Bitcoin Slumps to $65,500 as Bearish Momentum Deepens in February 2026

Bitcoin (BTC) experienced a sharp decline, tumbling from $68,000 to a floor of $65,500. This latest drop brings the asset's total decline to approximately 25% since the beginning of 2026. Market analysts highlight that the $70,000 level has transformed into a 'demand vacuum,' signaling a significant lack of buying interest at higher price points. Sustained intraday bleeding has intensified selling pressure among both retail and institutional investors. Traders are now closely monitoring technical support levels to prevent further cascading liquidations across the broader crypto market. Consequently, Bitcoin is on track to conclude February with significant losses as bearish sentiment continues to dominate the landscape.