#StrategyBTCPurchase

Market downward pressure

Major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH) and XRP extended losses on Tuesday (Feb 24), with Bitcoin dropping around 3–4 % to roughly $63,000–$64,000 levels due to broad macroeconomic and risk-off sentiment. Analysts say fears tied to artificial intelligence impacts on the broader economy helped fuel recent selloffs, with crypto markets mirroring declines in equities. 

ETFs and institutional outflows

U.S. spot Bitcoin ETFs have been bleeding capital for multiple weeks, with combined outflows now in the billions year-to-date compared with strong inflows last year. This shift is viewed as a key factor pressuring price performance, as institutional demand wanes and risk appetites decline. 

Ongoing volatility

Today’s market action also includes sharp declines in futures positions, triggering significant forced liquidations and pushing broader crypto market cap downward. Bitcoin’s trend remains under pressure below key support levels, with traders highlighting $60,000 as a critical pivot point. 

Sell-offs intensify

Tuesday’s session showed persistent selling in major tokens, extending recent weak performance across BTC, ETH and XRP amid tariff and macro uncertainties — indicating broader risk-off conditions rather than crypto-specific catalysts. 

Altcoin movements

Despite the bearish backdrop, some altcoins and specific tokens show early signs of divergence, with pockets of strength emerging on certain on-chain signals and inflows, though consensus remains cautious until clearer market direction forms. 

Overall, the crypto market is navigating a risk-off environment with continued pressure from ETF outflows, macroeconomic concerns and declining prices for major assets — but selective token signals and technical levels may influence near-term moves.