Eli Ben-Sasson在X平台回顾了加密周期的演变，指出当前的熊市与过去不同，呈现出"传統金融的熊抱"特徵。監管趨暖與金融機構入場擠壓了加密行業的創新精神，但他認為長期自由與創新仍將回歸，推動下一輪發展。

StarkWare首席执行官Eli Ben-Sasson在X平台发布消息，回顾加密周期变化，指出当前熊市特征不同于前轮，受到监管趋暖和金融科技发展影响，虽然短期创新受限，但长期将重拾自由与创新。

Skybridge Capital founder Anthony Scaramucci stated that Bitcoin's current bear market can be explained by the four-year cycle theory, with long-term holders concentrating their selling around $100,000. He predicts Bitcoin will resume its rally in Q4 2026, initiating a new bull market cycle. Institutional investors and ETF capital inflows have dampened the four-year cycle, but have not completely eliminated its pattern.

Bitcoin recently broke through $74,000 briefly but pulled back to around $70,800 due to selling pressure from short-term holders. Although prices show an upward trend, they face structural resistance, and the current movement looks more like a bear market rally than a bull market launch. If unable to effectively resist selling pressure, it may break below the $70,000 support level. The market is still waiting for clearer signals.

分析師Tom Lee在CNBC表示，標普500指數將在未來幾週繼續上漲，預計會創下新高，但今年美國股市最終將進入熊市。他指出，空頭可能在年底全面發力，並認為油價上漲對美國經濟有利，資金會回流美國。

Greeks.live predicts that on March 13th, a large number of BTC and ETH options will expire, with decreasing market rebound momentum and extremely low trading activity. Options data indicates the market is in a wait-and-see state, still in a bear market, and the recent AI hype has failed to improve the situation.

2月24日消息，比特币礦機製造商 Canaan 宣布斥資約3975萬美元，收購 Cipher Mining 在美國德克薩斯州三處比特幣礦場項目中的49%股份，進一步擴大其在北美比特幣挖礦基礎設施與能源資產領域的戰略版圖。此次交易涵蓋 Alborz LLC、Bear LLC 與 Chief Mountain LLC（統稱ABC項目），交易完成後，可再生能源基礎設施公司 WindHQ 仍持有51%控股權。

嘉楠科技宣布收購Cipher Mining旗下Alborz、Bear和Chief Mountain項目49%股權，交易金額約3975萬美元，電力容量合計120 MW，算力約4.4 EH/s，並回購6840台礦機。

Foresight News 消息，谷歌上「比特幣熊市（Bitcoin bear market）」詞條搜尋量創近 5 年來新高。

BlockBeats 消息，11 月 25 日，據 unchainedcrypto 報道，Berachain 在其他投資方不知情的情況下，授予了其 B 輪融資領投方之一的 Brevan Howard「在 TGE 後無風險被退還投資款」的權利。據悉，Berachain 累計融資至少 1.42 億美元，其代幣在上輪融資估值達 15 億美元，該輪融資由 Framework Ventures 與 340 億美元對沖基金 Brevan Howard 加密部門旗下的 Nova Digital 基金共同領投。一位要求匿名的前員工回憶，化名「熊爸爸」（Papa Bear）的 Berachain 聯合創始人曾指