Bitcoin drops under short-term cost basis after 14.94% February decline: Key metrics to watch next

Bitcoin’s February 2026 performance ended with a −14.94% monthly drop, closely echoing the near −17.39% loss recorded in February 2025. As price fell from the $100,000–$105,000 region toward the mid-$60,000 range and slid below the $89,900 Short-Term Holder Cost Basis, market stress rose, newer holders capitulated and realized losses spiked to about $4 billion–$6 billion during sharp sell-offs.