🚀🚀🚀Crypto Market Brief | Feb 24, 2026
The market is currently undergoing a "stress test" of major proportions. Bitcoin ($BTC ) plummeted to a low of $62,700 before a slight bounce to $63,125, down roughly 4.4% in 24 hours. The catalyst remains a combination of "macro-shocks"—specifically the new 15% U.S. tariff reset—and a massive $600M leverage flush that saw long positions decimated. The Fear & Greed Index has sunk to a harrowing 7 (Extreme Fear), signaling full-blown capitulation is near.
Key Headlines:
- Saylor’s 100th: Michael Saylor’s Strategy officially announced its 100th Bitcoin purchase, adding 592 #BTC . Despite an unrealized paper loss of $9.5 billion (with an average cost basis of ~$76k), the firm continues its "quarterly forever" accumulation plan.
- SEC Structural Win: In a transformative shift, the #SEC clarified that broker-dealers can apply a 2% capital haircut to qualifying stablecoins instead of 100%. This aligns stablecoins with money market funds, theoretically unlocking billions in Wall Street liquidity.
- Regulatory Tensions: Terraform Labs has reportedly filed a lawsuit against Jane Street, alleging insider trading prior to the 2022 collapse, adding to the day's legal noise.
🦄Analysis: We are seeing a classic "liquidity vacuum." BTC broke below its symmetrical triangle, but RSI is at levels that historically trigger sharp mean-reversion. Support at $60k is the final psychological line.