Cryptocurrency analysis platform Santiment examined recent fluctuations in Bitcoin and altcoins in its weekly market review.
The market is at a critical juncture with the Jane Street case and upcoming Clarity Act decisions.
The cryptocurrency markets experienced a rather volatile last 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% drop to around $65,500.
The most talked about topics of the week were the Jane Street investigations and the lawsuits filed in connection with the collapse of Terraform Labs. Santiment analysts note that attributing the market downturn solely to these lawsuits can be “misleading” and that the real driving factor is the behavior of the whales.
The market’s attention is currently focused on March 1, 2026. This crucial date, set by the White House within the framework of the Clarity Act, could constitute a turning point in terms of the legal framework and transparency of cryptocurrencies. Analysts believe that the adoption of the law would strengthen confidence in the market and increase the interest of institutions.
Santiment’s on-chain data reveals an interesting paradox. Small investors continue to enter the market, viewing each decline as a buying opportunity. This would create excessive optimism and make a recovery more difficult.
Whales holding between 10 and 10,000 $BTC have accumulated approximately 15,411 $BTC Over the past three days, but their overall movement remains cautious.
Although Bitcoin ETF volumes reached record highs 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 high positive sentiment (FOMO), particularly on the Bitcoin side, could pose a short-term risk.
*This does not constitute investment advice.