At the current time, Thursday, February 12, 2026 (22:30 WET), the market is experiencing a moment of clear negative imbalance, influenced by a strong risk aversion coming from traditional markets.
Here is the technical reading
1. The State of the Nation (S&P 500)
The North American stock market closed today with a sharp decline.
The Fact: The S&P 500 fell 1.6%, closing at 6,832 points.
The Reason: The market is "punishing" technology companies due to uncertainties and high investment costs in Artificial Intelligence (AI).
Efficiency: This movement in the macro dragged the general sentiment, generating a flight to safety.
2. Crypto Temperature (Downward Imbalance)
The crypto sector is suffering the direct impact of technological pessimism.
Bitcoin ($BTC): It is trading around US$ 65.400 - US$ 65.650. It has declined for the third consecutive session, erasing gains made in the morning.
Ethereum ($ETH): It dropped about 1.7%, standing at US$ 1.920.
Your Solana ($SOL): It is feeling the pressure, quoted near €64.90 (approx. US$ 69). Although it has fallen about 2.7% in the last few hours, it is noticeable that the selling volume is trying to find support.
SUI: It is around US$ 0.90 - US$ 0.94, with a predominantly "bearish" market sentiment in the short term.
3. The Shield (Gold and Bonds)
Gold: Acts as the true refuge. While stocks and cryptos fall, gold is trading solidly above US$ 5.000 per ounce (hovering around US$ 5.070).
Bonds: Treasury yields have fallen, indicating that investors are buying public debt to protect themselves from volatility.
Conclusion
At this moment, the market is showing an "Efficient Decline": the price is falling because buyers (bids) have withdrawn in the face of fear of AI in the technology sector and geopolitical tensions.