The crypto market recovered over the past 24 hours, driven by structural demand and short-term positioning. Bitcoin rebounded from the $62,000 demand zone toward $68,000–$70,000, supported by $257 million in net inflows into spot Bitcoin ETFs, the largest since January.
Riya Sehgal, Research Analyst, Delta Exchange, highlighted that over $400 million in short liquidations added upside momentum.
“Improving global risk appetite, stabilising bond yields, and expectations of more accommodative financial conditions support liquidity-sensitive assets, including crypto. Bitcoin faces resistance between $69,000 and $72,900; a breakout could target $74,000, while rejection may lead to near-term consolidation or a pullback toward $66,000 support,” she said.
Meanwhile, Vikram Subburaj, CEO of Giottus, observed that Bitcoin rose by roughly 3.5 per cent over 24 hours. Intraday trade briefly approached the $70,000 handle, a price point that remains the immediate overhead resistance.
“Technically, $70,000 is the first psychological barrier. A sustained break could reopen the path toward the low-$70,000s. This is a supply zone tested earlier this month. On the downside, $65,000 remains the near-term pivot. A failure would expose $63,000, with deeper structural support costing around $60,000. This level has repeatedly attracted demand in February,” he said.
He echoed that ETF flows turned supportive. US-listed spot Bitcoin ETFs recorded net inflows of approximately $257.7 million on February 24 and $193.6 million on February 25. The back-to-back inflows suggest institutional dip-buying rather than broad liquidation, contrasting with earlier February sessions that saw uneven participation.
Macro remains the dominant driver. The US Federal Reserve’s March 17-18 meeting looms large. Market pricing continues to lean toward a potential rate cut cycle beginning in the first half of 2026. Inflation data is also due in early to mid-March. Treasury yield direction and liquidity expectations continue to influence crypto’s short-term beta to equities.
Rally sustainability depends on institutional inflows, macro stability and absorption of overhead supply. The structure points to market resilience, though confirmation above key resistance is needed for broader bullish continuation.
Published on February 26, 2026