Bitcoin Trades Under $70,000 as On-Chain Metrics Signal Low-Risk Accumulation Zone

On 14 February 2026, Bitcoin continued to trade below $70,000 while on-chain data from Santiment pointed to conditions often associated with late-stage market corrections. Large holders reportedly accumulated over 18,000 BTC in four days, MVRV ratios moved deep into negative territory, trading volume dropped 61%, and funding rates turned neutral to negative, suggesting a potential setup for heightened volatility rather than a simple continuation of the downtrend.