Bitcoin is currently holding steady in the $65,900-$66,000 range – as of the morning of February 28, 2026, it has experienced a decline of around 1.8-2.7% in the last 24 hours and a weekly drop of 3-15%, reflecting the overall risk-off sentiment in the market. The 48-50% correction since the all-time high of $126,000 in October 2025 continues; although BTC briefly jumped to $70,000, it quickly retreated and is currently stuck between $65,000 and $68,000. The market is in a state of complete volatility: on Wednesday it touched $70,000 and jumped over 6% (one of the best rallies in the last 10 months), but lost momentum on Thursday-Friday due to inflation data and macroeconomic fears (expectations of a Fed rate cut have faded, gold is rising, Nasdaq is falling). Recently, there has been a recovery after falling to 62-63 thousand, but 70 thousand is now like a "defense line" – if it breaks, momentum will reverse, otherwise the 60 thousand psychology will come back into play. Current news flow and catalysts are as follows:

ETF flows have revived: There has been a net inflow of $1.1 billion in the last 3 days (led by BlackRock IBIT), and single-day records of over $506 million in recent weeks. After the $3.8 billion outflow in early January-February, institutions seem to be returning – this is "absurd strength," says Bloomberg ETF analyst Eric Balchunas, because ETF investors are not selling despite a 50% drop. Macroeconomic pressures are weighing heavily: Inflation data came in stronger than expected, hopes for a Fed rate cut have diminished, new US tariffs and geopolitical tensions are dampening risk appetite. While the Nasdaq fell by 2%, BTC also declined in parallel. Technical analysis: Bear flag patterns and head-and-shoulders-like formations are being discussed; support is at 65,000, critical at the 60-62,000 band. Resistance is at 68-70,000. The Fear & Greed Index is at "extreme fear" levels (11-14), with oversold signals but mixed overbought crossovers. On-chain and expert opinions: Long-term holders have reduced selling pressure by 67%, but are still in a clear selling position. VanEck says "orderly deleveraging," no capitulation. Names like Mike McGlone have pushed the downside down to 28,000 (taking the previous 10,000 estimate backlash), some predict a bottom of 50-38,000. On the bullish side, Bernstein predicts 150,000 by the end of 2026, some models suggest 100-150,000 potential – but 2026 could be an "off year," according to Fidelity, the support band is 65-75,000.