📈 Crypto Market News – February 11, 2026
- Market Overview: Uncharted Territory The crypto market has officially entered "Price Discovery" mode. Following yesterday's historic breach, the global crypto market cap has surged to $3.68 Trillion.
Status: We are witnessing a "Blue Sky Breakout." With no historical resistance levels left above Bitcoin's current price, technical analysts are relying entirely on Fibonacci extensions to predict where the rally might pause.
- Bitcoin (BTC) Trading Above $100k Bitcoin has not only broken $100,000 but is currently trading firmly at $102,400.
Psychology: The psychological barrier has turned into a support floor. "Buy the Dip" orders are stacked heavily at $100,500, suggesting that the market is eager to defend this six-figure status.
- Massive Short Liquidation The move past $100k triggered a massive "Short Squeeze."
Data: Over $1.2 Billion in short positions (traders betting on a price drop) were liquidated in the last 24 hours across major derivatives exchanges. This forced buying frenzy acted as rocket fuel, propelling the price even higher.
- Ethereum (ETH) The "Catch-Up" Play As Bitcoin stabilizes above $100k, capital is aggressively rotating into Ethereum.
Price: ETH has surged to $3,850, up 6% on the day.
Narrative: Investors are betting on the historical pattern where Ethereum outperforms Bitcoin immediately following a Bitcoin All-Time High breakout.
- Retail Frenzy: App Store Rankings A classic retail signal has flashed red: Coinbase has jumped to the #1 Top Free App spot on the US App Store today.
Warning: While this confirms massive new retail inflow, historically, hitting the #1 spot often coincides with local market tops, suggesting extreme caution is warranted for short-term entries.
