Market Update | Feb 8, 2026
The crypto market is currently holding its breath. After a brutal 50% drawdown from the October highs of ~$126,000, Bitcoin (BTC) has found a temporary floor near the $60,000–$63,000 demand zone. As we hover around the $69,000 mark today, the big question remains: Is this a "dead cat bounce," or are we building the base for a return to $80k?
The Current Landscape: A High-Stakes Recovery
Bitcoin’s recent stabilization feels fragile. The "liquidation cascade" last week wiped out billions in leverage, cooling down a market that was overheated. However, institutional sentiment is still shaky. Many ETF buyers who entered during the $90k–$100k hype are currently "underwater," creating potential sell pressure if we don't reclaim key levels soon.
The February 13 Catalyst: CPI is the Key
While the market is watching various economic data points on February 11, the real volatility engine is the U.S. CPI (Consumer Price Index) disclosure on Friday, February 13, 2026.
Here is the "Cheat Sheet" for the CPI reaction:
The Target: Analysts expect inflation to land at 2.5%.
Bullish Scenario (Below 2.5%): A "cool" inflation report would likely green-light the Fed for further rate cuts, potentially catapulting BTC back toward $75,000–$80,000.
Bearish Scenario (Above 2.7%): If inflation remains "sticky," we could see a final capitulation. A break below $60k would expose the 200-week Moving Average, potentially dragging prices into the $52,000 territory.
The Bottom Line
Expect "whipsaw" action this week. The smart money is currently watching the $70,000 resistance and the upcoming CPI data. For day traders, high leverage is extremely risky right now; for long-term HODLers, these levels represent the first major "value zone" we've seen in months.
Stay disciplined, and watch the Feb 13 data closely.
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