The S&P 500's 2026 rally is under pressure as futures fell about 2% in early Tuesday trading while Brent crude briefly pushed toward 83 USD and tensions around the Strait of Hormuz intensified. The index had already slipped 0.5% to 6,860.71 on Monday as oil prices jumped more than 6% and volatility surged, forcing investors to reassess inflation, Federal Reserve expectations and sector positioning.

Oil futures spiked 10% after Iran's navy shut the Strait of Hormuz, raising alarm over a potential global supply disruption and sharply higher fuel costs. Analysts say U.S. gasoline, which was just under $3 per gallon days ago, could quickly move above $3.20-$3.30 on average and toward $4-$5 in some regions if the closure persists.

MARA Holdings said it booked a $1.71 billion net loss in Q4 2025 and a 6% revenue drop to $202.3 million as Bitcoin weakness drove a $1.5 billion revaluation. Shares rose about 12% pre-market while the firm outlined an AI and high-performance computing pivot, including a joint venture targeting over 1 gigawatt of IT capacity.

Bitcoin is trading close to $66,900 within a 24‑hour band of about $65,800 to $68,400, while derivatives markets show heavy long liquidations near the $66,000 support zone. At the World Liberty Financial Forum in Mar‑a‑Lago, Goldman Sachs CEO David Solomon disclosed he holds a small amount of Bitcoin, as attendees also highlighted a tokenized real‑estate loan deal for a Maldives resort tied to World Liberty Financial and Securitize.

On February 15, 2026, Bitcoin is trading around $70,500 after bouncing from an early‑February slide toward 60k, restoring its market capitalization to about $1.4 trillion. Around $189 million in futures positions were liquidated over a recent 24‑hour span as derivatives leverage reset, while U.S. spot Bitcoin ETFs recorded roughly $15.1 million of net inflows on February 14. Large wallets holding more than 1,000 BTC reportedly added about 53,000 BTC during the sell‑off, and traders are now watching support near $60,000-$61,000 and resistance above $72,000 toward $75,000.

In August 2024, funding rates last turned deeply negative; in October 2025, CryptoQuant's BCMI sat near 0.5 before sliding to 0.2 by February 12. The firm says this mirrors early bear phases, with $5.4 billion in realized losses on February 5 and price still about 18% above the $55,000 realized level.

CSL Ltd shares fell 5% in early trade to A$171.39, extending a multi‑year drawdown of 39% from early 2025 highs as traders position for half‑year FY26 earnings. The A$150B plasma and vaccine group faces concerns over potential revenue and EPS shortfalls, weaker US flu vaccine demand and reimbursement issues for new immunoglobulin products, while options and volume data point to expectations of further downside.

BitMine Immersion Technologies said it bought 40,613 ETH for $82 million at about $2,020 per token via FalconX, lifting its holdings to 4.3 million ETH. BMNR traded 5% lower to $19.40 before the open after a $20.45 close, as the company navigates a sharp ETH drawdown and recent leadership changes.

According to Coinpaper, Strategy's MSTR fell 5% to $128 in pre‑market trade today as Michael Saylor's team disclosed a 1,142 BTC purchase worth $78 million at an average $68,300 per coin. The move lifts reported holdings to 715,000 BTC, while dilution concerns tied to at‑the‑market equity issuance weighed on sentiment.