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The price of Bitcoin dropped to USD 86 099 on February 26, pulling out almost $ 1.06 billion from Crypto market capitalization and sending waves throughout the industry. According to Kinglas Tracking, about 230,000 items were liquidated for the day.
As a sign of the bear, the fondness open interest of digital assets dropped to 5%, reflecting deletes among investors and owners. Data in the chain also suggest that the influx of exchange increased to 14.2%, potentially suggesting panic sales between owners. In addition, financing indicators are currently in a negative territory, which indicates that investor’s mood has changed.
Huge losses for owners, because BTC is testing 86 thousand. USD
As the best digital resource in the world, adverse bitcoins price caused many waves in the industry. Thanks to price tests below 90,000 USD, thousands of items have been liquidated and mighty payments from ETF Bitcoin funds were registered. According to many reports, the five -day outflow of ETFS amounted to $ 1.1 billion, and $ 516 million lost on February 24.
In the Twitter/x post, Intheblock He noticed that about 12% of all BTC addresses are red. Post added that this is currently the highest percentage of losses for Bitcoins from October 2024.
Because Bitcoin has fallen shortly 90,000 USD, about 12% of all Bitcoin addresses maintain the loss.
🔴 This is the highest unrealized percentage of losses from October 2024 pic.twitter.com/pnglz4g4wc
– Intotheblock (@intotheblock) February 25, 2025
Actions related to cryptocurrencies are falling
In addition to individual owners, cryptocurrency actions suffered from a recent fall in Bitcoin. Michael Saylor Strategy It is one of the largest victims, and the price of the shares has dropped by 11% in the last 24 hours. The company’s shares fall from the peak in November and now dropped by 55% of its highest.
The strategy offers a portfolio worth over $ 43 billion, including 499 096 bitcoins. As the Bitcoin price decreases, many cryptographic observers are speculated where the strategy will sell some of their assets. However, some experts rejected this idea, saying that it is doubtful that the company fully committed to Crypto.
Other resources related to cryptocurrencies have also dropped, and Robinhood (Hood) immersed by 8%, Coinbase (coin) suffered at a 6.4% decrease, and the digital marathon (mara) and Bitcoin Miners Bitdeer (BTDR) by 9% and 29 respectively and 29 %.
Conventional supplies have also passed
Bitcoin’s worse results were also felt on the wider market, and declines on conventional financial markets. The NASDAQ composite dropped by 2.8%, and S&P 500 surrendered to 2.1% of market capitalization. Observers also noticed the sudden strength of the American dollar index, which suggests that many investors are looking for “security paradise” of their investments.
Data in the chain also indicate a recent enhance in cryptographic whales. Bitcoin whales have sold over $ 1.2 billion in digital assets.
According to analysts, a decrease in Bitcoin is caused by macroeconomic conditions. The market is still spinning before the US President Donald Trump Tariff announcementand geopolitical tensions between China and the United States force some investors to think about their long -term plans.
A distinguished picture from Gemini Imagen, chart from TradingView