PANews February 20 News, on the X platform, on-chain data analysis platform glassnode stated that since early February, every attempt by Bitcoin to re-establish the $70,000 level has been met with demand exhaustion, leading to further declines. Data shows that even a net realized profit outflow of just over $5 million per hour is enough to trigger a price pullback. In comparison, during the euphoric market phase in Q3 2025, profit-taking peaked at $200 million to $350 million per hour, yet prices still maintained an upward trend, indicating significantly stronger buying support at that time. glassnode pointed out that the current market is in a structurally liquidity-tight environment, making it more challenging for Bitcoin to continuously recover the $70,000 to $80,000 range, and the rebound process may be more turbulent.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Weekly Strategy Report February 20, 2026
This week, the crypto market sentiment has slightly recovered, remaining in a weak bottoming phase. The total market capitalization is approximately $2.29 trillion, with major cryptocurrencies facing obvious short-term adjustment pressures. ETF capital outflows have significantly narrowed, and institutional risk-avoidance sentiment has improved, but overall market confidence still needs to be restored. Moving forward, attention should be paid to key support levels stabilizing and signs of capital inflow.
TechubNews13m ago
Glassnode Flags BTC Demand Exhaustion – What’s Next?
_Glassnode reports BTC demand exhaustion near $70K as Willy Woo says Bitcoin bear market remains in Phase 1._
Bitcoin market data shows rising stress as analysts track volatility, liquidity, and demand trends.
New reports indicate that the Bitcoin bear market may still be developing, while on-
LiveBTCNews31m ago
Data: Bitcoin has declined a total of 23% in the first 50 trading days of 2026, marking the worst start to the year on record.
Bitcoin declined a total of 23% within the first 50 trading days of 2026, marking the worst start in history. In January and February, it fell by 10% and 15% respectively. If the trend continues, it will be the first time in history that there are two consecutive months of decline, and it could become the weakest performance since 2022. This pullback is significant and contrasts sharply with historical trends.
GateNewsBot40m ago
ETF Bitcoin and Ethereum continue to see strong outflows, with over $296 million in capital leaving the market in one day.
On February 19, Bitcoin and Ethereum ETFs experienced significant net withdrawals, totaling 1928374656574839201 million and 1928374656574839201 million, respectively. This trend indicates cautious investor sentiment amid high price volatility and increased profit-taking.
TapChiBitcoin45m ago
Eric Trump Says He’s “Never Been More Bullish” on BTC
Eric Trump predicts Bitcoin could reach $1 million, citing growing interest and supportive policies. His comments reflect a changing political climate toward crypto, although market reaction remains cautious. The future of Bitcoin's price is uncertain.
Coinfomania50m ago
