Overview
- Bitcoin traded around $62,000–$63,000, roughly 50% below its October 2025 peak and down about 19% in February, on track for its weakest month since June 2022.
- U.S.-listed spot Bitcoin ETFs recorded about $203.8 million in single-day outflows on Monday, with February’s cumulative outflows reported near $1.2 billion, creating mechanical selling pressure.
- Derivatives data showed several hundred million dollars in leveraged long positions wiped out, including roughly $295 million in BTC longs liquidated within hours per Coinglass figures.
- Market participants tie the selloff to a broader risk-off shift linked to new U.S. tariffs, rising U.S.–Iran tensions, and an AI-driven slide in tech shares, with flows favoring traditional havens like gold.
- Analysts and traders identify $60,000 as a critical support level, warning that a decisive break could trigger cascading liquidations given thin liquidity and ongoing miner reserve sales.