BTC funding turns negative as shorts build; $68K–$69K support intact on Feb 26, 2026

On Feb 26, 2026, Bitcoin’s derivatives metrics showed deeply negative funding as traders added short exposure, according to CryptoQuant. Despite the bearish futures tilt, spot price action continued to defend the $68,000–$69,000 area, with a broader range between $62,000 and $69,000 and a key support reference near $60,000.