#BuyTheDipOrWaitNow? Stop asking if this is “the dip.”
Ask a better question:
Who is trapped right now?
As of mid-February 2026, Bitcoin (BTC) is hovering around the psychological battlefield between $69K–$70K. After heavy liquidation events earlier this month, weak hands are gone — but positioning tells a deeper story.
Here’s what most traders are missing:
1️⃣ Liquidity > Emotion
The recent bounce wasn’t “confidence.”
It was short covering + passive spot absorption.
If this were true strength, we’d see:
Expanding spot CVD
Sustained ETF inflows
Rising OI with controlled funding
Instead? We’re