Last updated on March 8th, 2026 at 02:12 pm
Crypto lending platform Nexo has recorded an all-time high in cumulative credit withdrawals, signalling renewed activity among retail investors as the broader digital asset market steadies.
After falling roughly 48% between October and February, Bitcoin has shifted from sharp price swings to a period of consolidation. The calmer conditions appear to be restoring confidence among borrowers. Data shows that Nexo users withdrew more credit in recent weeks compared to previous months, suggesting that retail participants are returning to the market.
.@Nexo’s Cumulative Credit Withdrawals Reach an All-Time High
“Recent data signals the end of deleveraging and emerging signs of renewed confidence and borrowing demand as the crypto market reaches a new equilibrium.” – By @oinonen_t pic.twitter.com/EjUYUVobSG
— CryptoQuant.com (@cryptoquant_com) February 19, 2026
Retail borrowing rebounds as deleveraging slows
Weekly retail credit withdrawals nearly doubled between December 2025 and January 2026, rising from $6.73 million to $13.92 million, an increase of about 107%. The jump follows months of declining withdrawals, a trend that reflected cautious positioning and balance-sheet tightening across the crypto sector.
At the same time, leverage metrics have cooled. Estimated leverage ratios across exchanges have reset to healthier levels, while open interest has declined from earlier highs. Funding rates have normalized, and liquidation volumes have eased, pointing to reduced speculative pressure.
Market analysts say this shift suggests that the aggressive deleveraging phase that marked late 2025 may be largely absorbed.
Cumulative withdrawals reach $863 million
Between 2025 and 2026, Nexo’s cumulative credit withdrawals climbed to $863 million, marking the highest level recorded on the platform. The figure highlights sustained demand for crypto-backed liquidity solutions even during volatile market cycles.
Bitcoin is currently consolidating near the $67,000 level, building what traders view as a stronger base following months of heavy selling. If sentiment continues to improve and liquidity conditions strengthen, borrowing demand could accelerate further.
The latest data points to a market transitioning from defensive positioning toward cautious re-engagement, with credit activity serving as an early signal of shifting investor confidence.
Meanwhile, Bitcoin recorded $2.3 billion in realized losses over a seven-day average, marking what analysts describe as one of the most significant capitulation events in its history.
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