Huoxun Finance reported on February 15th that, according to CNBC, although Bitcoin prices have fallen nearly 50% since hitting an all-time high of $126,000 last October, sparking concerns about another "crypto winter," ETF experts say that outflows from spot Bitcoin ETFs are mainly from hedge funds and short-term traders, rather than a large-scale exodus of long-term investors. Bitwise Chief Investment Officer Matt Hougan stated that ETF investors are not the main force behind the sell-off; market pressure primarily comes from long-term crypto investors and short-term traders using ETFs as a tool. Galaxy CEO Mike Novogratz pointed out that the "speculative era" in the crypto market may be ending, and future returns will be closer to long-term investments, "which will be real-world assets with much lower returns." GraniteShares founder and CEO Will Rhind stated that the current period is difficult for Bitcoin investors, especially with the strong performance of "hard assets" such as gold and the continued decline in Bitcoin, shaking the foundation of the "digital gold" narrative. However, he pointed out that if investors generally capitulate, the outflows over the past three months should be close to the inflow levels of the past year.

Huoxun Finance News, February 15th - According to an analytical model released by CryptoQuant analyst Darkfost, an indicator built on Bitcoin's four-year Simple Moving Average (SMA) has entered bear market territory. This indicator measures Bitcoin's valuation using standard deviation and SMA multiples: a higher multiple indicates greater overbought conditions, while the closer the price is to the four-year SMA, the lower the valuation. Currently, Bitcoin's price has fallen back into the green zone and is approaching the four-year SMA level, which is currently around $57,500. Historically, this level typically marks the final stage of each bear market, with BTC prices often consolidating in this area for several months. Darkfost stated that he generally does not favor moving average-based models but believes this indicator is worth paying attention to.

According to OnchainLens monitoring, a whale deposited 1,536 ETH (approximately $3.07 million) into Kraken after holding the tokens for 3-4 years, making a profit of $1.95 million. This whale initially withdrew 2,747 ETH (approximately $3.22 million) from Kraken.

Huoxun Finance reported on February 15th that, according to a post by Frank Chaparro, Project Director of TheBlock, Wells Fargo posted a Head of Digital Asset Services position four days ago. Responsibilities include developing a three- to five-year strategy covering tokenized deposits, on-chain collateral, intraday liquidity, and 24/7 programmable payments—with full integration with wire transfers, ACH, RTP, FedNow, and SWIFT. Shortly before this, Morgan Stanley and JPMorgan Chase also hired senior leaders in the cryptocurrency field.

According to a report by Jinshi Finance on February 15th, Nick Timuraos, a vocal advocate for the Federal Reserve, wrote that key indicators of the US economy are pointing in the same positive direction: inflation is declining, the labor market remains strong, and economic growth is solid. This is not a definitive conclusion, but it represents the closest the US economy has ever come to a soft landing (i.e., curbing inflation while avoiding a recession). Just four years ago, many economists thought this was impossible. Now, the scenario of the US economy bringing inflation back to the Fed's 2% target without falling into recession is once again credible. However, even without oxygen masks, it's too early to unfasten the seatbelts. The Fed's preferred inflation gauge, the core PCE annual rate, is currently close to 3%, and many forecasters predict that inflation will struggle to make significant progress this year as tariff-related price increases spread further. Meanwhile, the labor market may not be as robust as last week's report suggested. Payden & Rygel's chief economist, Jeffrey Cleveland, stated that objectively speaking, the labor market has been weak, and the unemployment rate is more likely to rise than fall this year.