What happened in crypto today: Rising fear, $254M BTC ETF inflows & more…
Journalist
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The crypto market appears to be like prefer it’s hanging by a thread.
The Concern & Greed Index jumped 5 factors on the twenty fifth of February, nevertheless it’s nonetheless simply shy of the “concern” zone. Bulls have to step in, or Bitcoin [BTC] might slip again towards excessive concern, signaling renewed capitulation threat.
On the flip facet, there are some inexperienced shoots. Bitcoin dominance [BTC.D] is working into resistance just below 60%, however the Altcoin Season Index is holding regular in a decent vary. That implies confidence in BTC hasn’t pale as rotational flows into altcoins keep capped.
Supply: TradingView (BTC.D)
On the derivatives facet, issues look bullish, too.
The 24‑hour liquidation chart reveals longs are nonetheless getting worn out, making up 66% of the $250 million liquidated, whereas Open Curiosity (OI) remains under control, that means leverage isn’t getting out of hand.
All in all, sturdy BTC-led momentum plus cool derivatives might rapidly flip the market, making Bitcoin’s present chop really feel like a wholesome reset if sentiment swings risk-on. Notably, analysts are maintaining a tally of the upcoming regulatory readability as a possible catalyst to do exactly that.
Crypto market watches Bitcoin as bulls achieve the higher hand
The bullish indicators above again up a robust backside thesis.
On the rotation facet, buyers are leaning into utility performs, with Decred [DCR] leading 24‑hour gains, up practically 15%. No main altcoins cracked the highest movers, which simply reinforces AMBCrypto’s tackle Bitcoin dominance.
In opposition to this backdrop, strong ETF inflows are making the divergence clear. The BTC ETF pulled in $254 million within the newest document, whereas Ethereum [ETH] noticed solely $6.6 million. Backside line? Any significant rebound within the crypto market is trying prefer it’s going to run by Bitcoin.
Supply: SoSoValue
On this context, BTC hanging round $65k is beginning to really feel like a backside.
Nonetheless, it’s removed from clear-cut, as sentiment stays cautious. Due to this, analysts warn that the upcoming readability on the first of March might act both as a catalyst or as a bull lure that catches late-longs off guard.
Till then, this zone is shaping up as a high-volatility battlefield between bulls and bears. That stated, taking a look at present capital flows and the crypto market’s stance, bulls are slowly gaining the higher hand, with a possible quick squeeze looming on the horizon.
Remaining Abstract
- Regardless of cautious sentiment, Bitcoin’s chop round $65k, sturdy ETF inflows, and managed derivatives counsel a possible backside forming.
- Traders are leaning into utility performs, whereas altcoin momentum stays capped, reinforcing Bitcoin dominance amid ongoing high-volatility buying and selling between bulls and bears.
