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Bitcoin price recovery falters, drops to $67k as popular analyst predicts major crash

by Catatonic Times
February 28, 2026
in Analysis
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Bitcoin stalls close to $67,000 after partial restoration from all-time highs.
On-chain knowledge reveals half of BTC is held at a loss, hinting at market fatigue.
Analyst warns deeper correction potential, with backside round $45,000.

Bitcoin’s latest restoration try has stalled just under $70,000, with the cryptocurrency slipping again to round $67,250 at press time.

The drop comes because the broader crypto market struggles to keep up upward momentum following a number of months of volatility.

After reaching an all-time excessive of $126,080 in October 2025, Bitcoin (BTC) has now retraced practically half of its worth.

All eyes are actually on the cryptocurrency because it seems to consolidate round $67,000 after the steep drawdown.

Analyst Willy Woo warns of additional draw back

Famend on-chain analyst Willy Woo has predicted a major value correction following the latest bounce.

He estimates that the bear market backside may very well be round $45,000, with extra excessive eventualities probably testing $30,000 and even decrease.

Woo’s warning stems from declining liquidity throughout spot and derivatives markets, which traditionally reduces the power of rallies.

He means that Bitcoin might briefly climb to the mid-$70,000 vary earlier than dealing with renewed downward stress.

On-chain alerts trace at market fatigue

On-chain metrics recommend that Bitcoin could also be getting into the later levels of a bear market cycle quite than the early section.

Roughly half of all circulating BTC, practically 9.2 million cash, are at present held at a loss, in accordance with the most recent weekly report by on-chain analytics agency Glassnode.

Traditionally, such ranges point out vital promoting stress and potential capitulation, but the tempo of accumulation by long-term holders hints at a market starting to stabilise.

Some analysts view these patterns as indicators that bitcoin’s value could also be nearer to a backside than the beginning of a protracted decline.

The steadiness between holders in revenue and people in loss is a vital measure of market sentiment, and it reveals that whereas short-term volatility stays excessive, there’s underlying help at present ranges.

Bitcoin ETF inflows present cautious optimism

Institutional traders have just lately stepped again into the market, with Bitcoin ETFs recording over $1 billion in internet inflows over a number of days.

This pattern follows a interval of withdrawals totalling practically $3 billion, signalling that some traders see the present value as a shopping for alternative.

Spot ETFs, specifically, are attracting consideration from long-term traders in search of regulated publicity to Bitcoin.

The renewed curiosity demonstrates that, regardless of the pullback from all-time highs, there’s confidence within the asset’s long-term prospects.

Nevertheless, inflows are usually not a assure of sustained upward momentum.

Brief-term technical indicators recommend that Bitcoin is buying and selling close to the highest of a good consolidation vary between $67,000 and $68,000, and a breakout above this zone might spark a rally, though rejection might drive the value again towards $63,000 or decrease.

 

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