accumulation that occurred between September and October last year. During the respective period, the top crypto asset went through a strong accumulation within the range of $60,000 and $67,000. Throughout the period between November and February, several Bitcoin addresses saw continued accumulation. Notably, some investors are currently active, raising cost basis. This indicates significant confidence in the long-term value of Bitcoin. The respective development highlights continued engagement among the new accumulators. In this respect, these holders are potentially getting a better position instead of panic selling amid the prevailing price fluctuations. Bitcoin reportedly recorded a wider accumulation period within the price range of $96,000-$98,000. A few investors who purchased Bitcoin within the above-mentioned range have started redistributing the holdings thereof. Even then, this cluster maintains its density. Hence, the persistent supply within the range could present a strong resistance level in the case Bitcoin reclaims the respective price spots in the near term. Latest Market Entrants Show Clear Selling Signals The 1-month data concerning the Cost Basis Distribution of Bitcoin discloses significant overview of the holders. In this respect, a few $BTC holders who bought the assets within the aforementioned range have begun disseminating the respective holdings. Specifically, investors who became a part of the market in February’s start and the previous week, have exhibited indications of selling operations. Nevertheless, the data additionally brings to the front the information about the investors who purchased Bitcoin in the $60,000-$67,000 range. They reportedly acquired Bitcoin in that zone between September and October. At the moment, these holders are engaging at considerably increased price levels. Thus, they are either accumulating more $BTC or increasing cost basis of their holdings. Moreover, the 1-week overview of the CBD indicates the forming of latest demand clusters within the $84,000-$92,000 range. This demonstrates the inclusion of more capital, likely absorbing a part of the latest sell-side pressure.

$TSLA - Finally time to jump back in. Since I still want that lower green box I'm waiting to deploy more capital lower. But I'll grab some here in case it ends up getting front run. Rule of 3 entries helps take the emotions out of buying back.

Former Binance CEO Changpeng Zhao (CZ) has criticized Safe Wallet’s post-mortem update on the Bybit hack, calling it “not that great” and raising concerns about how attackers tricked multiple signers. His comments follow an audit report stating that the breach resulted from a compromise of Safe’s infrastructure rather than the exchange’s systems. Safe’s Response Forensic investigations found that compromised Safe Wallet credentials led to the nearly $1.5 billion Bybit exploit. In a statement on X on Wednesday, the crypto wallet provider confirmed the findings, stating that the hack stemmed from a “compromised Safe Wallet developer machine.” The company highlighted that the reports did not identify vulnerabilities in its smart contracts or front-end source code. It also announced that it had fully rebuilt and reconfigured its infrastructure and changed all credentials, ensuring the attack vector was “fully eliminated.” However, CZ criticized the statement, saying: “This update from Safe is not that great. It uses vague language to brush over the issues. I have more questions than answers after reading it.” He questioned what “compromising a Safe {Wallet} developer machine” meant and how the attack happened, asking whether social engineering or a virus was involved. He also inquired how the developer machine had access to an account operated by Bybit and whether the code was deployed directly to production. Further concerns were raised about how the attackers bypassed Ledger verification, whether blind signing was involved, or if signers failed to verify properly. The Report and Updates On February 26, Bybit released a forensic audit conducted by Sygnia and Verichains about the attack. The audit revealed that Safe developer’s credentials had been compromised, giving hackers access to the wallet’s infrastructure, which led to signers being deceived into approving a malicious transaction. According to the report, the exploit was carried out using “malicious JavaScript code” that had been injected into Safe’s Amazon Web Services system two days earlier. The script activated only when transactions came from specific contract addresses, including Bybit’s multi-sig contract and another address suspected to belong to the criminal. Just two minutes after the hack, the attackers removed the malicious code from Safe’s system and disappeared. Forensic experts and the company have also confirmed that Bybit’s infrastructure was not compromised. Since the incident, Bybit has borrowed 40,000 ETH from Bitget to meet withdrawal demands, which have since been repaid. The firm has also restored its reserves through loans, asset purchases, and whale deposits, securing 446,870 ETH valued at $1.23 billion. CEO Ben Zhou confirmed that the exchange now has 100% backing for client assets. The post CZ Criticizes Safe Wallet’s Post-Mortem on Bybit Hack appeared first on CryptoPotato.

The economic tensions between the United States and the European Union are reaching a new peak. Donald Trump, true to his protectionist policy, has just announced a spectacular increase in customs duties on European exports, bringing them to 25%. A brutal decision that far exceeds the 10% mentioned during his campaign and places Europe in a situation of diplomatic and economic emergency. The major powers of the Old Continent must now face a threat that could redraw global trade balances. From the White House, Donald Trump announced that all European exports would be taxed at 25%, as he claims that “the European Union was designed to annoy the United States.” This incendiary statement, which fits into the lineage of his hostile stance toward Brussels, reinforces a trade policy focused on protecting the American economy. Indeed, the American president had already targeted China, but this time, it is the historical allies of the United States who are to bear the pressure. The economic consequences are expected to be particularly severe for several European nations. Thus, Germany, Slovakia, Ireland, and Denmark are among the most exposed countries. Their dependence on exports to the American market, particularly in the automotive and pharmaceutical sectors, places them on the front lines of potential victims of these new customs barriers . For Brussels, this offensive is nothing less than a frontal attack on the European economy, and the Commission has immediately promised a response commensurate with the challenge. Europe does not intend to endure this offensive without reacting. Moreover, the European Commission has promised a firm and immediate response, although the exact nature of this counter-attack remains uncertain. Several options are on the table: retaliate with targeted taxes on American imports or intensify discussions to try to ease tensions. Europeans know that Donald Trump is a strategist of brutal negotiations, as he regularly uses trade threats as leverage. Behind the scenes, diplomatic efforts are intensifying. European negotiators are already in Washington, seeking a resolution before the implementation of these protectionist measures. Some observers remain cautious, reminding that Canada and Mexico, also threatened by tax increases, have obtained a reprieve. This fuels hope for a possible easing. However, a trade escalation remains a realistic scenario, which could weaken both the European economy and global trade. If this new trade war were to materialize, the repercussions could be considerable for the global economy. An increase in customs tariffs mechanically leads to a slowdown in trade, increased pressure on European businesses, and prolonged instability in financial markets. Brussels must now decide between direct confrontation or a pragmatic compromise. One certainty remains: economic relations between the United States and Europe will never be the same again.

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