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Bitcoin Trades Near $68,000 on February 21, 2026, Amid Market Consolidation and Mixed Sentiment

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Bitcoin Rebounds to $70,000 After Brutal 2022-Style Plunge; Analysts Eye

Bitcoin hovered around $68,000 on Saturday, February 21, 2026, showing modest gains in early trading as the cryptocurrency attempted to stabilize after a volatile start to the year that saw it log its weakest first 50 days on record.

Bitcoin Rebounds to $70,000 After Brutal 2022-Style Plunge; Analysts Eye
Bitcoin

The leading digital asset traded at approximately $68,100 to $68,200 in the latest 24-hour period, according to aggregated data from major exchanges and trackers like Yahoo Finance, CoinMarketCap and Investing.com. It opened the day near $67,996, reached a high of about $68,212 and dipped to a low of $67,596 before settling in the mid-$68,000 range. This represented a slight uptick of roughly 0.3% to 1% from the previous close, with trading volume moderate at around $43-47 billion over the prior day.

The price action comes as Bitcoin continues to consolidate in a symmetrical triangle pattern, with key resistance near $68,500 and support around $65,500 to $66,000. A breakout above the upper boundary could signal renewed bullish momentum, while a drop below support might trigger further downside toward $60,000 or lower, analysts warn.

The cryptocurrency has faced significant headwinds in 2026 so far. Through the first 50 days of the year, Bitcoin declined about 23%, marking its poorest start to a calendar year ever recorded, per Checkonchain data. January saw a roughly 10% drop, followed by an additional 15% slide in February — a rare back-to-back monthly decline for the asset. From its October 2025 all-time high near $126,000, Bitcoin has shed nearly 50%, reflecting broader market deleveraging and waning confidence in high-risk assets.

Several factors contributed to the weakness. Institutional outflows from U.S. spot Bitcoin ETFs totaled billions in recent weeks, with heavy net redemptions pressuring prices. On-chain metrics from Santiment showed small retail wallets increasing holdings by 2.5% since the October peak, while large “whale” holders trimmed positions by 0.8%. This divergence suggests retail buyers stepping in amid fear, but a sustained rally may require bigger players to re-engage.

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Extreme sentiment readings added to the caution. The Fear & Greed Index hit single-digit levels around 8 in mid-February, signaling “extreme fear” among participants. Retail traders remained heavily long at 66.8%, creating a contrarian bearish signal. Leverage in the futures market rose, heightening risks of liquidations if volatility spikes.

Geopolitical tensions, macroeconomic uncertainty and a loss of momentum in related narratives like AI-driven growth also weighed on sentiment. Bitwise CIO Matt Hougan noted in a recent podcast that the February 5 drop to the mid-$60,000s was “shocking” but not necessarily the “final cathartic bottom,” suggesting more shakeouts ahead before a recovery.

Despite the challenges, some positive undercurrents emerged. Institutional accumulation persisted in certain metrics, with coins moving off exchanges — a sign of long-term holding. Bitcoin Cash, a fork of Bitcoin, set transaction volume records in February amid the broader fear, highlighting niche resilience in the ecosystem.

Prediction markets reflected uncertainty. On platforms like Polymarket and Kalshi, contracts for Bitcoin’s price on February 21 clustered around $66,000-$68,000 ranges, with probabilities favoring consolidation in that band. Broader forecasts for the quarter pointed to potential recovery toward $70,000-$79,000 by end-Q1, though downside risks to $56,000 lingered if support breaks.

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Market observers remain divided. Some see the current dip as a healthy correction in a longer bull cycle, driven by orderly deleveraging rather than capitulation. Others warn of structural weaknesses, including high leverage and weak institutional inflows, that could prolong the downturn.

Bitcoin’s market capitalization stood around $1.35 trillion to $1.36 trillion, maintaining its dominance in the crypto space. The asset’s volatility persisted, with daily swings underscoring the need for caution among traders and investors.

As February progresses, all eyes remain on key levels, ETF flows and macroeconomic developments. Whether Bitcoin can reclaim higher ground or faces further tests will likely depend on renewed buying interest from institutions and a shift in broader risk sentiment.

For now, the cryptocurrency trades in a tight range, offering little clarity on its next major move in what has been a challenging 2026 so far.

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Meta reportedly weighs layoffs affecting 20% of workforce over AI costs

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Meta reportedly weighs layoffs affecting 20% of workforce over AI costs

Meta is reportedly weighing layoffs that could impact at least 20% of its workforce as the tech giant looks to offset rising artificial intelligence costs.

The cuts come as the technology company aims to offset the cost of artificial intelligence infrastructure and prepare for greater efficiency brought about by AI-assisted workers, three sources familiar with the matter told Reuters.

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The outlet added that the timing and size of the potential layoffs have not been finalized.

When reached for comment, a Meta spokesperson told FOX Business, “This is a speculative report about theoretical approaches.”

META CUTS OVER 1,000 JOBS IN MAJOR METAVERSE RETREAT

Meta CEO Mark Zuckerberg is seen arriving in at a court in Los Angeles to stand trial over a social media lawsuit.

Meta CEO Mark Zuckerberg arrives at the Los Angeles Superior Court at United States Court House on Feb. 18, 2026, in Los Angeles, California. (Jill Connelly/Getty Images / Getty Images)

According to Reuters, top Meta executives recently shared plans for the proposed layoffs with other senior leaders at the company.

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If the company were to slash 20% of its employees, the layoffs would amount to Meta’s largest restructuring since 2022 and early 2023, the outlet said.

Meta laid off 11,000 workers in November 2022 — around 13% of its workforce at the time, Reuters reported.

The company cut another 10,000 jobs months later.

JUDGE BLOCKS META FROM INTRODUCING ‘EXAGGERATED’ CLAIMS IN SOCIAL MEDIA TRIAL

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A sign outside of Meta headquarters

Meta is reportedly considering layoffs that could affect up to 20% of its workforce as the company invests heavily in artificial intelligence infrastructure. (David Paul Morris/Bloomberg via Getty Images / Getty Images)

Meta employed nearly 79,000 people as of Dec. 31, according to its latest filing.

Other major companies, including Amazon, have recently announced large-scale layoffs tied to AI developments.

In January, Amazon cut around 16,000 jobs and signaled at the time that more reductions could follow.

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Meta AI

Meta is weighing significant workforce reductions as the tech giant ramps up spending on artificial intelligence infrastructure. (Getty Images / Getty Images)

The company previously announced a first round of cuts totaling about 14,000 white-collar layoffs in October, bringing its corporate reductions to roughly 30,000 roles.

In making the cuts, which represented nearly 10% of its white-collar workforce, Amazon cited efficiency gains from artificial intelligence and broader cultural changes.

FOX Business’ Bradford Betz contributed to this report.

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Weekly Commentary: At The Brink

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Weekly Commentary: At The Brink

Weekly Commentary: At The Brink

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Sadanand Date takes charge as Sebi executive director

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Sadanand Date takes charge as Sebi executive director
Sadanand Date assumed charge as Executive Director at Sebi on March 4 to head the investigations department, the markets regulator said on Friday.

Date is a 2007-batch IPS officer of the Uttarakhand cadre.

Prior to joining Sebi, he was on central deputation to the Central Bureau of Investigation (CBI), where he served in several key roles, including Superintendent of Police in the Anti-Corruption Branch (ACB) and Bank Securities and Fraud Cell (BSFC), the regulator said in a statement.

He also headed multiple branches in Mumbai, including the Economic Offences Branch, Special Crime Branch, Special Task Branch and Anti-Corruption Branch.

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During his tenure with Uttarakhand Police, Date held several leadership positions and served as Superintendent of Police or Senior Superintendent of Police in various districts, such as Uttarkashi, Nainital, Haridwar, Udham Singh Nagar and Dehradun.


He also briefly served as Inspector General (Headquarters) and Director (Traffic) before moving to Sebi.
Date is a medical graduate and holds an MBBS degree from Grant Medical College & Sir JJ Group of Hospitals, Mumbai. He also holds a Master’s degree in Police Management from Osmania University, along with MA (Economics), LLB and LLM degrees from the University of Mumbai.

In addition, he is a Certified Fraud Examiner (CFE). He is also a recipient of the President’s Police Medal for Meritorious Service.

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Iran Conflict Triggers A Major Energy Shock

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Iran Conflict Triggers A Major Energy Shock

Iran Conflict Triggers A Major Energy Shock

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Londoners 'disproportionately' affected by fraud

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Londoners 'disproportionately' affected by fraud

According to the City of London Police, some 40% of fraud victims nationally are in the capital

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Form S-1/A Future Money Acquisition Corporation For: 14 March

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Form S-1/A Future
Money Acquisition Corporation For: 14 March

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Form 4 Target Corporation For: 14 March

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Form 4 Target Corporation For: 14 March

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Form 4 Enviri Corp For: 14 March

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Form 4 Enviri Corp For: 14 March

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BSE, NSE organise mock trading session today: Check timing, purpose, other details

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BSE, NSE organise mock trading session today: Check timing, purpose, other details
Stock exchanges BSE and NSE are conducting mock trading sessions for equity, commodity and currency derivatives on Saturday from the primary site (PR) and Disaster Recovery Site (DR). The mock trading is merely for the purpose of testing and familiarisation. The trades resulting from such mock trading will not attract any margin obligation or pay-in and pay-out obligation, and they will not create any rights and liabilities.

Trading members using third-party trading platforms can also use this opportunity to test their respective trading applications during the mock trading session for various functionalities (including exceptional market conditions), viz., various types of call auction sessions, risk-reduction mode, trading halt, block deals, etc.

Here’s the schedule of trading sessions:

– Log-in – 09:15 am to 09:45 am
– Morning Block Deal Window (PR): 09:45 am to 10:00 am
– Continuous Trading T+1 (PR): 10:15 am to 01:00 pm
– Continuous Trading T+0 (PR): 10:15 am to 12:30 pm

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– Closing: 04:00 pm to 04:10 pm
– Post-closing: 04:10 pm to 04:20 pm
– Trade Modification T+1: 04:30 pm
– Trade Modification T+0: 03:45 pmThe exchanges have urged market participants to participate actively in the mock trading sessions.

Exchanges routinely conduct mock trading sessions to test their systems to be able to provide their members with a robust & efficient system for trading with better features.

They also seek feedback from all members. The members can give their feedback for the mock trading session to exchanges by 5:00 pm.

Indian benchmark indices fell sharply on Friday, recording their third successive decline as the Iran-Israel/US war continued to dent market sentiments. The biggest drags were metals, auto, and financial stocks. In a volatile session, the broader Nifty plunged 488.05 points, or 2.06%, to close at 23,151.10, while the 30-share Sensex declined 1470.50 points, or 1.93%, to settle at 74,563.92.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

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How systematic active investing combines data, discipline and dynamic allocation to help deliver alpha

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How systematic active investing combines data, discipline and dynamic allocation to help deliver alpha
Investing has traditionally been shaped by human judgment—port analysing companies, interpreting macroeconomic signals, and making decisions based on experience and intuition. While this approach has produced many successful strategies, it is inherently constrained by human bandwidth and individual bias.

Considering the above, research teams can track a limited number of companies, process a finite volume of information, and react within time-bound constraints.

Systematic investing represents a meaningful evolution in this framework. It combines human expertise with machine-driven analytical power to create a more structured and scalable investment process.

In essence, systematic investing brings together two complementary strengths:

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  • Human insight — experience, judgment, and economic understanding
  • Machine intelligence — speed, scale, and analytical precision

This fusion allows the investment team to analyse vast datasets, evaluate market signals in real time, and apply consistent decision-making frameworks.

The result is an investment approach that is disciplined, repeatable, and resilient, which are qualities that are increasingly valuable in modern markets.

Why India Is an Ideal Market for Systematic Investing

India’s capital markets are undergoing a structural transformation. Over the past decade, the ecosystem has been shaped by several powerful trends, these include rapid growth in retail investor participation, Digitisation and faster dissemination of information, increasing market depth and sectoral diversity along with Greater liquidity and trading activityIn such an environment, the ability to process information quickly and identify signals efficiently can become a powerful competitive advantage.

This is where the Systematic Active Equity (SAE) strategies stand out.

SAE combines the alpha-seeking intent of active management with rules-based, data-driven execution frameworks that are cost-controlled and risk-managed. This allows investment strategies to identify opportunities more efficiently and implement them with discipline and precision at lower cost.

The Core Pillars of Systematic Active Equity

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1. Data-Driven Decision Making at Scale

One of the defining characteristics of SAE strategies is their ability to process vast and diverse datasets. These include traditional financial metrics such as earnings, valuations, balance sheet indicators, Market-based signals like price momentum and liquidity trends. Furthermore, the strategies also include Alternative datasets such as News sentiment analysis, Social media signals, Satellite and geospatial data, amongst others.

The objective is to identify repeatable patterns and predictive signals that can inform investment decisions. Over time, models continuously learn from new information, refine their insights, and adapt to evolving market dynamics.

2. Dynamic and Adaptive Portfolio Construction

Unlike static portfolios or purely benchmark-hugging strategies, SAE portfolios are inherently dynamic. They continuously adjust based on:

  • Signal strength
  • Changing market conditions
  • Factor performance cycles

This enables portfolios to rebalance efficiently and allocate capital where opportunities looks strong. In markets like India—where sector leadership and market themes can rotate rapidly—this adaptability becomes an important source of investment edge.

3. Integrated Risk Management

Risk management in systematic strategies like SAE is not a separate layer applied after portfolio construction. Instead, it is embedded within the investment framework itself.

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This includes:

  • Volatility targeting
  • Position sizing/weighting frameworks
  • Diversification across sectors and market caps
  • Active Risk control mechanisms
  • Analyzing factor exposures and tilting them based on strategy goals
  • Focusing on risk-return metrics like IR (Information Ratio) Alpha consistency as a target
  • Eliminating key-man risk

The goal is not only to generate returns but also to ensure consistency of outcomes across market cycles.

How Systematic Investing Reduces Behavioural Biases

Traditional discretionary investing, while driven by expertise, can sometimes be influenced by behavioural biases such as, Recency bias, Overconfidence etc

By reducing the influence of emotion and subjectivity, systematic strategies enable a more consistent and forward-looking investment process, thereby eliminating human biases by relying on , pre-defined investment rules, Data-backed signals and Objective decision frameworks

Ensuring Continuity Beyond Individuals

Another structural advantage of SAE lies in its process-driven nature. In traditional setups, fund performance can sometimes be closely associated with individual portfolio managers and hence lead to key man risk. Changes in personnel may lead to shifts in strategy or portfolio construction leading to very different risk and return orientations than originally anticipated. Systematic investing reduces this dependency. Despite changes in the investment team, the underlying models remain constant as data pipelines continue operating ensuring the overall investment philosophy remains undisturbed.

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In many ways, it is like changing the driver while the navigation system guiding the journey remains the same.

Combining Human Expertise with Machine Precision

Despite common perception, systematic investing is not about replacing human decision-making. Instead, it is about augmenting human expertise with technology.

Humans play a critical role in

Designing robust and efficient investment frameworks is important to avoid GIGO (Garbage-In, Garbage-Out)

  • Selecting relevant signals
  • Interpreting macroeconomic context to decide on active risk levels
  • Monitoring and refining models

Machines, in turn, excel at:

  • Processing vast datasets
  • Identifying patterns across markets
  • Executing strategies with speed and consistency

Together, this partnership creates a powerful investment engine—where humans define the “what” and “why,” and machines optimise the “how” and “when.”

A New Paradigm for India’s Investors

As India’s markets become more complex, information-rich, and competitive, investors increasingly require strategies that can combine discipline, scalability, and adaptability.

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Systematic Active Equity addresses this need by integrating:

  • Data-driven intelligence
  • Machine efficiency
  • AI/ML techniques
  • Human oversight and governance

The outcome is a robust and repeatable investment approach designed to navigate volatility, capture opportunities, and deliver alpha over time with controlled risk and reduced cost.

For Indian investors, this represents a shift towards a more institutional-grade investment framework incorporating global best practices.

(The author is CIO at JioBlackRock Asset Management)

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