According to market data cited in the article, Bitcoin’s value has dropped from $1.76 trillion to $1.34 trillion, with its price near $68,000 and about $420 billion erased in a few weeks. While BTC is still attracting nearly 60% of total crypto investment, capital is shifting toward gold, stablecoins, and fast-growing prediction markets, raising doubts over Bitcoin’s long-term role.

On 22 February 2026, Bitdeer Technologies Group confirmed it had sold its entire corporate Bitcoin treasury, offloading 1,132.9 BTC and reducing its own holdings to zero. At Bitcoin prices near $68,000, the sale was valued in the tens of millions of dollars and coincided with a $300 million convertible notes issuance later increased to $325 million, aimed at funding data center expansion, AI cloud infrastructure and ASIC development.

On Feb. 22, 2026, Michael Burry outlined wins and misses on X, admitting he passed on a 2013 Bitcoin purchase when the price was below $200 after a meeting at Lightspeed Venture Partners. He also shared a BTC Patterns chart pointing to a $126,000 peak in October 2025, a slide toward about $73,000, and potential stress near $50,000. Separately, he disclosed bearish puts on Nvidia and Palantir amid what he calls an AI bubble.

U.S. spot Bitcoin ETFs recorded a fifth consecutive week of net outflows in the week ending Feb. 20, with about $316 million withdrawn. Midweek redemptions of $105 million, $133 million and $166 million outweighed Friday’s $88 million inflows, while cumulative net inflows since January 2024 remain near $54 billion.

Over the weekend, NBA Hall of Famer Scottie Pippen reignited a discussion on Bitcoin's market structure, prompting veteran trader Peter Brandt to outline a $250,000 BTC target for 2029. Brandt bases his view on a multi‑year, curved "banana" growth channel that has framed Bitcoin's price since 2012 and places the current market in the mid‑range after a peak near $92,000 in January 2026. He argues that if Bitcoin continues to track this logarithmic corridor, the upper boundary could move into the mid‑six‑figure zone by the end of the decade.

According to aggregated 13F regulatory filings, institutional investors reduced their U.S. spot Bitcoin ETF exposure from 532K BTC in Q3 2025 to 513K BTC in Q4 2025, a decline of about 3.5%. This modest cutback came as BTC fell 23% and slipped below the reported $84.1K average ETF entry price, leaving the average ETF holder roughly 20% in loss at a BTC price of $68K.

Bitcoin is retesting a major resistance band between $68,300 and around $69,800 on the daily chart, after previously being rejected there. The bullish structure remains intact as long as price holds above the nearby $66,194–$66,956 support, while a break below could open the way toward the $64,535–$62,592 zone. A decisive daily close above the $68,300–$69,867 area would indicate stronger upside momentum and raise the probability of a move to new local highs.

Economist Timothy Peterson said 50% of Bitcoin's past 24 months were positive and argued this implies an 88% chance the asset will be above its current level by December. BTC traded at $68,173 at publication, while Polymarket odds put November at 18% and December at 17% for 2026's best month, and the Fear & Greed Index registered 9.