In February 2024, Bitcoin spot trading volumes across major exchanges have dropped to their lowest levels of the year as traders cut risk and wait for clearer macro or technical signals. According to CryptoQuant contributor Darkfost, platforms such as Binance, Gate.io and Bybit have seen monthly spot activity roughly halved since Bitcoin’s October peak, reflecting a cautious market and thinner liquidity. At the same time, CryptoQuant CEO Ki Young Ju notes that the Coinbase Premium Index has turned positive again, indicating reduced US-led selling pressure even as Bitcoin trades around $68,153.

Bitcoin is trading near $68,220 and has recently tested the $64,000–$64,400 region, while an Elliott Wave-based outlook suggests the broader fifth wave may still be unfolding. Analyst Tara highlights key support between $59,900 and $60,500, warning that a final downside move could extend toward $52,000 if the structure continues, although a reclaim of $64,000 and a break above $70,000 would strengthen the bullish case. The 4-hour RSI is nearing oversold territory, and traders are watching for a bullish divergence as a possible sign that the corrective phase is ending.

On 26 February, Bitcoin traded at $68,006 while holding above the $60K–$72K range floor, with technical indicators showing recovering momentum. U.S. spot BTC ETFs saw over $500M in net inflows on 25 February, as large holders and derivatives flows reinforced expectations for a potential breakout toward higher resistance.

Bitcoin retested $70,000 on Wednesday after Tuesday's dip to $62,500, but derivatives gauges stayed cautious into Thursday. US-listed spot Bitcoin ETFs saw $764 million of net inflows across two sessions, while the 2-month futures basis held near 2% and the 30-day options skew showed puts priced at a 14% premium to calls.

On February 26, 2026, Citi's digital asset custody head said the bank will roll out infrastructure later this year to integrate Bitcoin into traditional finance for institutions. The plan centers on direct custody, unified reporting, and 24/7 settlement to make BTC fully "bankable" within existing banking processes.

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.