📉 Bitcoin (BTC) — trading around $65,700, down sharply from recent highs.

📉 Ethereum (ETH) — around $1,930, also lower and in a bearish trend.

📉 Solana (SOL) — near $79, significantly below earlier cycle peaks.

🧨 Market Overview — February 2026

📌 Major Downturn & Sentiment

The crypto market has been in a significant downturn, with Bitcoin losing about half its value from late-2025 highs (~$125,000) to around $64K now — its lowest in over a year. Ether has also dropped sharply.

This decline has wiped trillions off the global crypto market cap, erasing much of the post-election rally and broadly shaking investor confidence.

Liquidations of leveraged crypto positions have added to volatility.

📉 Broader Market & Impact

Major crypto companies like Gemini announced layoffs and strategic retreats amid the slump, showing real pressure on the industry.

Risk assets overall (including tech stocks) have seen sell-offs that often correlate with crypto weakness.

📊 Sentiment & Risk

Fear & Greed sentiment is tilted toward “fear”, reflecting cautious or negative sentiment among traders and investors. (Multiple recent reports describe weak sentiment across assets.)

Technical supports (like BTC holding above key price floors) are being tested — if broken, deeper declines could unfold.

⚖️ Macro Drivers

Regulatory scrutiny and uncertainty continue to be a theme influencing prices.

Macro headwinds such as possible tighter monetary policy and geopolitical risks are pushing risk-off behavior across markets.

🧠 Long-Term Views (contrasting)

Some strategists argue that bitcoin could look attractive longer term if miners adjust production costs and sentiment improves — but this is a longer-horizon thesis, not near-term price support.

📌 Key Takeaways

Current condition:

✔️ Broad bearish trend across major cryptos

✔️ High volatility and large price drawdowns

✔️ Market sentiment cautious to negative

✔️ Ongoing liquidations and risk-off environment

Risks:

• Continued sell-offs if support levels break

• Regulatory and macro uncertainty

• Reduced institutional appetite in the short term

Possible positives (long term):

• Some analysts see value at lower price levels

• Periods of “extreme fear” can precede eventual recovery