Bitcoin is consolidating within a descending channel and is currently trading below the channel’s resistance trendline, where the 50MA is acting as a resistance barrier.
A decisive breakout above the channel could trigger a bullish rally in the market. Otherwise, price may continue to move within the channel.
From historical data across sources (CoinGlass, CryptoRank, Newhedge heatmaps, and various analyses): • In prior years where January was negative (e.g., 2015, 2018, 2019, 2022, and others), February typically delivered positive returns, often acting as a rebound month. • This “never both red” streak held from Bitcoin’s tradable history (roughly 2011/2013 onward through 2025). • 2026 marks the first time both opening months have closed negative, breaking that long-standing seasonal pattern. Current context (as of mid/late February 2026): • Bitcoin is trading around $66,900–$69,000 (down significantly from late-2025 highs, with YTD returns around -22%). • This makes 2026’s start one of the weakest on record (weakest Q1 opening since 2018 in some metrics). • February’s decline ranks among the larger historical February drops. What this means in the crypto/TA community context (especially on X, where such stats get hyped): It’s classic “this time it’s different” vs. “history rhymes” debate. Many bullish posters use the old pattern to signal “buy the dip” — implying February should have bounced after a red January, so a double-red setup is “extremely rare/bullish reversal incoming” (FOMO fuel: “the streak breaking means epic pump next”). But bears/counterpoints highlight: • Patterns break, especially as Bitcoin matures (post-ETF era, more correlated to macro/rates, institutional flows turning negative recently). • This could signal deeper weakness: longest monthly losing streak in years if March continues down, macro headwinds (e.g., liquidity, risk-off), or cycle dynamics shifting. • No guarantee of reversal — stats are backward-looking, and 2026 already shattered the “never both red” rule. In short: It means the old seasonal “safety net” for early-year dips is gone for the first time. Whether that’s bullish capitulation fuel or bearish confirmation depends on your bias — but it’s definitely notable and sparking a lot of discussion right now. If March turns green and reclaims $80k+, the narrative flips hard to “pattern broken = new bull leg.” Otherwise, more pain possible. HODL strong, or whatever your strategy is. 🚀📉 What’s your take — reversal soon or more downside? #MarketRebound #BTCFellBelow$69,000Again
Here’s what’s driving the crypto market down today Feb 16 2026
📉 1 Bitcoin weakness is pulling the whole market down • Bitcoin failed to stay above key resistance 70K and slid below 68K which triggered selling pressure across most coins • Bitcoins recent rejection at that level increased uncertainty and pushed traders into a risk off mindset
📊 2 Negative market sentiment and risk off trading • Traders are reducing exposure to risk assets like crypto ahead of major macroeconomic data US inflation and Fed minutes which often impacts crypto sentiment just like stocks • Liquidations and broader profit taking have elevated selling pressure
🪙 3 Altcoins falling harder than Bitcoin • Ether XRP Solana and meme coins like Dogecoin are all down as investors pull money out of smaller or speculative tokens following BTC weakness
🧠 4 Weak market catalysts and fading ETF enthusiasm • Inflows into spot BitcoinETFs have slowed which can reduce institutional buying support that had been helping price rallies
📉 5 Broader macro uncertainty and trading slowdown • Global markets and traditional assets show cautious sentiment making traders less willing to chase high volatility cryptos • Slow crypto trading volumes highlighted by Coinbases recent earnings also reflect reduced market participation $BTC
GarrettBullish has been LIQUIDATED on his $500m $ETH ETH position
He went from $142m in unrealized gains to $128m in unrealized LOSSES The modern day Su Zhu has been liquidated Whats happening in Crypto? Its All Down 🚨 𝗡𝗘𝗫𝗧 𝗪𝗘𝗘𝗞 = 𝗛𝗜𝗚𝗛 𝗩𝗢𝗟𝗔𝗧𝗜𝗟𝗜𝗧𝗬 𝗔𝗟𝗘𝗥𝗧 🚨 📅 Monday: U.S. GDP sets the macro mood 💧 Tuesday: Fed liquidity ops under the spotlight 🏦 Wednesday: FOMC decision — markets hold their breath 📊 Thursday: Fed balance sheet update = liquidity clues 🌍 Friday: Major U.S. data → China reserves over the weekend Buckle up. Volatility stays elevated. Are you positioned or just watching? 👀📈 Follow me for more crypto updates 🔔
Just love this , $PIPPIN broke the local high. Too many shorts piled up, a clear imbalance formed, and that created fuel for the move up. Markets move on liquidity not hope.
I averaged my short and will continue adding higher if the structure allows it.
This is not something I recommend copying. I use strict risk management and have enough margin my position only gets liquidated if the token does a ~120x from here, which is nearly impossible.
I still expect a dump, but they can keep squeezing shorts until most of them are gone.
Shorting OF $PIPPIN with very little amount$ gave me good one, sometimes its not just about money its about learning! May be some of you guys are playing with Long/Short just for money, I am just developing my skills , I am satisfied when it goes green, you can Copy my trade only if you like it but i will only be longing and shorting with a little amount just for learning more, I will only play or take the call if i feel it will go greener, I am opening my subscription soon, so that you all can see my calls whenever you like
CAUTION : Only invest the amount you afford to loose!