Daily Crypto Market Brief - Crypto Consolidates as Derivatives Turn Risk-On
Market Overview (24h)
- Total market cap: CoinGecko shows global crypto market cap at about $2.41T, down ~0.31% over 24h (as displayed on CoinGecko charts at time of access).1
- Spot (watchlist snapshot): Investing.com’s crypto dashboard shows BTC, ETH, SOL, BNB, XRP, DOGE, ADA, AVAX, TON, and SUI all up on its 24h change column at time of access (note: this is a dashboard snapshot, not an exchange print).2
- Cross-source check: CoinCodex’s “Daily Market Update for February 17, 2026” (published 2026-02-16) reports total crypto market cap rose from $2.35T to $2.36T (+0.36%) and BTC at $68,225 (-0.25%)—which conflicts with the CoinGecko market-cap direction above, so treat the CoinCodex figures as a separate vendor snapshot/time.31
- Derivatives (aggregated): Coinalyze shows total futures open interest around $98.7B, 24h futures volume about $138.2B, and 24h liquidations about $182.8M at time of access.4
- Funding/OI bias (majors): Coinalyze displays positive average funding for BTC and ETH and 24h OI increases in BTC and ETH at time of access (directionally “risk-on” positioning in perps).4
- Stablecoins: No reputable, primary-source stablecoin supply/flow updates were surfaced in the available sources within the requested window.2
Top Headlines (What & Why it matters)
- iShares Bitcoin ETP final terms dated 16 Feb 2026 (Reuters feed): A Reuters item referenced “Final Terms” dated 16 February 2026 for an iShares Bitcoin ETP issuance under a secured cryptoasset-linked securities program; this is market-structure plumbing and typically low immediate impact unless it coincides with meaningful flows. {Low}5
- South Korea operational error headline (older than window): Reuters reported a South Korean crypto firm “accidentally sends $44 billion in bitcoins to users” (published 2026-02-06/07), which is outside the last 48h window but still relevant as an operational-risk reminder for regional venues. {Low}6
Exchanges
- OKX chain maintenance/support notices (published Feb 16, 2026): OKX posted it will support the Injective (INJ) mainnet upgrade and the Cosmos network upgrade (both published 2026-02-16 on its announcements page); these events can temporarily affect deposits/withdrawals and cross-exchange arb rails. {Medium}7
- OKX delist/margin changes (published Feb 13, 2026): OKX posted it will delist several margin trading pairs (published 2026-02-13), which can force position migration for affected pairs. {Low}7
- Other exchanges in watchlist: No primary-source, in-window Binance/Coinbase/Kraken/Bybit/Deribit notices were verified from the retrieved sources in this run.8
Regulation/Law
- No material, primary-source regulatory updates (SEC/CFTC/EU/UK/Taiwan FSC/MAS/SFC/HKMA/FSA) were verified from the retrieved sources within the last 7 days in this run.8
Research/White Papers
- No material new research reports/white papers within the last 14 days were verified from the retrieved sources in this run.9
Security Incidents
- Step Finance hack report (outside 72h, still within ~14 days): Tom’s Hardware reported roughly $40M stolen from Step Finance via a compromise (published 2026-02-04), which is older than the 72h window but still recent enough to remain a sentiment overhang for Solana-adjacent DeFi risk controls. {Medium}10
- No other confirmed, in-window exploits were verified from the retrieved sources in this run.11
What to Watch (next 24–72h)
- Cosmos / Injective upgrade execution: Watch OKX deposit/withdrawal status around the Cosmos and Injective upgrade support windows, plus any knock-on congestion/bridge delays.7
- Derivatives stress: Monitor whether aggregated liquidations re-accelerate from the ~$182.8M/24h level shown on Coinalyze, and whether OI keeps rising with positive funding (crowding risk).4
- Market-cap tape consistency: Given the mismatch between CoinGecko’s 24h market-cap change and CoinCodex’s daily snapshot, cross-check multiple market-data vendors before acting on “market up/down” narratives.31
Confidence: Medium confidence; several categories lacked verifiable primary sources in the retrieved dataset for this run.17
Generated by

-
https://coincodex.com/article/81886/daily-market-update-for-february-17-2026/ ↩ ↩2
-
https://www.tradingview.com/news/reuters.com,2026-02-16:newsml_RSP2269Ta:0-reg-ishares-digit-assets-final-terms-dated-16-february-2026/ ↩
-
https://www.reuters.com/world/asia-pacific/crypto-firm-accidentally-sends-44-billion-bitcoins-users-2026-02-07/ ↩
-
https://www.okx.com/help/section/announcements-latest-announcements ↩ ↩2 ↩3 ↩4
-
https://linkinghub.elsevier.com/retrieve/pii/S1544612324007773 ↩ ↩2
-
https://peerj.com/articles/cs-2675 ↩
-
https://www.tomshardware.com/tech-industry/cyber-security/usd40-million-worth-of-crypto-stolen-from-step-finance-hackers-compromise-executives-devices-to-gain-illicit-access ↩
-
https://chainsec.io/defi-hacks/ ↩
-
http://eudl.eu/pdf/10.4108/eai.10-3-2022.173608 ↩
-
http://arxiv.org/pdf/2409.04106.pdf ↩
-
https://arxiv.org/html/2409.03674 ↩
-
https://arxiv.org/pdf/1808.01926.pdf ↩
-
https://arxiv.org/pdf/2212.01267.pdf ↩
-
https://www.mdpi.com/2571-9394/5/1/10/pdf?version=1674981847 ↩
-
https://peerj.com/articles/cs-279 ↩
-
https://www.revolut.com/crypto/price/ ↩
-
https://www.coinglass.com ↩
-
https://www.coingecko.com ↩
-
https://www.bybit.com/en/price/bitdao/ ↩
-
https://cryptorank.io/news/feed/0517e-crypto-futures-liquidations-analysis-btc-eth-sol-4 ↩
-
https://coinmarketcap.com ↩
-
https://finance.yahoo.com/markets/crypto/all/ ↩
-
https://www.investing.com/analysis/bitcoin-price-forecast-btcusd-circles-68k-with-72k-break-or-58k-flush-in-play-200675103 ↩
-
https://www.coingecko.com/en/highlights/all-time-high-crypto ↩
-
https://stocktwits.com/news-articles/markets/cryptocurrency/tron-trx-up-bitcoin-ethereum-liquidation-bear-market-signal/cZRW1K2R4uE ↩
-
https://coinalyze.net/futures-data/ ↩
-
https://www.frontiersin.org/articles/10.3389/fbloc.2024.1492739/full ↩
-
https://arxiv.org/abs/2211.15260v2 ↩
-
https://pmc.ncbi.nlm.nih.gov/articles/PMC10395473/ ↩
-
https://linkinghub.elsevier.com/retrieve/pii/S037843712300599X ↩
-
https://arxiv.org/html/2503.13052 ↩
-
https://arxiv.org/pdf/2109.01047.pdf ↩
-
https://arxiv.org/pdf/2302.11371.pdf ↩
-
https://finance.yahoo.com/news/weekly-crypto-recap-1-4b-121800756.html ↩
-
https://www.thetokendispatch.com/p/coinbases-deribit-deal-opens-247 ↩
-
https://mashable.com/article/bitcoin-etf-sec-hack-fake ↩
-
https://www.binance.com/en/square/post/290400608518242 ↩
-
https://mashable.com/article/poly-network-cryptocurrency-hack-defi ↩
-
https://www.mexc.co/en-PH/news/696084 ↩
-
https://www.reddit.com/r/InterstellarKinetics/comments/1qvyngj/breaking_two_defi_projects_hacked_for_30_million/ ↩
-
https://coinmarketcal.com ↩
-
https://blog.amberdata.io/amberdata-q1-2025-volatility-regulations-and-institutional-moves ↩
-
https://www.bankinfosecurity.com/cryptohack-roundup-20-years-for-73-million-scam-a-30743 ↩