#BTC
Bitcoin entered February 2026 in a fragile state.
A verified author at CryptoQuant IT Tech reported that a lack of fresh capital exacerbated bearish conditions, with weak or negative new inflows failing to offset institutional outflows from Bitcoin spot ETFs.
Bitcoin news showed that exchange data painted a clearer picture of the situation. CoinGlass reported that capital was returning to exchanges, but leverage ratios had not recovered.
Binance reported strong inflows and volume, but average leverage remained depressed. The firm characterized the environment as "post-deleveraging" and "waiting for a trigger."
During the February drawdown that sent Bitcoin to $60,000, BTC's correlation with gold remained historically low, trading more as a growth asset than a safe haven.
