Delphi Digital: Since January last year, 97% of altcoins have been in a downward trend, with an average retracement of 78%

PI (Pi) increased by 4.01% in the last 24 hours

Gate News Bot Message, February 26th, according to CoinMarketCap data, as of press time, PI (Pi) is trading at $0.17, up 4.01% in the past 24 hours, with a high of $0.18 and a low of $0.16. The current market capitalization is approximately $1.585 billion, an increase of $61.1 million compared to yesterday. Pi Network is the first digital currency that can be mined on a mobile phone, utilizing breakthrough technology to enable energy-efficient mining on mobile devices. The project adopts a decentralized design, offering a secure, tamper-proof, and interoperable digital currency; it also features a mobile-first approach, supporting mining on phones without draining the battery. The project emphasizes user-friendliness and environmental sustainability, allowing scalable and secure operation without high electricity consumption. Users can start mining for free by downloading the Pi app, requiring only existing network members.

Ethereum surpasses $2000, whales buy over $50 million worth of ETH

Ethereum (ETH) has recently increased by approximately 8%, with several large whale addresses collectively adding over $50 million worth of ETH, indicating active capital replenishment. Additionally, the Coinbase Premium Index turning positive suggests a rebound in demand from US institutional investors, while Ethereum's MVRV ratio has improved from "severely undervalued" to "mildly undervalued." These indicators all signal a rebound in the Ethereum market.

Bitcoin hits $70,000 resistance and pulls back, while altcoins collectively surge, signaling a strong rotation.

Bitcoin has recently failed to break through $70,000, falling back to $68,300, with short-term high-level fluctuations. In contrast, various altcoins are performing strongly, with capital flowing into high-risk assets. The market still faces macroeconomic pressures, liquidity recovery is slow, and there is a risk of further pullbacks, reflecting a divergence between short-term rebounds and medium-term corrections.

Strategy becomes the most shorted stock in the US as Bitcoin recovers around $70,000

Bitcoin's recovery to around $70,000 has not alleviated skepticism, as Michael Saylor's company, Strategy, becomes one of the most shorted stocks in the US, with 14% of its market cap bet against it, reflecting investor caution despite recent cryptocurrency gains.

Monad Co-founder: The conspiracy theory that Jane Street is suppressing Bitcoin below $150,000 is unfounded

Monad Co-founder Keone Hon posted on the X platform to refute the conspiracy theory that Jane Street is suppressing Bitcoin below $150,000, pointing out that the total market position aligns with the total supply of Bitcoin, and any party can decide to short to increase long positions.

The bear market dominates, Toncoin (TON) faces the risk of plunging to lower price levels

The price of Toncoin (TON) remains in a gloomy tone as it continues to plummet below the $1.29 mark at the time of writing on Thursday. Since the beginning of the week, this coin has lost more than 4% of its value, clearly reflecting increasing selling pressure. The weakening of on-chain indicators, combined with data from the market,