Google Trends data indicates that searches for Buy Bitcoin have surged to their highest level in roughly five years, with interest peaking around February 22. The spike arrives as BTC has fallen 45% over the past four months and dropped as much as 52.15% from its $126.5k ATH before rebounding to about $68k, up 4.5% in 24 hours.

On Tuesday, Bitcoin fell to $62,400 before rebounding 7.45% over the next two days. Bulls are eyeing $74,500 as a key threshold tied to holder cost bases and profitability, with a decisive break above it seen as a potential shift in market structure and selling pressure.

Bitcoin fell 35% between Jan. 14 and Feb. 5 and has since traded within a $60,000–$70,000 range. Institutional ETF flows are negative while large holders, miners and corporate treasuries show mixed signals, including slowing monthly additions and a 30-day mean hash rate near 0.99 ZH/s. These indicators outline supply absorption and participation during a range-bound phase.

On Feb. 24, US spot Bitcoin ETFs booked $257.7 million in net inflows, according to Farside Investors. On Feb. 25, Bitcoin rebounded toward $69,000 after an intraday flush to the low‑$60,000s that liquidated nearly $500 million in shorts. Glassnode frames the range at $60,000–$69,000 and flags $62,000 and $70,000–$72,000 as pivotal levels.

On February 26, 2026, the Crypto Fear & Greed Index climbed to 16 from 11 over 24 hours, according to CoinMarketCap, as Bitcoin rebounded from a weekly low of $60,074. BTC last traded near $67,729 after touching $69,953.53 intraday, while Ethereum rose to $2,050 (+2.8%) and BNB advanced 4% to $625.

Bitcoin retreated from a high of $70,040 after failing to reclaim the 200-week exponential moving average and the prior 2021 peak. Traders note that BTC's rejection near $68,000 keeps downside risk in focus, with some analysts arguing the current bear phase, about 140 days long, still falls short of past cycle durations and drawdowns.

Indiana’s legislature has passed House Enrolled Act 1042, a Bitcoin-focused bill that would safeguard self-custody, node operation, and peer-to-peer transactions while addressing perceived discriminatory taxation of crypto. The measure would also require state pension boards to provide at least one cryptocurrency investment option via a self-directed brokerage structure if it receives the governor’s signature.

Bitcoin rebounded to $68,000 and added 4% on Thursday after earlier declines, but Glassnode said price action remains confined to a defensive consolidation between $60,000 and $69,000. Indicators show a 46% drawdown, roughly 9.2 million BTC held at a loss, and an Accumulation Trend Score below 0.5 since early February, suggesting upside depends on renewed spot absorption and stronger large-entity and institutional participation.