Following the February 15 difficulty recalculation, Bitcoin recorded its largest six-month decline in mining difficulty, reverting toward August 2025 levels. The shift, linked to seasonal and elective shutdowns, eases pressure on miners as BTC trades near $68,841.76 and below estimated production costs.

Onchain analyst and early Bitcoin adopter Willy Woo recently argued that markets are beginning to factor in quantum computing risk, challenging Bitcoin's multi-year valuation outperformance versus gold. He warned that around 4 million "lost" BTC and roughly eight years of enterprise accumulation could potentially re-enter circulation in a future "Q-Day" scenario, affecting Bitcoin's scarcity narrative and long-term pricing.

Michael Saylor signaled that Strategy is preparing another Bitcoin acquisition, extending a twelve-week accumulation streak despite heavy market volatility. The company last bought Bitcoin on February 9, adding 1,142 BTC for over $90 million and lifting its holdings to 714,644 BTC valued at about $49.3 billion at that time. Strategy has kept buying even after Bitcoin fell more than fifty percent from its prior peak above $125,000, while its mNAV has dropped to around 0.90 amid broader pressure on listed crypto treasury firms.

MicroStrategy chairman Michael Saylor claims the company could still fully cover its roughly $6 billion in net debt even if Bitcoin plunged 88% to $8,000. Management also outlined a plan to convert its existing convertible notes into equity over the next three to six years while continuing to buy Bitcoin despite more than $5 billion in unrealized losses.

Bitcoin has rebounded toward the $70K–$72K region after a sell-off from above $75K drove the price into the $60K demand zone, where buyers stepped in. The move is still unfolding inside a descending channel, and as long as BTC trades below $75K–$80K, it is treated as a corrective bounce with $70K–$72K acting as key resistance and $60K as the main support area. A break above $72K could open the way to $75K and higher, while failure there may send the price back toward $65K and possibly $60K.

Bitcoin has fallen back under $69,200 after failing to sustain levels above $70,000, with technical readings and onchain indicators signaling a fragile phase in its current cycle. The CVDD metric, cited at $45,225, is being watched as a historically important long-term support zone even as intraday charts highlight resistance near $69,500 and possible downside toward $66,500. Traders are weighing short-term speculative flows against conviction-based holding, with price action clustered around the $68,000–$70,000 band.

Bitcoin has fallen 22.3% year-to-date and could be heading for its weakest first quarter since 2018. The asset opened the year near $87,700 and slid to lows around $68,000. January dropped 10.2% and February is down 13.4% so far, with $80,000 needed to avoid a second straight red month.

MicroStrategy plans to gradually convert around $6 billion of its convertible bond debt into equity over a three‑to‑six‑year period, aiming to lessen leverage on its balance sheet. The firm says its Bitcoin reserves of roughly $49 billion, or 714,644 BTC, would still fully cover its debt even if BTC fell about 88% to $8,000, while its share price remains 70% below a mid‑July all‑time high.