Today, February 12, 2026, the crypto market is grappling with a heavy "Extreme Fear" sentiment (9/100 on the Fear and Greed Index) as Bitcoin and Ethereum struggle to hold key support levels following a sharp downturn earlier this year.
However, institutional activity remains high, with major players using the dip to reposition. Here is the breakdown:
## Market Overview & Prices
The market is currently in a "selective engagement" phase. While retail traders are cautious, institutional ETF flows remain active.
## Key Headlines Today
Hong Kong’s Major Crypto Push: In a massive regulatory win, Hong Kong’s SFC announced it will allow Bitcoin and Ethereum to be used as collateral for margin financing. This is part of a broader strategy to establish the city as a premier virtual-asset hub.
Binance Aggressively Dip-Buying: Reports confirm Binance recently purchased roughly $300M in Bitcoin to bolster its SAFU (Secure Asset Fund for Users) reserve, bringing the total holdings to over $720M.
Coinbase Earnings Looming: All eyes are on Coinbase as they report earnings today after the market closes. Analysts are cautious following a recent 11% sell-off in Robinhood shares, though Coinbase’s high-profile Super Bowl marketing has kept them in the spotlight.
Thailand’s Regulatory Shift: The Thai Cabinet has approved changes to include crypto assets under the Derivatives Act, allowing for regulated crypto-linked contracts and broader institutional participation.
## Analyst Sentiment
"The current 'Extreme Fear' reflects a lack of short-term catalysts, but institutional conviction is visible. Historically, February has seen rebounds 9 out of the last 13 years, with an average gain of 14%."
While the technical outlook remains bearish in the immediate term—specifically with Bitcoin trading below its 200-week EMA ($68,000)—some analysts believe we are approaching a "generational bottom" for 2026.
#MarketRebound $BTC