Bitcoin Price Retreats from $70,000 Highs
Bitcoin price is hovering around $67,500 after retreating from highs near $70,000. The spike to intraday peaks on Wednesday sparked chatter across Crypto Twitter about BTC potentially bottoming out and prospects for a sharp uptick. Despite bullish sentiment permeating the crypto market, macroeconomic and geopolitical headwinds have made it difficult for Bitcoin to break higher since recovering from lows near $60,000 in early February.
Influence of Nvidia Earnings and Market Reaction
The bellwether crypto asset surged toward $70,000 ahead of Nvidia's earnings report on February 25, 2026, benefiting from anticipation similar to gains across equities. However, despite strong AI-driven results, stock futures stalled, Nvidia shares fell more than 5% at open on Thursday, and BTC pulled back to around $67,500. This reaction to the chip giant's earnings beat impacted Bitcoin's momentum.
Half a bil into bitcoin ETFs yesterday, biggest day in a while, +$750m over past two days, right as obituaries were being published. They needed it too, like a hitter in a slump going yard. YTD is now under $2b in outflows. Unclear still tho if this is legit start to rebound or…
ETF Inflows Amid Mixed Signals
US spot Bitcoin ETFs snapped a recent losing streak with over $750 million in net inflows over two days, leading many traders to remain upbeat despite the pullback. This flip has the market trending with mixed signals, as year-to-date outflows drop under $2 billion. However, institutional demand remains low, potentially limiting upside.
It’s very tempting to speak about Lengthening Cycles in a Bitcoin Bull Market. After all, nobody wants to see a sunny day end. It’s equally very tempting to speak about the Bitcoin Bear Market bottom already being near. Everybody wants Winter to end, and the sooner the… The shortest Bitcoin Bear Market lasted 365 days. Bitcoin is currently ~140 days into its current Bear Market. Any talk of the Bear Market being over already is probably premature.
Technical Outlook and Bear Market Warnings
Technically, Bitcoin's retreat from $70,000 exposes support at $68,000-$68,500, with a breakdown to $67,500 risking acceleration toward $60,000. Rekt Capital emphasizes that bulls remain vulnerable as long as price fluctuates below the 200-week exponential moving average, which has acted as resistance in previous bear markets like 2018. Ultimately, as long as Bitcoin remains below the 200-week EMA, history suggests price will favor additional downside. Spot ETF inflows, on-chain metrics, and macro shifts could influence this cycle, but the technical picture points to caution.
