PANews February 17 News, according to Wintermute research report, as spot trading volume continues to shrink, leverage has become the main driver of short-term volatility. Without “structural buying” (long-term funds capable of absorbing selling pressure) to smooth out fluctuations, the market will experience sharp surges and drops on both the bullish and bearish sides. From a technical perspective, BTC has found support near its 200-week moving average, which historically is often the bottom of a bear market.
Wintermute believes that until clear macro signals re-emerge, every rebound will be seen as a risk-off opportunity rather than a reason to chase momentum.
For crypto, the key to returning to an upward trajectory still depends on macro clarity. The 200-week moving average remains intact, and the market has not shown structural damage, meaning that once macro uncertainty diminishes, the recovery could be faster than current sentiment suggests. In the short term, we are in a range-bound, slightly downward state; the order book is dominated by leverage, and $70,000 remains an important near-term resistance level.
Finally, a recovery may occur in the second half of 2026, but reaching that point will require patience, and most participants are probably already exhausted.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
In the past 24 hours, $836 million in liquidations occurred across the network, with long position liquidations accounting for 52%.
Over the past 24 hours, the cryptocurrency market saw liquidations totaling $836 million, with long positions accounting for $438 million and short positions $398 million. BTC and ETH were liquidated for $261 million and $209 million respectively, affecting a total of 202,130 traders. The largest single liquidation occurred on ETHUSDT_UMCBL, valued at $16.275 million.
GateNews7m ago
Bitcoin Reacts to Shifting U.S.-Iran Signals
KEY HIGHLIGHTS
Bitcoin jumps above $70K as U.S.-Iran talks signal easing tensions
BTC rallies after Trump pauses strikes, but Iran denies any talks
Crypto spikes as ceasefire hopes rise amid mixed global signals
Bitcoin crosses $71K before pullback on conflicting Iran reports
Markets swing as p
CryptoBreaking13m ago
Solana Price Prediction Teases $100 as Next Stop, while DeepSnitch AI Drives 100x Narrative Ahead of Highly-Awaited March Launch, Whereas Bitcoin Forms Deja Vu Pattern
The recent price action of Bitcoin reportedly mirrors a pattern from November through January that set the stage for BTC’s decline from around $90,000 to $60,000. This worrisome outlook reflects weak conviction among the “buy the dip” advocates.
However, DeepSnitch AI could be a breath of
CaptainAltcoin18m ago
JPMorgan Drops Bombshell: Bitcoin To $260,000 Soon!
JPMorgan Chase has reiterated its long-term outlook for Bitcoin, projecting a potential valuation of around $260,000. This estimate is based on comparative models that assess Bitcoin’s growth potential against traditional stores of value like Gold. Analysts suggest that over time, Bitcoin could
Coinfomania19m ago
