There\u2019s no way to sugarcoat what transpired in the cryptocurrency market in the past week. Take bitcoin, for example. It challenged the $100,000 level on February 21 but slumped by over twenty grand in the following week to dump to a three-month low of $78,000 last Friday, February 28.<\/p>\n
Although it managed to recover some ground and stood above $83,000 when the month ended, it still made it the worst February in over a decade<\/a> in terms of price performance. Quite the unexpected development, given February\u2019s solid relationship with BTC.<\/p>\n The reasons<\/a> behind this correction are still debated, but most experts blame it on Trump\u2019s controversial economic and political moves, which include tariffs on numerous countries as well as a rather unexpected approach in the Russia-Ukraine war.<\/p>\n The danger of this uncertainty still looms, and it could result in price crashes; however, there are some positive signs for BTC after the weekly sell-off that could suggest a rebound and target the six-digit territory.<\/p>\n Whales and ETF buyers are the two leading cohorts of BTC investors at the forefront of the recent sell-offs. The net outflows from the US-based spot Bitcoin ETFs skyrocketed with a violent streak that saw<\/a> more than $3.5 billion being pulled out of the funds within two weeks at one point.<\/p>\n Whales, which are of particular significance to the market due to their ability to move the underlying asset with massive purchases or sales, disposed<\/a> of millions worth of BTC within days.<\/p>\n However, both saw some initial positive signs. The ETFs registered<\/a> nearly $100 million in net inflows on Friday, thus breaking the adverse streak, while Ali Martinez said 34,600 BTC (valued at $2.941 billion at current prices) was moved to accumulation wallets.<\/p>\n Over 34,600 #Bitcoin<\/a> $BTC<\/a> have been moved into accumulation wallets! pic.twitter.com\/4LEtevN29A<\/a><\/p>\n \u2014 Ali (@ali_charts) March 2, 2025<\/a><\/p>\n\n The second signal indicating a bullish recovery in the near future is the on-chain traders\u2019 realized loss margin. The metric historically hints at a rebound when it goes below -12%, which wasn\u2019t the case<\/a> a few days ago when BTC dropped to around $82,000.<\/p>\n However, the decline to $78,000 pushed the metric to -14%, which now means that history will be challenged again.<\/p>\n #Bitcoin<\/a> $BTC<\/a> historically rebounds when the on-chain trader realized loss margin hits -12%. Right now, it\u2019s at -14%! pic.twitter.com\/Qjkdijc3jY<\/a><\/p>\n \u2014 Ali (@ali_charts) March 2, 2025<\/a><\/p>\n\n Lastly, Martinez brought the Relative Strength Index, which tracks whether the underlying asset is overbought or oversold. If it drops below 30, it suggests an oversold state, which is currently the case for BTC, with the metric going to 24. Once again, history is at play.<\/p>\n Historically, when the daily RSI drops below 30, #Bitcoin<\/a> $BTC<\/a> tends to rebound. Right now, it\u2019s sitting at 24! pic.twitter.com\/5o3m7HlgIj<\/a><\/p>\n \u2014 Ali (@ali_charts) March 1, 2025<\/a><\/p>\n\n The post 3 Bullish Signs for Bitcoin\u2019s Price in the Week Ahead<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" There\u2019s no way to sugarcoat what transpired in the cryptocurrency market in the past week. Take bitcoin, for example. It challenged the $100,000 level on February 21 but slumped by over twenty grand in the following week to dump to a three-month low of $78,000 last Friday, February 28. Although it managed to recover some […]<\/p>\n","protected":false},"author":0,"featured_media":49011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-49010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49010"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49010"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49010\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/49011"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}BTC Whales Back Accumulating<\/h2>\n
RSI and Realized Loss<\/h2>\n