$BTC
Today's Bitcoin (BTC) summary for February 17, 2026:
The Big Picture
* Price: Hovering around $68,800, struggling to hold the $70,000 psychological resistance.
* Trend: Neutral-to-Bearish. BTC is down ~12% this month and ~22% year-to-date, consolidating after a massive 2025 cycle that peaked at $126,000.
* Sentiment: Extreme Fear (9/100). While price is stabilizing, "on-chain" data shows traders are selling at an average 6–8% loss, a sign of local capitulation.
Key Drivers Today
* Institutional "Cooling": Bitcoin ETFs recorded their fourth consecutive week of outflows ($360M last week). Major players like Harvard's endowment have reportedly trimmed their ETF holdings.
* Regulatory & Macro: Markets are weighing the impact of the new Clarity Act and IRS Form 1099-DA compliance, which are adding "selling pressure" as U.S. investors prepare for the 2026 tax season.
* Silver Lining: Brazil recently proposed a National Bitcoin Reserve (aiming for 1 million BTC), and Trump Media filed for new BTC/ETH ETFs, signaling that long-term political/sovereign interest remains high.
Technical Levels
* Support: $65,100 is the immediate floor. A break below $60,000 could trigger a deeper "flush" toward $50,000.
* Resistance: Needs a daily close above $73,758 (the March 2024 peak) to confirm a true bullish reversal.
Would you like me to look up the specific liquidation heatmap to see where the biggest "short squeeze" potential is right now?