Garrett Jin BTC Deposit: Stunning $425 Million Bitcoin Transfer to Binance Sparks Market Speculation
Bitcoin, XRP Prices Rise After Crypto Bill Talks. Why It's Not Enough for a Rally.
Today
Yesterday
📉 Bitcoin Price Snapshot — Mixed But Steady Near Key Levels
As of February 21, 2026, Bitcoin (BTC) on the Binance BTC/USDT market is consolidating in a tight range between roughly $66,000 and $70,000, with most market models and prediction markets showing this as the highest probability price band for the day. �
Polymarket
Traders expect BTC to close most of today between ~$66 K and ~$68 K (~51 % likelihood) or $68 K–$70 K (~41 % likelihood), with significantly lower odds above $70 K. �
Polymarket
Short-term price trackers also indicate BTC strengthened ~1 % in the last 24 hours, trading around $67.8 K, still showing strength relative to most altcoins. �
bittimexchange
This range-bound action suggests that, despite recent volatility, Bitcoin is not crashing but rather in a period of consolidation after price swings over the past weeks. Market participants are watching key technical thresholds — a breakout above $68.5K could signal renewed upside momentum, while a breakdown below ~$65.5K could invite more selling pressure. �
MEXC
🐳 Whale Activity & Exchange Flows: Institutional Signals
One of the most noteworthy developments continues to be significant Bitcoin inflows into Binance:
A whale deposit of 6,318 BTC (~$425 million) was recently sent to Binance, making it one of the largest identifiable BTC exchange inflows in 2026 to date. �
AInvest
Over the past month, Binance has recorded very large BTC exchange flows from major holders, with whale inflows hitting the highest levels in two years — a notable indicator that large investors may be preparing for big positioning or potential sell-side pressure. �
AInvest
In crypto markets, huge whale inflows to an exchange can signal potential sell-side pressure, since large holders often move coins to exchanges before taking profits or reallocating. However, it can also reflect strategic repositioning or institutional trading strategies, not just outright selling. �
AInvest
On the broader exchange picture, Binance still ranks as a central liquidity hub for Bitcoin, emphasizing its role in global price discovery. �
The Coin Republic
🧠 Investor Sentiment & Market Psychology
Market sentiment remains divided:
📌 Bearish Indicators
Fear & Greed index shows a low sentiment reading, implying extreme fear among retail traders — a contrarian signal some analysts interpret as potentially bullish long-term because fear can precede accumulation. �
MEXC
Former Binance insiders and analysts highlight lingering macro and liquidity concerns, suggesting that while an all-time high (ATH) may occur in 2026, it’s tied more to engineered liquidity rather than broad retail participation. �
BeInCrypto
📌 Bullish Observations
Bitcoin has shown relative strength compared with many altcoins in recent weekly performance — indicating its standing as the dominant crypto asset. �
bittimexchange
Broad crypto news today includes modest cross-market gains across BTC, ETH, and XRP tied to cautious optimism around regulatory progress in the U.S. that could support institutional involvement. �
Barron's
📊 Key Technical Levels & What Traders Are Watching
Support levels:
$65,500–$66,000: Key downside floor traders watch; a close below could open room for deeper retracement.
Resistance levels:
$68,500–$70,000: Critical resistance zone. Weekly data suggest it’s been a tough ceiling to break.
$70,000+: A breakout here could trigger renewed momentum into higher ranges.
Liquidity & Order Flow:
Whale activity and exchange inflows support the idea that volume and liquidity are currently centered around these levels rather than trending strongly upward or downward.
📅 Summary Outlook (February 21, 2026)
Bitcoin continues to trade in a consolidation range on Binance while large wallets and institutional flows show significant activity. Prices are balanced between bearish sentiment and indicators of strategic accumulation. Today’s likely price action is expected to remain within the $66 K–$70 K range unless a clear breakout or breakdown catalyst emerges. Longer-term narratives are still highly dependent on broader macroeconomic events, regulatory clarity, and continued institutional participation.
⚠️ Disclaimer
This is a market summary for informational purposes only and not financial advice. Cryptocurrency prices are volatile, and trading involves risk. Always conduct your own research before making investment decisions.
