Bitcoin at Crossroads: Will it Rebound or Slip Below $60K?
ByAinvest
Monday, Feb 23, 2026 1:30 am ET1min read
BTC--
Bitcoin has fallen below $65,000, leading to 230 million dollars in leveraged long positions being liquidated in 60 minutes. A Satoshi-era whale sold 11,300 BTC worth 750 million dollars, fueling the "Bitcoin is dead" narrative. Bitcoin spot ETFs have seen net outflows, weakening structural demand. The market is in "Extreme Fear" mode, with traders reacting emotionally rather than thinking long-term. The current panic could be a bear trap or the start of a downward trend.
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