📊 Monthly Market Bilan – February 2026
₿ Bitcoin
$BTC For the first time in its history, Bitcoin has printed 5 consecutive negative monthly candles 📉. Since the crash of 10 October 2025, BTC has never fully recovered its structure. What started as a correction has now clearly developed into a bearish phase.
Bitcoin opened February around $78K and closed near $62K, marking a heavy monthly decline. Throughout the entire month, no real rebound signal appeared. Every attempt to stabilize price lacked momentum, and no bullish structure was formed.
The Fear & Greed Index remained in Extreme Fear 😰, confirming that confidence has not returned to the market. Sentiment is weak and positioning remains defensive.
On-chain data shows approximately $4B+ in outflows over 5 consecutive weeks 💸 — the longest sustained selling streak since Bitcoin’s launch. This confirms continued distribution and capital leaving the market rather than accumulation.
Technically, the RSI continues to reflect a bearish trend 📊, supporting downside momentum. There are currently no confirmed reversal signals.
🌍 Macro Environment
The macro backdrop deteriorated further in February.
GDP data came negative 📉, PPI was negative while inflation continued rising 📈. This combination increases stagflation concerns and reduces the probability of supportive monetary easing in the short term.
At the end of the month, geopolitical tension escalated dramatically with the beginning of a war between Israel, the USA, and Iran 🌍⚠️. This reinforced global uncertainty and strengthened the overall risk-off environment.
🎯 Final Conclusion
February confirmed the continuation of the bearish cycle.
Bitcoin fell from $78K to $62K, outflows intensified, macro conditions worsened, and sentiment remained in extreme fear. Capital is defensive, liquidity is cautious, and the broader environment remains risk-off.
There are currently no confirmed rebound signals. Structure, macro data, and capital flows all align with a continuing bearish phase.
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