- Bitcoin held 54-60% of Nexo collateral from 2024 to 2026, sustaining its dominance regardless of market volatility.
- On February sixth, accumulator addresses noticed an influx of 66,940 BTC, the biggest single-day complete of the cycle.
- The Spot Bitcoin ETF recorded inflows of $145 million led by GBTC on February ninth, whereas outflows had been seen from IBIT.
Bitcoin continues to function the first collateral asset for crypto-backed credit score at the same time as market volatility causes falling costs and elevated liquidations. CryptoQuant information and platform-specific metrics related to Nexo present that debtors and enormous holders are sustaining their publicity to Bitcoin quite than switching to different property.
Nexo’s quarterly collateral combine information, overlaying the interval from Q1 2024 to Q1 2026, exhibits that Bitcoin constantly accounts for the biggest share of mortgage backing. All through the noticed interval, Bitcoin accounted for roughly 54% to 60% of complete collateral.
After a brief decline in early 2024, Bitcoin’s share elevated from late 2024 to early 2025, reaching slightly below 60%. By Q1 2026, Bitcoin’s dominance reached 56.2%, at the same time as broader market circumstances softened.
Different crypto property kind the second largest class and primarily fluctuate between the mid-20s and low-30s. Ethereum’s share fell from mid-teens in early 2024 to single digits in early 2025, however recovered to simply over 12% within the second half. Stablecoins remained beneath 4% all through.
Accumulation handle information great amount of Bitcoin influx
CryptoQuant’s on-chain information additionally exhibits new accumulation by giant holders amid the current value droop. On February sixth, the accumulator handle recorded an influx of 66,940 BTC, the biggest single-day influx noticed through the present market cycle.
Historic information exhibits comparable cumulative spikes throughout earlier recessions in 2020-2021 and 2022-2023. The current rally is underpinned by an increase within the 30-day transferring common, indicating sustained inflows quite than an remoted transfer.
Moreover, Spot Bitcoin ETFs noticed inflows of $145 million on February ninth, with Grayscale (GBTC) recording the biggest influx of roughly $130.54 million, adopted by Ark & 21 Shares (ARKB) with $14.09 million, Van Eck (HODL) with $12 million, Franklin (EZBC) with $6.14 million, and lastly Constancy (FBTC) with inflows. 3.08 million {dollars}. BlackRock’s IBIT had the one outflow of the day, coming in at $20.85 million.
Associated: Bitcoin stabilizes at round $70,000 regardless of intense promoting that shakes market confidence
Disclaimer: The knowledge contained on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any sort. Coin Version isn’t accountable for any losses incurred on account of using the content material, merchandise, or providers talked about. We encourage our readers to conduct due diligence earlier than taking any motion associated to our firm.