Why short-term moves matter less than the big picture

͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­

	Forwarded this email? Subscribe here for more How To Stay Oriented in a Bitcoin Bear Market Why short-term moves matter less than the big picture Ecoinometrics Feb 9 ∙ Preview   READ IN APP   Bitcoin’s market environment has changed. Over the past couple of weeks, Bitcoin has moved into what is clearly a bear market. That doesn’t mean prices will fall in a straight line, and it doesn’t mean we won’t see sharp bounces along the way. Those things are actually normal in this kind of market. What does change is how we should read those moves. In bear markets, the biggest mistakes usually come from reacting to short-term noise. Sudden selloffs, oversold signals, and fast rebounds can feel meaningful in the moment, but most of the time they don’t tell us much about where the market is really going. To avoid getting pulled around by that noise, it helps to slow down and look at the market from a wider angle. That’s the goal of today’s issue: stepping back, choosing the right scale, and staying oriented while the market works through this phase. So let’s take a look. Ecoinometrics delivers professional-grade crypto and macro analysis to help institutional investors and serious traders make data-driven decisions. Our team conducts rigorous quantitative research, developing proprietary metrics and institutional-quality visualizations that cut through the noise to reveal key market dynamics. Each newsletter provides clear, actionable insights backed by data, delivered in a concise format that respects your time - five minutes to absorb, but deep enough to inform your investment strategy. Join over 35,000 professional investors and fund managers: Upgrade to paid Ready? Let’s dig into the data. How To Stay Oriented in a Bitcoin Bear Market The Takeaway Bitcoin has entered a bear market, and the biggest risk for investors right now is misreading short-term moves as meaningful turning points. ... Continue reading this post for free in the Substack app Claim my free post Or upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2026 Ecoinometrics 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe

🔷 The zkEVM Rallying Cry

The most bullish Ethereum upgrade of all time is on the horizon.

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The zkEVM Rallying Cry Published on Feb 7, 2026 View in Browser gm Bankless Nation, It's no secret that Ethereum ecosystem morale needs a shot in the arm. Thankfully, the most bullish system upgrade of all time is on the horizon, it's time to get excited about the zkEVM. Today, David lays out the case. Thanks for being a subscriber, luma 🫡 p.s. Thanks to Kraken. Earn variable onchain rewards up to 8% APY with Kraken DeFi Earn. Automated, no wallets, no seed phrases, easy to use. Fees apply. Sponsor: Figure — Win $25k USDC with Democratized Prime. Enter to Win .  .  . OPINION The zkEVM Is the New 'Merge' Bankless Author: David Hoffman The ecosystem is still digesting Vitalik’s “rollup-centrism no longer makes sense” tweet. Reactions range from frustration to relief to outright anxiety about Ethereum’s direction. If rollups are no longer the north star of Ethereum, what is? The answer is clear: it's the zkEVM... The rest of this story is for Bankless Premium subscribers only. Upgrade to Paid .  .  . WHAT YOU MISSED New Vision 📈 The Asset Ethereum’s DeFi TVL ($59B) is now 8x larger than the second-closest network Revolut has now staked ~60,000 ETH Bitmine staked nearly 900,000 ETH over the past week 🏛️ The Protocol Vitalik proposed scaling Ethereum state by adopting a tiered storage system The EF released its Trillion Dollar Security dashboard and announced its 2026 PhD Fellowship Program Ethereum processed 70M transactions in January, a new record 📱 The Apps ENS unveiled the new ENS App Alpha and the new Explorer Alpha; it’s also ditching Namechain and instead deploying ENSv2 on Ethereum Yearn rolled out stYFI Fidelity officially introduced its dollar-pegged FIDD stablecoin Kraken’s new DeFi Earn offering has now passed $30M TVL Tally developed an ICO platform powered by Uniswap’s CCA Universal deployed USDU, a dollar-pegged stablecoin registered with the Central Bank of the UAE Y Combinator startups can now opt for USDC funding on Base 🤫 The Privacy Stack Payy announced Payy Network, a new privacy-focused EVM L2 🐸 The Culture Vitalik: “How I would do creator coins”; “The original vision of L2s … no longer makes sense”; and “We don’t need more copypasta EVM chains” Geode Labs released the ETHStars Opportunity Board and published a deep dive on Vietnam’s Ethereum community 💽 The Tech ERC-8004 was rolled out on Arbitrum, Base, Celo, Gnosis, Polygon, Scroll, and Taiko. Wonderland introduced Interoperable Addresses .  .  . WEEKLY ROLLUP ETH in Free Fall Crypto enters a full-blown pain market as Bitcoin, ETH, tech stocks, and even gold sell off together. Ryan and David break down why crowded trades are unwinding across markets, what the Warsh Fed chair pick means for rates and risk assets, and whether crypto has become uniquely fragile in this cycle. They dig into Vitalik’s L2 pivot and what it signals about Ethereum’s next era, unpack massive institutional paper losses at Strategy, BitMine, and Galaxy, and analyze Polymarket odds on where Bitcoin goes next. Plus: OGs selling to ETF buyers, the Clarity Act standoff between banks and crypto, and how to survive the psychology of a real bear market. Tune into this week’s Rollup! 👇 Watch on YouTube FRIEND & SPONSOR: FIGURE Use Figure’s Democratized Prime for your chance to win big with $25k USDC. The more you participate, the better your odds! Every dollar gets you another chance to win $25K USDC. Enter to win while earning 9% yield on your crypto with Democratized Prime*. Enter to Win Manage your account Not financial or tax advice. Bankless content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time to time, we may add links in this newsletter to products we use. We may receive a commission if you make a purchase through one of these links. Additionally, the Bankless team holds crypto assets. See our Investment Disclosures | Terms & Conditions | Privacy Policy Bankless © 2026 – Unsubscribe

🏴 MegaETH Soon

Crypto prices reversed much of yesterday's crash today, but investors aren't breathing easy yet.

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MegaETH Soon Published on Feb 6, 2026 View in Browser gm Bankless Nation, Crypto prices reversed much of yesterday's crash today, but investors aren't breathing easy yet. Become a Premium member to get all of the alpha! Today's Issue ⬇️ ☀️ Need to Know: MegaETH Launch Soon The much-hyped L2 mainnet lands Monday. ✍️ Cheat Sheet: Neocasinos Premium-only opps, reads, yields, and airdrops. 🗣️ Deep Dive: MegaETH's Top Airdrop Hunts Premium-only DeFi play of the week. Sponsor: Figure — Win $25k USDC with Democratized Prime. Enter to Win .  .  . NEED TO KNOW MegaETH Launch Soon 🐰 MegaETH Provides Tokenomics Update Days Ahead of Mainnet. MegaETH still has no defined date for TGE ahead of its Monday mainnet 📊 BlackRock's IBIT Achieves Record Trading Volumes Amid Record Drop. Yesterday was IBIT's highest volume ever and second largest daily drop. 🔵 Coinbase to Suspend 25 Perpetuals Futures Markets. The crypto exchange will pare back perpetual offerings on February 20. 📸 Daily Market Snapshot: After yesterday's shock crash, Crypto Twitter was relieved to see ETH rise back above $2,000 and BTC reclaim $70K. Prices as of 4pm ET 24hr 7d Crypto $2.39T ↗ 5.5% ↘ 18.0% BTC $70,511 ↗ 11.1% ↘ 15.9% ETH $2,053 ↗ 10.5% ↘ 23.4% .  .  . CHEAT SHEET Neocasinos Once a week, Premium subscribers get access to the top Market Plays, Hot Reads, Farming Opps, and Airdrop Hunts that our analyst team is tracking! Don't miss out! 👇 Get Bankless Premium .  .  . PLAY OF THE WEEK MegaETH's Top Airdrop Hunts Bankless Analyst: Jack Inabinet MegaETH – the upcoming “real-time Ethereum” L2 that boasts a throughput capacity of 100k transactions per second with sub-millisecond latency – has decreed that next Monday, February 9, will be mainnet launch day. Already live in a limited release “Stress Test” form to trial latency-sensitive applications, MegaETH is one of the most hotly anticipated crypto launches of the year. It last raised $50M in October from an oversubscribed initial coin offering that received $1.39B in capital commitments, and with mainnet just around the corner, crypto investors are now shifting to capitalize on the network’s next phase. Today, we’re spotlighting five top MegaETH applications promising airdrop upside you can hunt right now to frontrun the MEGA opportunity! Upgrade to Keep Reading FRIEND & SPONSOR: FIGURE Use Figure’s Democratized Prime for your chance to win big with $25k USDC. The more you participate, the better your odds! Every dollar gets you another chance to win $25K USDC. Enter to win while earning 9% yield on your crypto with Democratized Prime*. Enter to Win Manage your account Not financial or tax advice. Bankless content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time to time, we may add links in this newsletter to products we use. We may receive a commission if you make a purchase through one of these links. Additionally, the Bankless team holds crypto assets. See our Investment Disclosures | Terms & Conditions | Privacy Policy Bankless © 2026 – Unsubscribe