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Bitcoin Slows Its Slide, Bear Market Still in Play, Analysts Say

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Crypto Breaking News

Bitcoin (CRYPTO: BTC) has shown signs that selling pressure may be fading, though analysts caution that a durable bottom is far from guaranteed. In recent sessions, the asset has hovered around key technical levels, with the 20-day moving average offering a critical backdrop near $68,500 and volatility compressing as traders digest macro headlines. While one market update noted that BTC did not accelerate lower on risk-off news, the broader bear-market narrative remains intact for many observers, keeping upside exposure tactical rather than structural.

Key takeaways

  • Bitcoin appears to have shifted tactically rather than signaling a structural reversal, with near-term momentum stabilizing but persistent bearish conditions.
  • The price has regained the vicinity of the 20-day moving average around $68,500, and Bollinger Bands are narrowing, potentially setting the stage for a defined trading range rather than a fresh down leg.
  • BTC touched just above $70,000 in late trading on Coinbase but retraced to roughly $68,400, indicating continued volatility and intra-session shifts.
  • The $62,500 level has held on three tests, reinforcing it as meaningful support amid a broader bear-market context.
  • Bullish divergences are emerging in momentum indicators like RSI and stochastic, hinting at a possible stabilization even if the larger trend remains down.

Tickers mentioned: $BTC

Sentiment: Neutral

Price impact: Positive — a price bounce driven by crowd-long liquidations in derivatives and easing selling pressure.

Trading idea (Not Financial Advice): Hold. With no confirmed trend change, tactical exposure is reasonable while monitoring for a clear breakout or breakdown.

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Market context: The price action unfolds against a backdrop of narrowing volatility, strengthening ETF-related flows, and evolving macro headlines that influence risk appetite across crypto markets. As liquidity conditions remain nuanced, traders are weighing whether recent moves represent a genuine shift in momentum or a temporary pause within a continuing bear market.

Why it matters

The latest price dynamics matter because they illuminate how traders are positioning around a potential bottom without assuming a durable reversal. The evidence for a tactical shift—such as stabilizing momentum indicators and a guarded recovery after tests of critical support—could influence risk management decisions for both hedge funds and retail participants. Yet the overarching framework remains cautious: many analysts still classify Bitcoin as being in a bear-market regime, meaning that any bullish exposure should be limited in scope and time-bound unless a clear directional breakout occurs.

From a market mechanics perspective, several indicators align to suggest a pause rather than a pivot. Volatility appears to be compressing, ETF flows have shown resilience, and the once-widening Coinbase discount has faded, all of which are inconsistent with a market rushing into a fresh leg lower. Still, analysts caution that these are characteristics of consolidation, not confirmation of a new uptrend. The resilience around the $62,500 level—tested multiple times—provides a potential platform for range-bound activity or a gradual accumulation phase, should buyers step in at these levels with sustained interest.

Additionally, the narrative around derivatives markets cannot be ignored. Recent observations point to deeply negative funding rates as a key driver of a short-term rebound, where crowded short positions were forced to unwind as price found support. While that dynamic can produce sharp, short-lived bounces, it does not by itself constitute a lasting reversal or a trigger for sustained upward price action. The absence of durable macro catalysts—such as clear liquidity inflows or institutional commitments—underscores why traders remain cautious about calling a new bull leg.

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What to watch next

  • Observe BTC’s behavior around the 62,500 support level over the coming sessions to see if buyers maintain conviction or if bears pressure the price lower again.
  • Monitor momentum indicators (RSI, stochastic) for continued bullish divergences or a retreat back into bearish territory.
  • Track ETF flow data and any shifts in the Coinbase-related pricing discounts as signals of broader liquidity and investor sentiment shifts.
  • Watch for changes in funding rates in derivatives markets; a sustained shift back to positive funding could alter the risk-reward dynamic for long positions.
  • Keep an eye on macro catalysts that could reintroduce risk-off pressures or, conversely, catalyze renewed risk appetite in crypto assets.

Sources & verification

  • 10x Research market update: Is the Bitcoin correction over, bottom formed, or is this a bear-market trap? ( https://update.10xresearch.com/p/is-the-bitcoin-correction-over-has-the-bottom-formed-or-is-this-a-bear-market-trap )
  • Bitcoin price context and market observations referenced in BTC price coverage (Cointelegraph article on price movements and bear-market context): https://cointelegraph.com/news/bitcoin-holders-show-zero-panic-as-btc-hits-dollar70k-amid-middle-east-tensions
  • TradingView BTCUSD price data (Coinbase exchange view): https://www.tradingview.com/symbols/BTCUSD/?exchange=COINBASE
  • ETF flows and related analysis referenced in coverage of how ETF activity affects Bitcoin price dynamics: https://cointelegraph.com/news/are-bitcoin-etfs-quietly-accumulating-or-just-not-selling-the-flow-data-that-matters
  • Derivatives funding rate context and potential short-squeeze signals: https://cointelegraph.com/news/negative-bitcoin-funding-rate-may-signal-pending-short-squeeze-above-dollar70k

Bitcoin price action: tests of support and momentum signals

Bitcoin (CRYPTO: BTC) has been navigating a delicate balance between tactical resilience and structural risk. After a period in which selling pressure appeared to intensify alongside macro headwinds, the market is displaying a constellation of signals that traders read as a potential shift in near-term dynamics without confirming a new long-term trend. The most cited technical talking points center on the interaction with the 20-day moving average, the narrowing of volatility bands, and the resilience of a critical support zone around $62,500.

The 20-day moving average has re-emerged as a yardstick for assessing near-term momentum, with BTC hovering near that level at the time of writing. A tightening of Bollinger Bands reinforces the notion that price action may be compressing into a more defined range, which often precedes a breakout or a sustained consolidation. In practical terms, a break above the upper band could portend a bullish continuation, while a break below the lower band would reaffirm downside risk in a bear-market context. These technical nuances are amplified by the price’s behavior around the $70,000 mark in late sessions, where a brief ascent gave way to a retracement as traders reassessed risk and liquidity conditions.

From a supply-demand perspective, the $62,500 threshold has proven notable. It withstood tests on three separate occasions, suggesting authentic support that buyers have targeted in a market characterized by fragile liquidity. The price’s ability to rebound from the $63,000s demonstrates that demand exists at specific price points, even as overall sentiment remains cautious. In tandem, momentum indicators—specifically RSI and stochastic—have started to exhibit bullish divergences, a pattern that traders often interpret as an early harbinger of stabilizing momentum. While these signals are encouraging at the margin, they are not a substitute for a decisive trend shift, especially as macro catalysts remain uncertain.

Beyond the price action, market mechanics play a central role in interpreting the recent bounce. Negative funding rates in derivatives markets have contributed to a squeeze dynamic, where crowded short positions were unwound as price rose from the mid-$60,000s. This type of price activity is not inherently indicative of a durable reversal; it reflects the intricacies of leverage and risk parity in a market that remains susceptible to rapid shifts. The absence of broad, structural inflows—particularly from institutional buyers—keeps the door open for renewed pressure should liquidity conditions deteriorate or if macro risk sentiment deteriorates further.

Looking ahead, the market will be watching for sustained price action that can convert tactical gains into a more persistent trend. Traders will evaluate whether the momentum divergences sustain themselves, whether ETF flow dynamics continue to provide relief to selling pressure, and whether any macro event can catalyze a more pronounced shift in risk appetite. In the meantime, market participants are likely to treat any move that reclaims or holds above the $68,000–$70,000 zone as a potential cue for cautious optimism, while remaining mindful of the longer-term bear-market framework that many analysts still cite as the prevailing context.

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Solana Price Analysis: SOL Shows Recovery Signs After Reclaiming Critical Technical Level

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Solana (SOL) Price

TLDR

  • SOL retreated from $90 to test support around $85 before stabilizing near $87
  • The Relative Strength Index reads 47.68 — indicating neutral momentum without decisive bullish pressure
  • For the first time since January, SOL has moved back above the Ichimoku cloud on 4-hour timeframes
  • Technical observers identify $88.60 as a critical resistance threshold; clearing it may trigger moves toward $95–$100
  • A bullish crossover occurred as the 50MA moved above the 100MA, suggesting improving short-term momentum

Solana (SOL) is currently changing hands in the $87–$88 range following a retreat from its recent peak of $90.29. The digital asset tested levels below both $88 and $87 before stabilizing above the crucial $85 support zone.

Solana (SOL) Price
Solana (SOL) Price

The token maintains its position above the 100-hourly simple moving average at present. Trading activity over the past day totals $9.99 billion in volume, while market capitalization stands at $49.91 billion. Price action reflects a 4.70% gain across the 24-hour period.

This recent retracement pushed SOL beneath the 50% Fibonacci retracement level calculated from the $81.71 low to the $90.29 high. Chart technicians have identified a bullish trend line developing on hourly timeframes, with support clustering near $85—a level that coincides with the 61.8% Fibonacci retracement.

On March 2, market analyst BitGuru suggested that SOL might be transitioning from correction into consolidation territory. His assessment highlighted the formation of higher lows near established support zones, indicating diminishing downside momentum.

Technical observers have zeroed in on $88.60 as the immediate level that needs reclaiming. According to market commentator More Crypto Online, a successful push above Sunday’s high at $88.60 would demonstrate renewed buyer strength.

Key Resistance Levels to Watch

Immediate resistance appears at $88, followed by $90 and $92. Successfully closing above $92 would potentially clear the way for tests of $96 and subsequently $100.

Should SOL struggle to overcome the $90 barrier, downside targets emerge at $84 and then $82. Breaking below $82 could expose the token to further weakness toward $76.50.

The Relative Strength Index currently registers 47.68—positioned in neutral territory without extreme conditions. The MACD indicator shows 1.80, marginally positive but still trailing the signal line at -4.29. While bearish pressure appears to be diminishing, bullish momentum hasn’t fully established dominance.

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Solana remains positioned considerably below its major moving averages across longer timeframes. The 50-day SMA stands at $103.66, while the 100-day rests at $117.73, and the 200-day sits at $156.34.

Ichimoku Cloud Break Signals Shift

Analyzing the 4-hour timeframe reveals that SOL has successfully reclaimed position above the Ichimoku cloud—marking the first such occurrence since January. During the entire month of February, all upward movements met resistance at this cloud formation.

Additionally, the 50-period moving average has executed a bullish crossover above the 100-period moving average on 4-hour charts. Technical analyst CryptoCurb characterized this development as representing a meaningful shift in underlying trend structure.

Both moving averages are now beginning to slope upward. Chart projections presented by CryptoCurb indicate potential for movement toward $100 and higher levels, provided the token sustains its position above recently reclaimed technical zones.

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Currently, SOL is valued at $87.64 with preliminary recovery indicators emerging, though a definitive trend reversal remains unconfirmed at this stage.

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Grayscale Lays Out 3 Arguments for Long-Term Crypto Investment

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Software Stocks Under Stress: Is Bitcoin at Risk?

The crypto market has faced a significant drawdown this year, extending the decline that followed the October market crash.

However, in its latest market commentary, Grayscale Investments noted that now may be an appropriate time for long-term investors to consider allocating to crypto.

Grayscale Report Highlights AI’s Resilience Amid Crypto Market Decline

Grayscale highlighted that the crypto markets saw a notable decline in early February, following the downturn in high-growth software stocks and other equity sectors tied to early-stage technology. Market data showed that during the first week alone, the total crypto market cap dropped by around 10.8%.

The market experienced a notable decline towards the end of the first week, with Bitcoin (BTC) falling to $60,000, while other major assets also saw significant losses.

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The FTSE/Grayscale Crypto Sectors Index dropped 26% from January 30 to February 5. The report also revealed that the artificial intelligence (AI) segment emerged as the top performer in February among crypto sectors. The sector experienced a more modest drawdown compared to others.

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“The outperformance seemed due to renewed enthusiasm around AI agents — autonomous software that can work independently on your behalf to pursue a complex set of objectives. Technological innovation appears to be accelerating with the rise of agent-based systems, particularly OpenClaw — a locally hosted productivity assistant that became one of the fastest-growing open-source projects in history,” the report read.

Kite AI, centered on agent-native stablecoin payments, and Pippin AI, which develops on-chain AI agents, both saw strong performance.

However, Grayscale’s report indicated a rebound, with the FTSE/Grayscale Crypto Sectors Index recovering 4% by the end of the month. The report added that metrics such as trading volumes and implied volatility have also “settled down.”

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Grayscale Identifies Key Reasons for Long-Term Crypto Allocation

With market conditions stabilizing, Grayscale presents three core arguments for long-term accumulation. First, is the relationship between blockchain and AI. The report asserts that AI and blockchain are complementary, not competing.

“In fact, blockchains will likely be the financial rails for AI agents, given certain advantages over traditional bank-based finance — as discussed in the popular report by Citrini Research on possible AI disruptions,” Grayscale wrote.

While crypto assets declined alongside software stocks amid the market slump, the report suggested that investors may eventually differentiate between technologies disrupted by AI and those that complement it.

Second, the report pointed to stablecoin and tokenization trends. According to Grayscale, regulatory clarity, including the passing of the GENIUS Act last year, is encouraging institutional investment in stablecoins and tokenized assets. Recent actions by companies like Meta, Stripe, and BlackRock further demonstrate the sector’s growth potential.

“In February, reports indicated that Meta may reinvest in stablecoins after shelving its Libra/Diem project amid regulatory headwinds, and Stripe said in its annual letter that ‘stablecoin payments are advancing quietly and inexorably as real-world uptake continues apace.’ Separately, BlackRock said it would integrate its tokenized money market fund BUIDL with UniswapX,” the report highlighted.

Although the Clarity Act is delayed in the Senate, Grayscale highlights that its potential passage could facilitate institutional capital inflows into the asset class.

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Lastly, the firm stated that the US economy remains healthy, with some indicators suggesting further potential growth. While there is uncertainty regarding the new Fed Chair nominee, Grayscale views the overall macro environment as supportive of risk assets.

“Overinvestment in AI is a medium-term risk, but the pace of innovation remains rapid and there are still shortages of data center capacity. The market reacted negatively to the nomination of Kevin Warsh to replace Jerome Powell as Fed Chair, but we doubt he will be as hawkish in practice as some of his viewpoints while Fed governor (2006-2011) might suggest,” Grayscale said.

Thus, Grayscale Investments presents a compelling case for long-term crypto growth. However, investors must carefully assess their risk appetite and time horizon, as the crypto market’s unpredictability can affect short-term returns despite long-term opportunities.

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BitMEX Co-Founder Ben Delo Pledges $27M to London Maths Institute

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BitMEX Co-Founder Ben Delo Pledges $27M to London Maths Institute

BitMEX co-founder Ben Delo has pledged 20 million British pounds ($27 million) to the London Institute for Mathematical Sciences (LIMS), ranking it among the largest private donations ever made to a United Kingdom research institution outside Oxford and Cambridge, British magazine Times Higher Education reported on Tuesday.

The commitment includes $13.3 million paid upfront and a further $13.3 million to be released once the Mayfair-based institute matches the amount through additional fundraising, Times Higher Education reported. The gift launches a wider campaign aimed at building an $80 million endowment to secure LIMS’ long-term future, per the report.

“I would like to see LIMS winning Fields Medals and Nobel Prizes – they are already doing some world-class things and I want to help,” Delo told the magazine.

Delo said he chose to support LIMS over a larger university because it allows leading researchers to focus solely on research without teaching or administrative burdens.“They are also approaching research in an innovative way – even offering coaching on research,” he said, while criticizing UK’s “lacklustre and inconsistent approach to scientific funding.”

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Related: New donation widget lets creators accept crypto payments 24/7

Delo paid $10 million fine before receiving Trump pardon

Delo, who co-founded crypto exchange BitMEX in 2014, pleaded guilty in 2022 to US banking violations alongside his co-founders and paid a $10 million fine. He received a presidential pardon from Donald Trump in March 2025.

Delo is also a LIMS trustee, and has previously backed several causes, including neurodiversity, academic freedom and mathematical education and research. In 2025, he funded the creation of the Ben Delo Fellowship at the London Institute.

Ben Delo’s profile on LIMS. Source: LIMS

Founded in 2011 by physicist Thomas Fink, LIMS operates from the Royal Institution, in rooms once occupied by chemist Michael Faraday. The institute focuses exclusively on research, backing three-year fellowships in theoretical physics, pure mathematics and artificial intelligence. In recent years, it has supported exiled Russian and Ukrainian scientists and attracted researchers from the US.

Cointelegraph reached out to LIMS for comment, but had not received a response by publication.

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Related: ​​Top UK Labour lawmakers push to ban political donations made in crypto

UK lawmakers call for temporary ban on crypto political donations

Last week, the chair of the UK’s national security committee called for an immediate temporary ban on political donations made in cryptocurrency, warning that such payments could enable foreign interference in British elections.