On February 24, 2026, Finbold said addresses with at least $1 million in Bitcoin fell by 20,564 (15.68%) since January 1, sliding from 131,125 to 110,561. The drop comes as BTC has retreated roughly 50% from its early October 2025 peak above $125,000 and as 2026 erased $800 billion from crypto, including $510 billion from Bitcoin.

On February 23, 2026, the Coinbase Bitcoin premium moved back above zero after spending most of the month negative since heavy selling on February 6. Market data showed BTC around $66,150 on Binance futures with a 0.40% hourly uptick, while spot was near $65,070 and down roughly 3% for the day.

On February 24, Glassnode said its 90‑day SMA of Bitcoin's Realized Profit/Loss Ratio slipped below 1, marking loss‑dominant selling. The firm noted that such breakdowns have often persisted for six months or longer before liquidity returns. Bitcoin traded near $63,200, down 3.6% on the day and almost 29% over a month.

Bitcoin is approaching a major bearish "death cross" on its three-day chart around February 27, with the 50-day SMA set to cross below the 200-day SMA as the asset trades near $63,158. The cryptocurrency has already dropped more than 52% from its October 2025 high above $110,000 to around $68,000, and analysts warn that historical patterns point to further potential downside toward $40,000 or even $30,000. Recent selling has pushed BTC below the $60,000 support and under both key moving averages, with broader risk-off sentiment and leverage unwinds adding pressure.

In late 2024 and into 2025, Bitcoin's price path diverged sharply from gold, weakening the narrative that it behaves like "digital gold." According to CryptoQuant's CEO, the correlation that had stayed mostly positive from 2022 to mid-2024 turned negative around the 2024 US elections, with BTC later suffering a major correction while gold climbed to new highs. As of press time, Bitcoin trades near $63,000 and far below its peak, while gold hovers around record levels and commands a market cap about 30 times larger.

With Bitcoin trading near $63,200, Polymarket markets assign a 17% chance that the price will surpass $75,000, even as technical signals and whale flows point to mounting headwinds. Large holders have reduced but not reversed selling, and strong resistance around $72,200–$73,200 contrasts with key support close to $63,300, leaving price trapped between major levels.

Bitcoin slid to intraday lows of $62,700 on Tuesday as its price retreated to around $62,800, extending the monthly loss to nearly 29%. Analysts highlight $60,000 as a critical short‑term support, warning that a deeper pullback toward $50,000 is possible amid ETF outflows and macroeconomic pressures.

On 24 February 2026, Bitcoin fell to around $62,920, marking its first sustained drop beneath the $63,000 level since 2024. The move followed a steep multi-day decline that drove the price to an intraday low near $62,700 and shifted market structure from consolidation above $66,000 to a clear breakdown toward key supports around $60,000.