$
Feb 27
ET
$65,817.01
2.11%
Bitcoin is trading down around 2% as market participants digest ongoing pressure from multiple fronts. The cryptocurrency has struggled to hold the $70,000 level following a mid-week rally that briefly pushed prices above $68,000. Year-to-date net outflows from Bitcoin spot ETFs have now reached $2.52 billion, with institutional selling continuing to weigh on sentiment alongside broader macroeconomic uncertainty tied to U.S. tariff policy and geopolitical tensions. Bitcoin remains in its fifth consecutive month of losses, down roughly 48% from its October 2025 peak near $126,000, marking its longest losing streak since 2018. Technical analysis shows BTC broke below its 365-day moving average for the first time since March 2022, with the weekly RSI dipping below 30—levels historically associated with either capitulation bottoms or extended bear markets. Analysts note the $60,000-$70,000 range as critical, with support near $62,500 and the psychological $60,000 level closely watched as potential inflection points.