{"id":22140,"date":"2026-02-16T12:54:23","date_gmt":"2026-02-16T12:54:23","guid":{"rendered":"https:\/\/bitunikey.com\/news\/cryptoquant-flags-863m-nexo-loans-as-confidence-holds-in-pullback\/"},"modified":"2026-02-16T12:54:40","modified_gmt":"2026-02-16T12:54:40","slug":"cryptoquant-flags-863m-nexo-loans-as-confidence-holds-in-pullback","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/cryptoquant-flags-863m-nexo-loans-as-confidence-holds-in-pullback\/","title":{"rendered":"CryptoQuant flags $863M Nexo loans as confidence holds in pullback"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">CryptoQuant data shows Nexo users borrowed nearly 1 billion dollars in a year and over 30% returned, suggesting managed deleveraging as Bitcoin, Ethereum, and Solana retreat.<\/p>\n<div id=\"cn-block-summary-block_ffd3e83b24c09de32b6cc50d4afeb14b\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>CryptoQuant\u2019s JA Maartun reports Nexo issued about 863 million dollars in credit, with users borrowing nearly 1 billion dollars from January 2025 to January 2026.\u200b<\/li>\n<li>Over 30% of Nexo users returned during the drawdown, a pattern analysts frame as risk being trimmed rather than a panic liquidation event.\u200b<\/li>\n<li>The flows come as Bitcoin, Ethereum, and Solana trade as high\u2011beta macro risk proxies, with crypto still closely tracking U.S. equity sentiment.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Crypto lending platform Nexo has quietly become a barometer of risk appetite in digital assets, even as markets digest a bruising pullback. In new on\u2011chain analysis published by CryptoQuant, researcher JA Maartun highlights that \u201cdata from Nexo shows: $863 million in total credit issued,\u201d with users borrowing \u201cnearly $1 billion\u201d between January 2025 and January 2026. Crucially, \u201cover 30% of users returned,\u201d a dynamic Maartun frames as stability rather than stress during the drawdown. Full details are available in CryptoQuant\u2019s \u201cStability During a Market Pullback&gt;\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Stability During a Market Pullback<\/p>\n<p>\u201cData from <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Nexo?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@Nexo<\/a> shows: $863 million in total credit issued: From January 2025 to January 2026, users borrowed nearly $1 billion, and over 30% of users returned.\u201d \u2013 By <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/JA_Maartun?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@JA_Maartun<\/a> <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/VAQHq5FCXx\">pic.twitter.com\/VAQHq5FCXx<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/2023343258014031964?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 16, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Market commentators argue those flows signal that leverage is being trimmed, not liquidated in panic. \u201cNearly $1B borrowed during a pullback says confidence didn\u2019t fully leave the room,\u201d Dutch outlet CryptoJournaal wrote, adding that \u201c30% returning shows some deleveraging, but not a rush for the exits. Feels more like managed risk than stress.\u201d That view echoes broader desks that describe crypto as the \u201cpurest expression of macro risk appetite,\u201d with large\u2011caps still trading as high\u2011beta satellites to U.S. equities.<\/p>\n<h2 class=\"wp-block-heading\">Broader crypto headwinds<\/h2>\n<p>It comes digital assets continue to trade as the purest expression of macro risk appetite. Bitcoin (BTC) is hovering around $68,700, with a 24\u2011hour range roughly between $68,000 and $70,500 and spot turnover near $37.5B. Ethereum (ETH) changes hands close to $1,985, after printing a 24\u2011hour high just above $2,000 and a low near $1,930, on about $24.5B in volume. Solana (SOL) trades in the mid\u2011$80s, last seen near $85\u2013$86, down around 4% on the day with roughly $9\u201310B changing hands.<\/p>\n<p>Nexo\u2019s role in that ecosystem has grown since it launched what it called the world\u2019s first crypto\u2011backed payment card with Mastercard, allowing users to spend against collateral without selling their holdings. At the same time, the lender remains under regulatory scrutiny, facing a recent fine in California over unlicensed lending practices. That mix of growth, leverage and oversight helps explain why on\u2011chain credit data from platforms like Nexo now sits at the center of every serious macro\u2011crypto conversation.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CryptoQuant data shows Nexo users borrowed nearly 1 billion dollars in a year and over 30% returned, suggesting managed deleveraging as Bitcoin, Ethereum, and Solana retreat. Summary CryptoQuant\u2019s JA Maartun&hellip;<\/p>\n","protected":false},"author":1,"featured_media":17072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=22140"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22140\/revisions"}],"predecessor-version":[{"id":22141,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22140\/revisions\/22141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/17072"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=22140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=22140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=22140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}