SR_Crypto

Price status: BTC trades at $68,733.86, up 2.44% in 24 hours after a 4-month downtrendTechnicals: RSI below 30 signals oversold conditions, key support at $65,000, volume cooling to $46.1BCatalysts: Institutional accumulation of 577,000 BTC, U.S. Treasury halting Bitcoin sales, price 45% below long-run trendWhale activity: 744 long whale positions vs 1,249 short, long/short ratio 0.38 shows cautious sentiment 
Market Status
BTC trades at $68,733.86, up 2.44% in 24 hours but down 27.8% over the past month, reflecting a 4-month downtrendMarket cap stands at $1.37 trillion, with 24-hour trading volume at $46.1 billion, down from peak levels during the selloffBitcoin spot ETFs recorded net outflows of $410.2 million on February 12, 2026, continuing a bearish trend in institutional flowsThe Crypto Fear and Greed Index is at 8, classified as "Extreme fear," indicating maximum market pessimism
Trading Strategy
Key immediate support is at $65,500, with major support at $65,000 and a critical zone at $62,800; a break below $62,800 could target $60,000RSI at 28.5 is in oversold territory, suggesting a potential bounce, but MACD shows bearish momentum with lines converging for a possible crossoverConsider accumulation in the $65,000–$68,000 range with a stop-loss below $62,800 to manage downside riskA sustained move above $69,000 is needed to confirm a reversal, with resistance at $70,000 and $72,000
Core Driving Factors
Institutional accumulation has been significant, with 577,000 BTC (worth ~$53 billion) accumulated by U.S. custody wallets and spot ETFs over the past yearThe U.S. Treasury plans to halt sales of seized Bitcoin, retaining $15 billion for a Strategic Reserve to mitigate volatility and bolster dollar dominanceAnalysts note Bitcoin is 45% below its long-run trend and statistically inexpensive based on Z-score analysis, historically preceding a reversion within monthsWhale wallets have shown renewed accumulation, adding approximately 53,000 BTC in the past week after months of net selling
Risk Warning
Despite oversold signals, macro conditions and ETF outflows suggest downside risks remain elevated in the short term.$BTC #CPIWatch