BTC Breaks Through 70,000 USDT

Data: In the past 24 hours, the entire network has liquidated $223 million, with long positions liquidated at $137 million and short positions at $85.76 million.

In the past 24 hours, the total liquidation amount across the entire network reached $223 million, with long positions and short positions liquidated at $137 million and $85.76 million respectively, involving 87,303 people. The largest single liquidation occurred on Hyperliquid, valued at $11.22 million.

BTC 15-minute increase of 0.73%: Whales' capital outflow and bullish dominance resonate to drive a short-term rebound

Between 2026-02-17 02:00 and 02:15 (UTC), Bitcoin (BTC) prices briefly surged, recording a +0.73% gain. The opening price for the interval was approximately $68,861, significantly boosting market attention. Spot and derivatives trading volumes within the window also rebounded, with bullish momentum strengthening and market volatility increasing. The main driver of this movement was large whale capital outflows and spot buy-side dominance. Latest on-chain data shows that whales net outflowed 10,316 BTC to exchanges, while transfer volume to exchanges decreased to 4,450 BTC, exerting selling pressure.

Michael Saylor: Bitcoin on-chain fees remain low after more than a decade, and the "block capacity" concern has proven unfounded

Michael Saylor posted on the X platform that Bitcoin can still be transferred quickly during bank holidays, with low transaction fees of only about $0.44. He pointed out that after concerns about scalability crises, Bitcoin's transaction fees remain low, indicating that market mechanisms and technological innovation can effectively address systemic challenges.

Bitcoin weekly RSI approaches the lows of the 2022 bear market, liquidity squeeze intensifies the bulls and bears battle

On February 17th, Bitcoin's price briefly surged to $70,000 before quickly pulling back. Due to light trading during the holiday, short-term movements were influenced by large capital flows, resulting in liquidations totaling $120 million. Technical analysis shows that Bitcoin's weekly RSI dropped to 27.8, the lowest since 2022, indicating the market may be facing a cyclical bottom signal.

Bitcoin hits the longest consecutive decline since the 2018 bear market, with a drop approaching historical extremes.

Bitcoin has already fallen 13.98% in February. If it closes lower, it will mark the longest consecutive decline since 2018, with a total drop of 52.44%. The overall cryptocurrency market capitalization is $2.33 trillion, and the Fear and Greed Index is in the extreme fear zone. Technically, Bitcoin needs to return to $100,000 to reverse the downtrend, and the current market remains in a bearish phase.