Bitcoin (BTC) fell to $ 83,500 on February 26, the lowest price since November 2024. Analysts point out that the fear of the global economic recession is increasing as the main cause of this weakness. However, the pressure on the derivatives market and corporate imports is maintained at less than $ 90,000.
The selling is consistent with the news of US President Donald Trump, promoting tariffs on imports of Canada and Mexico. This led investors for long -term treasures in the United States for safety. Even the gold, which is considered to be a reliable store at an uncertainty, fell 2.2% in two days. On February 24, it fell from a record high of $ 2,956 and reflected a wider market anxiety.
Friday/USD (left) vs. bitcoin/USD (blue). Source: TradingView
Unlike large companies that support funds well, Bitcoin does not provide dividends or clear ways to earn profits in the economic downturn, such as acquiring small competitors at low prices. As a result, the S & P 500 acts as a hedge rather than a high risk investment. Analysts, such as John Butters of FactSet Project, recorded 16.9%year -on -year revenue growth in the fourth quarter.
Critics, meanwhile, argued that the strategy (formerly fine straight rigi) pushed Bitcoin to $ 100,000 with one hand. But there is no conviction that the company can continue to raise funds. The stock of the strategy decreased 19.4% over seven days and signaled the investor meeting theory of plans to secure $ 4.2 billion in capital for three years. This raises questions about Bitcoin’s ability to maintain value without such support.
BTC requires positive economic signals and AI bubbles are not helpful.
Merchants are looking for a positive economic signal in order for Bitcoin to reach $ 95,000. Artificial information giant NVIDIA will announce quarterly income after the market is closed on February 26. Many traders are concerned that the company may have difficulty due to US export restrictions on global tariffs and chips to China. Concerns about the AI bubble are also reducing the risk of investors’ risk of five -year financial yields, which have fallen the lowest level of financial yields for five years since December 2024.
High demand for fixed income assets combined with the rapid rise in gold prices often point out the fear of the market. According to the FARSIDE Investors Data, especially in the case of Bitcoin, it is a problem after the leak of Bitcoin ETF exceeded $ 1.1 billion on February 24 alone. The wave of panic sales was damaged because a large agency expected to deal with the volatility of Bitcoin and to be considered a buffer for potential economic downturn.
Find the US Bitcoin ETF Daily Pure Flow, USD. Source: COINGLASS
If the $ 6.9 billion Bitcoin monthly option expires on February 28, traders expect a low price. PUT (SELL) options are released at $ 550 million, but the bull was caught by the security guard. For example, less than $ 60 million in $ 3.7 billion in call options is set to less than $ 88,000.
As a result, there is a clear reason why Bitcoin prices should be fixed to less than $ 88,000 before the UTC expires at 8 am. As the call options are low in performance and market risk increases, Bulls lacks firepower to turn things.
Returning Bitcoin to $ 95,000 after the options mature seems to be in touch. The most likely results are not favorable to the bull and confidence is still limited.
relevant: The Wyckoff model is a $ 100K RESTEST hint and there is no Bitcoin price ‘TOP’.
This article is for general information purposes and should not be considered legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.