Bitcoin fell sharply early Saturday session, dropping to a low of $63,019 as merchants thought-about macro considerations. Over $514 million in crypto positions have been liquidated within the final 24 hours, in line with CoinGlass information, with Bitcoin accounting for $193 million.
Bitcoin prolonged an earlier drop on Friday after a report confirmed U.S. producer costs rose greater than anticipated, suggesting that inflationary pressures stay. February is ending with losses for Bitcoin (at present down 19%), with this financial information reinforcing bets that the Federal Reserve may stay on maintain in the intervening time.
For Bitcoin, the losses prolong a months-long sell-off in crypto markets, starting with the liquidation of some $19 billion in leveraged positions in October, simply days after Bitcoin rose to an all-time excessive above $126,000.
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Bitcoin surged to a report excessive of $126,198 in October 2025. A pointy sell-off adopted, leaving digital belongings beneath stress and buyers more and more cautious. Any sustained rebound would supply aid after cryptocurrencies have been hit by a sell-off late final yr.
23,300 BTC despatched to exchanges at loss
Bitcoin prolonged its sell-off, falling beneath $64,000 with short-term holders sending 23,300 BTC to exchanges at a loss within the final 24 hours.
The Crypto Worry and Greed Index stays in excessive worry at 14. Over 9 million Bitcoin, about 45% of all tokens in circulation, is at present price lower than what its holders paid for it, in line with on-chain information. This explains why holders promote into any bounce, limiting upward momentum.
Of the primary 22 days in February, 19 noticed internet losses, which means extra holders offered beneath what they paid than above it, locking in ache, day after day.
On this context, as Bitcoin noticed one other bout of promoting over the weekend, holders despatched their cash to exchanges to not revenue however reasonably at a loss. Shifting to exchanges depicts promoting, whereas withdrawals may point out shopping for.
In keeping with Maartunn, a group analyst at CryptoQuant, short-term holders proceed to promote. Maartunn reported that within the final 24 hours, 23,300 BTC have been moved to exchanges at a loss.