Bitcoin traded between $64,000 and $67,000 at press time, showing high volatility.
About $3.8 billion in ETF outflows added selling pressure to the market.
Trade policy and tariff uncertainty triggered risk-off sentiment across the cryptocurrency space.
Bitcoin has faced strong selling pressure recently. The price dropped below the important $65,000 level during early trading hours. At its lowest point, Bitcoin traded at around $64,000. Later in the day, buyers stepped in and pushed the price back toward the mid-$67,000 area.
Throughout the session, the price moved between roughly $64,000 and $67,000 on major exchanges. This wide range shows high volatility. Traders reacted quickly to new economic data and large fund flows. The dip below $65,000 raised concern, as that level has served as short-term support in recent weeks.
One of the main reasons for the decline is renewed uncertainty around US trade policy. Sudden changes related to tariffs created fear in global markets. When investors feel unsure about the economy, risky assets often fall. Bitcoin, like stocks, reacted negatively.
Traditional safe assets such as gold and government bonds are once again attracting considerable attention. This change shows a risk-off mood in financial markets. When confidence drops, cryptocurrencies often experience faster price swings than traditional investments.
The connection between Bitcoin and global economic news has grown stronger over the past two years. Institutional investors now hold a large share of the market, making the cryptocurrency more sensitive to macro events.
Also Read - How to Protect Your Investments During a Bitcoin Market Crash
Another big reason for today’s weakness is money leaving spot Bitcoin ETFs. Recent data shows that $3.8 billion has flowed out in the past few weeks. This is very different from earlier in the cycle, when large amounts of money were flowing in.
When investors withdraw money from ETFs, the funds may need to sell Bitcoin to repay them. This adds more Bitcoin to the market and can push the price down. As outflows have continued, the strong buying support seen in 2024 and 2025 has become weaker.
Even though total inflows since ETF approval are still high, recent outflows have hurt market confidence.
On-chain data also raised concerns. A large Bitcoin transfer worth $760 million was moved to a major exchange. Big transactions are often seen as a signal that holders may plan to sell.
Exchange reserves have increased slightly, suggesting more coins are available for trading. Fear and greed indicators have shifted toward caution. Short-term traders appear more defensive, while some long-term holders remain steady.
Futures markets also showed signs of stress. Open interest dropped in some areas as leveraged long positions were liquidated. This means traders who borrowed money to bet on higher prices were forced to close their positions when prices fell.
Bitcoin is trading in a weak area right now. The $70,000 level is strong resistance. If the price moves clearly above $70,000, more buyers could enter the market, and confidence may improve.
On the downside, $60,000 is the key support level. If the price falls below $60,000, a bigger drop could happen. Right now, the market is moving sideways, but strength is low.
Bitcoin price volatility is still high. Options data shows that many traders are buying protection, which means they expect more price swings.
Also Read - When Will Bitcoin Hit Rock Bottom? Lessons from Past Cycles
The next few days are very important. The market is watching updates on US trade policy and economic news. Positive news could calm investors, while negative updates could increase fear.
ETF flow data will also matter. If money starts flowing back into Bitcoin ETFs, prices could become more stable.
At the moment, Bitcoin is in a sensitive position. The drop below $65,000 shows weakness, but the move back toward $67,000 shows that buyers are still active.
Bitcoin is strongly affected by global economic news and crypto market activity. Tariff concerns, billions in ETF outflows, and large BTC transfers to exchanges have created short-term pressure.
The next move will depend on clearer economic signals and whether institutional demand returns.
Why did Bitcoin fall on February 23, 2026?
Bitcoin dropped due to tariff-related trade concerns, a risk-off market mood, and continued ETF outflows.
What was Bitcoin’s price range today?
Bitcoin moved between roughly $64,000 at the low and $67,000 at the high during the session.
How did ETFs impact the price?
Around $3.8 billion in net outflows reduced buying demand, increasing short-term selling pressure.
What role did large exchange transfers play?
A $760 million Bitcoin transfer to a major exchange raised concerns about potential selling activity.
What are the key levels to watch next?
$70,000 acts as resistance, while $60,000 is seen as strong support in the current structure.
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