Why Is Crypto Down So Far in 2026? Bitcoin Exits the Top 10 as Liquidations Rock the Market, But DeepSnitch AI Could See a Q1 1000x Run
The post Why Is Crypto Down So Far in 2026? Bitcoin Exits the Top 10 as Liquidations Rock the Market, But DeepSnitch AI Could See a Q1 1000x Run appeared on BitcoinEthereumNews.com.
Roughly $1.6 billion in long liquidations dragged Bitcoin from near $90,000 to below $82,000, knocking it out of the world’s top 10 assets by market cap. Meanwhile, ETH’s slide left BitMine Immersion Technologies sitting on more than $6 billion in unrealized losses. And the ECB confirmed that digital euro legislation is coming in 2026, followed by a pilot in late 2027, putting state-backed digital money on a steady timeline. If you’re one of the many wondering, why is crypto down?, leverage flushes, thin liquidity, and a macro setup that is far from forgiving almost undoubtedly have a lot to do with it. But DeepSnitch AI is on its own pair of tracks, with 1000x potential on the horizon. A live AI engine for Web3 that checks contracts, monitors large wallet activity, and delivers real-time signals in one place. Its token is priced at $0.04064 in presale, so still very much accessible. But launch approaches fast, and that could all change in a matter of days. Why is crypto down? The liquidation cascade, BitMine’s ETH losses, and the ECB’s digital clock Bitcoin’s sharp reversal was a leverage story more than a fundamental one, as is clear from the crowded positioning, fragile liquidity, and a cascade that dropped BTC’s market cap to roughly $1.65 trillion, just behind Saudi Aramco. And all the while, gold continued its own record rally in the opposite direction, cementing the top position globally. Then, there was ETH’s slide, which pulled BitMine into above $6 billion in unrealized losses. The US Treasury also sanctioned two UK-registered crypto exchanges linked to Iran’s financial system in the same session, bringing a regulatory dimension to an already strained week. The ECB’s digital euro confirmation is the longer structural signal here. Provider selection begins Q1 2026, and the pilot is the second…
Filed under: News - @ February 20, 2026 12:23 am