KOMPUTER JADUL-, The crypto market has continued to decline in the last few days. This is reflected in the overall performance of the categories, the majority of which are in the red zone in the last 24 hours.
Based on coinglass.com today (27/2/2025) at 06:23 WIB, it was observed that of the 25 categories in circulation, 20 of them are in the red zone, one category is in the neutral or stagnant zone, and four of them have strengthened in the last 24 hours.
The category with the deepest depreciation ever was DePIN with ZBCN and TAO cryptos, each of which weakened by more than 8%. Meanwhile, the category with the highest appreciation was AI Agents with an increase of 2.83% with SWARMS and COOKIE cryptos strengthening by tens of percent.
Categories that Strengthened and Weakened in the Last 24 Hours (%)
Crypto Market on Fire
Bitcoin enthusiasts are feeling the pressure amid rising macroeconomic concerns. BTC fell below $90,000 for the first time since November, dropping more than 7% to around $89,000 since last week. It was below $85,000 as of today.
Analysts point to a combination of factors driving the decline. US President Donald Trump’s plans to continue imposing high tariffs on imports from Canada and Mexico have raised concerns that the move could escalate into a full-blown trade war, increasing economic uncertainty. This has triggered a wave of Bitcoin selling, which has dented consumer confidence in the cryptocurrency.
The market is also closely watching and noting that the rise in blockchain adoption may not be happening to native crypto tokens like Bitcoin. Instead, the market is seeing stablecoins gaining real utility as they offer a much cheaper and much easier alternative to traditional financial instruments. If the lack of blockchain adoption disrupts the financial ecosystem through these stablecoins, Bitcoin will face further challenges.
In addition, the sell-off in Bitcoin Spot ETFs in recent days has also further depressed BTC prices.
The 11 US spot Bitcoin ETFs experienced their largest daily net outflows in history on February 25, reaching $937.9 million, as Bitcoin continued to fall below $90,000.
The record outflows from ETFs came as Bitcoin (BTC) prices fell 3.4% in a day, falling to a 24-hour low of $86,140 after previously hitting an intraday high above $92,000.
The Fidelity Wise Origin Bitcoin Fund (FBTC) recorded the largest outflow of the day with a new record of $344.7 million, while BlackRock's iShares Bitcoin Trust (IBIT) followed with outflows of $164.4 million.
Grayscale saw combined net outflows of $151.9 million, with $66.1 million coming from the Grayscale Bitcoin Trust (GBTC) and $85.8 million from the Bitcoin Mini Trust ETF (BTC).
Overall, about $2.4 billion has flowed out of the 11 ETFs so far this month, with just four days recording net inflows in the same time period.
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