Cryptocurrency analysis platform Santiment examined the recent fluctuations in Bitcoin and altcoins in its weekly market review.
The market is at a critical juncture with the Jane Street case and the upcoming Clarity Act rulings.
The cryptocurrency markets experienced a rather volatile final week of February. According to Santiment data, although Bitcoin (BTC) challenged the $70,000 level during the week, it is preparing to close the week with a 2% decrease at around $65,500.
The most talked-about topics of the week were the investigations into Jane Street and the lawsuits related to the Terraform Labs collapse. Santiment analysts note that attributing the market downturn solely to these lawsuits may be “misleading,” and that the real determining factor is whale behavior.
The market’s focus is currently on March 1, 2026. This crucial date, set by the White House for the Clarity Act, could be a turning point in terms of the legal framework and transparency of cryptocurrencies. Analysts say that the passage of the law would instill confidence in the market and increase institutional interest.
Santiment’s on-chain data reveals an interesting paradox. Small investors continue to enter the market, viewing every dip as a buying opportunity. This is said to create excessive optimism and make a rally more difficult.
Whales holding between 10 and 10,000 BTC have accumulated approximately 15,411 BTC in the last three days, but their overall movement remains cautious.
Although Bitcoin ETF volumes have reached record levels of $23.1 billion, the market is expected to remain in a “calm before the storm” mode until the Clarity Act decision is clarified. Analysts are warning investors that the high positive sentiment (FOMO), especially on the Bitcoin side, could pose a short-term risk.
*This is not investment advice.