Key Notes

Key Notes:

Bitcoin price will eventually follow gold’s bullish sentiment fueled by the mainstream adoption of BTC by institutional investors and nation-states.The BTC DeFi ecosystem has grown to over $6 billion led by restaking protocols from Babylon.

Bitcoin price BTC $96 656 24h volatility: 1.3% Market cap: $1.92 T Vol. 24h: $17.95 B opened the third week of February in bearish sentiment as investors braced for a tougher economic outlook amid mid-term uncertainties caused by the United States tariff wars. The flagship coin has dropped around 2% in the past two days to trade about $95.6K on Tuesday, February 18, during the mid-London session.

As a result, the fear of further Bitcoin price capitulation heightened with the BTC fear and greed index dropping to 47% at the time of this writing from 51% on Monday. The ongoing sell-the-news event, following the inauguration of US President Donald Trump earlier this year, has impacted the entire cryptocurrency industry.

According to market data from Glassnode, the capital inflows to Bitcoin have significantly declined, by nearly 30%, in the past four weeks. In the past week, Bitcoin miners have offloaded about 2K BTCs, thus reducing the miners’ reserves to 1.8 million.

With more than 90% of Bitcoin holders already in profit, the odds of heightened selloff in the near future remain palpable. According to market data from CoinGlass, the overall supply of Bitcoin on centralized exchanges has increased by about 53.4K BTCs, thus hovering at about 2.23 million.

Meanwhile, BlackRock’s IBIT and Fidelity’s FBTC accumulated over $116 million worth of BTCs on Monday, thus a net cash inflow of about $66 million for all the US spot BTC ETFs.

Bitcoin price has continued to experience heightened bearish sentiment despite Gold price recording a strong bullish trend. The flagship coin has been consolidating in a tight horizontal range between $92K and $109K since November 2024 to date.

As a result, the odds of BTC price dropping to retest the support level around $92K remains high in the coming weeks. In case the support level around $92K is breached, a major sell-off towards $75K will be inevitable.

$BTCUSD Support at 91.2K. Breakdown risks a sharp pullback as a re-test of 73.7K. For now we can only conclude that price is in a tight range and respecting the pattern boundaries. pic.twitter.com/SzVBwqVPiB

— Aksel Kibar, CMT (@TechCharts) February 18, 2025

The Bitcoin market outlook for 2025 remains robust and bullish despite the ongoing correction. The significant adoption by institutional investors has bolstered the overall BTC’s bullish outlook in the long haul. According to Bitcoin Treasuries, a total of 160 entities, led by public companies and spot ETF issuers, holds about 3.11 million BTCs in their treasuries.

The regulatory environment for Bitcoin has significantly improved in major markets, led by the United States and European countries, in the past year. Already, more than 20 states in the United States have proposed bills to adopt strategic BTC reserves.

The Bitcoin network has gradually grown to a robust DeFi ecosystem, with a total value locked (TVL) of about $6.5 billion. Recently, Tether announced that its USDT USDT $1.00 24h volatility: 0.1% Market cap: $142.50 B Vol. 24h: $37.41 B will be available on the Bitcoin network, which will further boost its mainstream adoption.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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