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.

Canaan agreed to acquire Cipher Mining's 49% interest across three West Texas bitcoin projects, the company said Monday in a press release. The deal was funded by issuing 806,439,900 Class A shares, equal to 53,762,660 ADS at $0.7394 per ADS, for approximately $39.75 million and a six‑month lock‑up. The ABC sites have 120 MW and around 4.4 EH/s.

Between February 17 and February 22, Strategy acquired 592 BTC for about $39.8 million, as noted in a Monday SEC filing. The company now holds 717,722 BTC, valued at roughly $47.5 billion at current prices, and funded the latest purchases through at the market MSTR share sales.

Bitcoin dropped through the $66,500–$66,000 area, briefly falling below $64,000 before marking a low at $63,351. It trades under $65,500 and the 100-hour SMA, with resistance at $64,600, $65,250, $66,000, and $66,800. A failure to clear $65,250 could retest $64,000, $63,500, and $63,200.

Bitcoin fell 5% within two hours on 22 February, sending the Crypto Fear and Greed Index to 5 on Monday, a level last seen in 2019, according to Joao Wedson. Over the past month, stablecoin supply dropped from $161.19 billion to $153.75 billion as USDT dominance rose and long‑term holders distributed 244,866 BTC on 5 February, Glassnode data show.

Bitcoin climbed to around $68,600 on Saturday before reversing to the mid-$64,000s, with traders facing heavy long-side liquidations exceeding $508 million in the last 24 hours. The Crypto Fear and Greed Index has dropped to 5 out of 100 and recent data shows seven-day net realized losses near $500 million per day, while analysts highlight an unusually negative Sharpe Ratio that some view as a potential low-risk accumulation signal.

Spot Bitcoin ETFs are set for a fourth straight month of net withdrawals in February as BTC approaches a fifth negative monthly close. According to checkonchain, ETF net assets fell from nearly $170 billion in October 2025 to $84.3 billion, while flows tracked by Axel Adler Jr. showed 11,042 BTC in outflows between Feb. 12 and Feb. 19.

Bitcoin spent 18 days below $75,000 and retested $64,200 on Monday, as risk sentiment worsened around tariff policy and equities. Historical liquidity spikes, recovering mining economics, and a shift by large speculators to net long CME futures suggest buyers added exposure, with some seeing scope for a move back toward $75,000.