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.

Crypto traders have accused Jane Street of driving a recurring 10:00 am Eastern Time Bitcoin price drop through programmatic selling linked to its IBIT holdings and a prior Terraform Labs lawsuit. Market analysts counter that blockchain and price data do not support a systemic dump pattern and argue that Bitcoin's large, fragmented market cannot be steered into a prolonged bear phase by any single trading firm.

American Bitcoin Corp. reported a fourth‑quarter 2025 net loss of $59.5 million as revenue climbed to $78.3 million, up 22% quarter over quarter. The miner finished 2025 with 5,401 BTC and says its balance has since surpassed 6,000, while ABTC shares have fallen 85% over six months as peers pivot to AI and, in one case, fully liquidate Bitcoin reserves.