đ Market Update: The Great February Washout â Trap or Opportunity?
The market is under heavy pressure today as we witness one of the sharpest "deleveraging" events of 2026. Bitcoin has slipped below the $66,000 mark, and Ethereum is battling to hold the critical $2,000 psychological floor.
Here is the 3-point breakdown of todayâs action:
The Liquidation Cascade đ: In the last 24 hours, over $218 Million in long positions were liquidated. This wasn't a "fundamental" crash but a leveraged washout, clearing out high-risk traders to create a healthier floor.
The "Fear" Index Spike đ±: Sentiment has plunged into "Extreme Fear" (11/100). Historically, when the crowd is this terrified, the "Smart Money" begins quiet accumulation. Whale inflows to Binance have hit record levels todayâwatch for a "V-shape" recovery attempt.
Infrastructure Growth đïž: Despite the price drop, the tech isn't stopping. Monad (MON) just announced its 2026 upgrade, and Ethereum staking has officially crossed 50% of total supply for the first time in history.
đĄ Pro-Trading Strategy:
The market is currently "oversold" on the 4-hour RSI.
Immediate Support: $65,000 ($BTC ) | $1,930 ($ETH )
Immediate Resistance: $68,500 (BTC) | $2,100 (ETH)
Conclusion: Volatility is the price we pay for opportunity. Don't trade with emotion; trade with levels. If the $65k floor holds, this could be the ultimate "Bear Trap."
đ Are you catching the falling knife or waiting for $60K? Letâs hear your move!
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