BTC drops below 64,000 USDT

The Bitcoin bottom fractal pattern signals a 130% increase, but will it still be valid in 2026?

The Bitcoin bottom formation signal that appeared in 2023—just before the 130% surge in 2024—has re-emerged this week, raising the possibility that the price is approaching a new bullish reversal point. However, the current context of liquidity, ETF capital flows, and macroeconomic data has changed significantly.

Bitcoin Derivatives Market Undergoes Panic Selling Amid Escalating Geopolitical Tensions

The Bitcoin ($BTC) market is experiencing a significant downturn due to panic selling amid rising U.S.-Iran tensions, leading to $1.8B in derivatives sell volume within an hour. This has caused a sharp decline in trader confidence and Bitcoin's price, now around $60K.

Breaking News》Iranian President Ebrahim Raisi appoints a three-person committee to take over power, potential successors' list revealed

After the martyrdom of Iran's Supreme Leader Khamenei, the constitutional provision Article 111 was activated to establish a temporary leadership structure, consisting of a three-member committee led by President Pahlavi, the Minister of Justice, and a jurist from the Guardian Council. This is the first succession process in Iran since 1989 and faces challenges regarding military cooperation. Several high-ranking officials were killed in the latest airstrikes, and the list of successors is still uncertain, with candidates including Khamenei's son and Khomeini's grandson.

Bloomberg: After Iran's Supreme Leader's death, Bitcoin rebounds above $68,000

After Iran's Supreme Leader Khamenei's death, the crypto market quickly rebounded, with Bitcoin rising to $68,196 and Ethereum regaining the $2,000 level. The day before yesterday, the market cap lost $128 billion, but on Sunday, it recovered about $32 billion. Despite increased market volatility and more uncertainties, it is expected that clearer price discovery will occur once U.S. stocks and Bitcoin ETFs resume trading.

Bitcoin spot ETF net inflow this week is $787 million, with BlackRock IBIT leading with a net inflow of $503 million.

This week (February 23 to 27), Bitcoin spot ETF net inflows reached $787 million, with BlackRock ETF IBIT net inflows of $503 million. The total net inflows in history have reached $61.81 billion. Grayscale GBTC net inflows amounted to $89.43 million, with a current total asset value of $83.40 billion.