TechFlow news: According to a latest report from QCP Capital, Bitcoin failed to break through the resistance level of $99,000, triggering broad market sell-offs and dropping prices to a daily low of $95,600. After three consecutive days of declines, uncertainty about the cryptocurrency market outlook remains high.
The report highlighted that BERA token's listing on Binance was yesterday's key market event, with its price surging initially to a high of $15.50 before falling back to $7.60. The listing attracted substantial liquidity, placing downward pressure on other tokens.
On the regulatory front, the SEC is downsizing its cryptocurrency enforcement division to pave the way for establishing a new crypto-focused task force. Meanwhile, the FDIC is reviewing banking guidelines to consider permitting U.S. banks to offer cryptocurrency custody and "tokenized deposits" without requiring prior approval.
In the options market, traders are showing strong interest in Bitcoin put options at $80,000 expiring on February 28 and $90,000 puts expiring on February 21, reflecting ongoing market caution, although skew positioning still leans toward call options.
