The post Bitcoin Price Rebounds Above $69k: Here are Two Reasons Why BTC May Rally to $85k Before $58k appeared first on Coinpedia Fintech News

Bitcoin (BTC) price has rebounded towards $70,000 on Tuesday, February 10, during the North American session. The flagship coin rebounded from a demand zone around $68.5k in the past two days, thus aiming to retest its supply zone around $71,250. 

Nonetheless, Bitcoin price has suffered a significant decline in its Open Interest (OI), thus fueling the bearish sentiment. According to market data from CoinGlass, BTC’s OI has dropped from above $90 billion in October 2025 to hover about $45.7 billion at press time.

Two Main Reasons Why Bitcoin Price May Retest $85k

Renewed interest from whales

According to onchain data analysis, Bitcoin whales with an account balance of above 1000 BTC have been accumulating year-to-date. Moreover, Bitcoin addresses with an account balance of 1000 have surged by 50 in the past few weeks.

Source: X

With onchain data showing the retail traders still reluctant to buy BTCs at current levels, amid extreme fear of further capitulation, the odds of a Bitcoin price rebound remain palpable.

BTC Price Aims to Fill Unfilled CME Gap

The main reason why Bitcoin price may rebound to $85k is due to its unfilled gap above $79k and below $85k. Historically, any gap in the Bitcoin CME Futures formed has been filled.

With the BTC price forming a potential bull flag after a notable selloff to around $60k, the flagship coin is likely to rally towards $85k soon.

What’s the Bigger Picture?

Although BTC price may rebound towards $85k soon, the intense fear of further capitulation is palpable. Furthermore, more crypto traders are predicting a similar Bitcoin capitulation in the coming weeks to the 2022 bear market.

Source: X

The post Crypto Rout Rises as Vitalik Buterin Advocates For Privacy in DeFi appeared first on Coinpedia Fintech News

The crypto market rout has intensified with heavy liquidation amid low liquidity. Although the Bitcoin (BTC) price has rebounded above $70,000 on Monday, February 9, the derivatives market has signaled further weakness due to the falling Open Interest (OI) in the recent past amid a negative funding rate.

Fed’s Waller Blames Stalled Clarity Act for Low Crypto Adoption

According to Federal Reserve governor Christopher Waller, the stalled Clarity Act has led to low traction in crypto adoption in the United States and, by extension, globally. Waller stated that his plan for Fed Skinny accounts has not prevented lawsuits tied to the crypto industry.

As such, Waller concluded that the initial enthusiasm tied to President Donald Trump is fading fast. 

Buterin Advocates for Privacy to Catalyze Mainstream DeFi Use

Amid the low crypto liquidity and heavy liquidation in the recent past, Ethereum cofounder Vitalik Buterin has urged the use of privacy-centric DeFi projects to catalyze the mainstream adoption of digital assets and web3 protocols. Furthermore, Buterin believes that self-sovereignty is the holy grail to catalyze organic adoption of digital assets and web3 protocols.

Already, institutional investors and regulators have turned to the use of privacy-centric technologies led by Zero Knowledge (ZK). Moreover, institutional investors seeking to tokenize real-world assets (RWA) have been increasingly adopting privacy-centric DeFi protocols and chains.

Circle Internet Group Inc. (NYSE: CRCL) has led many web3 companies in doubling down on privacy-centric solutions. For instance, XION (XION), a small-cap layer one blockchain backed by Circle, has over 150 brands led by Uber, Amazon, and BMW, thus engaging more than 4 million global organic users. Earlier on Monday, XION announced the launch of its ZK and DKIM modules to pioneer privacy in email messaging.