On February 23, 2026, analyst Rekt Capital warned that Bitcoin could revisit capitulation-style declines similar to 2018 and 2022 if it loses support at the 200-week exponential moving average around $68,300. He notes that a weekly close below this level followed by a failed retest has historically triggered further downside, while recent weekly closes above it have so far delayed a bearish confirmation.

Bitcoin dropped within hours from $67,800 to a 17-day low of $64,350 on February 22/23 after renewed tariff moves by President Trump, before stabilizing near $66,000. Analyst Ali Martinez highlighted $58,500, $54,440, and $41,500 as the next major on-chain support areas if the decline continues. Altcoins also fell, while liquidations neared $500 million and open interest retreated to $19.5 billion amid rising retail fear.

Bitcoin fell more than 4% on Monday to a low of $64,300, triggering $458 million in liquidations, with 92% coming from leveraged long positions. The pullback drove the Crypto Fear and Greed Index down to 5 out of 100, a level reached only three times since 2018, while on-chain and technical signals indicate ongoing investor stress and a cautious outlook.

Bitcoin fell more than 5% below $65,000 in early Asia trading on Monday, as fresh tariff headlines stirred nerves. CoinGecko data shows about $464 million was liquidated in the past 24 hours; traders warn a daily close above $71,000 is needed, with bears watching $42,000–$45,000.

In early Monday trading, Bitcoin fell more than 4% over the past 24 hours to $64,915.62 after briefly reaching $68,600 on Saturday. CoinGlass reported $458 million in liquidations affecting over 136,000 traders, mostly leveraged longs, while Alternative.me’s fear gauge dropped to 5. Gold rose about 2% as broader risk assets softened.

Bitcoin-treasury firm Strategy has accumulated 717,131 BTC since its first purchase in August 2020 and has executed 99 separate Bitcoin buys so far. On a Saturday X post, chairman Michael Saylor hinted that the firm is preparing for its 100th acquisition by sharing a StrategyTracker chart titled "The Orange Century." Strategy has added Bitcoin for 12 straight weeks in 2026, while its share price has climbed about 950% since its initial BTC move.

Bitcoin (BTC) is facing intense selling pressure on February 23, 2026, crashing over 5% to test critical support at $64,632. With the Fear & Greed Index signaling extreme fear and five weeks of consistent ETF outflows, the market is at a pivotal "break or bounce" level. Explore the technical breakdown and why analysts believe the CLARITY Bill remains the ultimate long-term catalyst for a $150,000 recovery.

Bitcoin dropped more than 5% after failing to hold above $68,000 and is now trading under $66,500 and the 100-hourly simple moving average. The BTC/USD pair formed a low near $64,203 and is attempting a short-term recovery toward resistance between $66,000 and $66,400. If the price falls back below the $64,500–$64,200 support area, another move toward $63,500 or even $62,850 could follow.