$BTC
Bitcoin continues to navigate a turbulent corrective phase as of late February 2026. After hitting an all-time high of approximately $125,000 in October 2025, the premier cryptocurrency has shed nearly 50% of its value, currently consolidating around the $65,000 mark.
Key Market Highlights:
Bearish Momentum: BTC has faced significant downward pressure throughout February, recently dipping below $63,000 before a slight recovery. The market structure remains fragile, with technical indicators suggesting a retest of the $60,000 psychological support level is likely.
Extreme Fear: The "Fear and Greed Index" has plunged to a staggering 11/100, indicating a state of extreme fear among retail and institutional investors.
Institutional Outflows: Spot Bitcoin ETFs have recorded five consecutive weeks of net outflows, totaling over $4 billion, reflecting a "risk-off" sentiment in the broader financial markets.
Macro Headwinds: Volatility is being fueled by geopolitical tensions in the Middle East and uncertainty regarding global trade tariffs. Furthermore, the Federal Reserve's pause on interest rate cuts has dampened hopes for a liquidity-driven recovery in the short term.
Technical Levels to Watch:
Support: Immediate support lies at $62,000. A decisive break below $58,000 could open the door for a deeper retracement toward $53,000–$55,000.
Resistance: Bulls must reclaim the $72,000–$74,000 range to invalidate the current bearish trend and shift the momentum toward a recovery.
BTC/USD 30-Day Candlestick Chart
The chart below illustrates the price action over the last 30 days, highlighting the sharp decline from the $89k range into the current consolidation zone.
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