February 22 — Per Cointelegraph, Robinhood’s head of crypto Johann Kerbrat says platform users haven’t stopped trading amid the ongoing market downturn. Instead, they’re viewing it as a “buy the dip” opportunity, shifting their focus beyond the top two cryptos (Bitcoin and Ethereum) to a wider range of coins. Kerbrat notes investors are ramping up diversification — exploring other top assets alongside Bitcoin and Ethereum — signaling growing acceptance of the crypto asset class, including its volatility. Current CMC data shows the Altseason Index at 33 (out of 100), meaning it’s still “Bitcoin Season” and overall capital continues to favor Bitcoin. Additionally, since Robinhood launched its staking feature in December 2023, platform staking participation has surged significantly. Some users have also begun exploring DeFi applications. Meanwhile, U.S. spot Bitcoin ETFs have seen five straight weeks of outflows, totaling roughly $3.8 billion. Crypto market sentiment remains in the “extreme fear” zone.
