Crypto Daily Report 02.27: Continuous Inflow into Bitcoin ETF Funds, Trump-Linked Mining Company Huge Losses, Lighter Exchange Flash Crash Incident, and 401#深度创作营 k( Regulatory Relaxation

1. Bitcoin ETF and Related Cryptocurrency ETF Fund Inflows
1. US spot Bitcoin ETFs experienced significant fund inflows during a specific period, with monitoring data showing a net inflow of 5847 Bitcoins.
2. Ethereum ETF and Solana ETF also recorded inflows, totaling 51705 and 325262 coins respectively, reflecting market demand for mainstream crypto ETFs.
2. Quarterly Financial Losses of Trump-Family Supported Crypto Mining Company
1. The publicly traded company supported by the Trump family, American Bitcoin, reported a net loss of $59.45 million in Q4 2025, turning from profit to loss, with revenue of $78.3 million (up 22% quarter-over-quarter), below market expectations.
2. The company's Bitcoin reserves increased to over 6,000 coins, with mining costs 53% lower than spot prices, but a decline in Bitcoin fair value on the balance sheet caused large non-cash losses, resulting in an annual net loss of $153.2 million.
3. Bitcoin Price Anomalous Volatility Event
1. Bitcoin on the decentralized perpetual contract exchange Lig was wiped out by a sell order of about 10,000 BTC worth approximately $67 million due to low liquidity, causing the price to plummet from around $64,000 to $48,000 in seconds before quickly rebounding.
2. Amid a market rebound, Bitcoin subsequently fell from $70,000 to below $67,000, influenced by US tech earnings reports (e.g., Nvidia down 4.8%), shifting market sentiment to cautious.
4. Wallet/DeFi Yield Function Launch
1. Telegram's built-in crypto wallet, TON Wallet, introduced on-chain yield options, allowing users to deposit Bitcoin, Ethereum, and USDT into "treasuries" to participate in floating yield strategies, with integrations from institutions like Morpho, TAC, Re7.
2. The USDT strategy offers an annualized yield of up to 18%, supported by Re7 DeFi strategies, providing users with low-threshold crypto asset income channels.
5. Regulatory Policy Adjustments for Cryptocurrency in the US 401)k( Plan
1. The US Department of Labor revoked the restrictive guidelines from 2022 on the use of crypto assets in retirement plans, adopting a principles-based neutral standard, allowing trustees to decide on including crypto assets based on risk-return assessments.
2. Executive Order No. 14330 by the Trump administration classified crypto assets as alternative assets, promoting 401)k( plan investments. The proposed rules are expected to clarify safe harbor standards for trustees, accelerating institutional fund inflows.
6. Large Bitcoin and Ethereum Options Expiring Soon
1. According to Deribit, about $8.8 billion in crypto options will expire this Friday (February 27), including $7.8 billion in Bitcoin options, with a put/call ratio of 0.76 and a maximum pain point at $75,000; Ethereum options worth $961 million, put/call ratio 0.77, maximum pain at $2,200.
2. Call options dominate open interest, with Bitcoin settlement volume significantly higher than Ethereum, potentially impacting short-term price volatility.
7. Bitcoin Leverage Rises to Highest Level Since November Last Year
1. Reports indicate Bitcoin leverage has risen to its highest since November last year, driven by a price decline faster than active deleveraging, signaling increased market pressure from "passive leverage."
2. Analysts suggest that rising passive leverage may indicate a short-term bottom formation, as deleveraging slows and liquidity begins to consolidate, with attention needed on subsequent deleveraging processes.
8. Short-Term Market Outlook and Dynamics
1. The prediction platform Polymarket launched a forecast event on February 26, 10:25-10:30 AM Eastern Time, for Bitcoin price movements, providing a speculative channel for short-term price trends.
2. As a decentralized prediction market, the platform reflects market sentiment expectations regarding short-term crypto asset volatility.