There is no way to what happened in the cryptocurrency market last week. Take bitcoin, for example. He challenged the level of $ 100,000 on February 21, but it fell more than twenty years in the following week to divide it to the lowest level of $ 78,000 on Friday, February 28.
Although she managed to recover some land and stood more than $ 83,000 when the month ended, it still makes it the worst February for more than a decade in terms of prices. Totally unexpected development, given the strong February relationship with BTC.
The reasons behind this correction are still discussed, but most experts blame them for the controversial economic and political moves of Trump, which includes customs tariffs for many countries in addition to a somewhat unexpected approach in the Russia-Ocrane war.
The risk of uncertainty is still waving on the horizon, and it may result in a breakdown in prices; However, there are some positive signs of BTC after the weekly sales that may indicate the recovery and targeting of six -digit lands.
BTC Whales accumulate
The buyers of whales and ETF buyers are the main foes of BTC investors at the forefront of the last sales. The net flow of the United States -based Bitcoin boxes increased to a series of violence that witnessed more than $ 3.5 billion withdrawn from the money within two weeks at one point.
Whales, which are of particular importance to the market because of their ability to move the basic assets with huge purchases or sales, which are disposed of millions of BTC within days.
However, both of them saw some of the initial positive signs. ETFS recorded approximately $ 100 million in net flows on Friday, thus breaking the negative chain, while Ali Martinez said that 34600 BTC (worth $ 2.941 billion at current prices) was transferred to the accumulation governor.
More than 34600 #Bitcoin $ BTC It was transferred to the governor of accumulation! pic.twitter.com/4LETEVN29A
Ali (ali_charts) March 2, 2025
RSI and the achieved loss
The second sign, which indicates the upscale recovery in the near future is the margin of loss traders on the series. The scale is historically touched to a recovery when less than 12 % is less than 12 %, and this was not so a few days ago when BTC decreased to about 82,000 dollars.
However, the decrease to $ 78,000 paid the scale to -14 %, which means now that the date will be challenged again.
#Bitcoin $ BTC It rises historically when the merchant merchant on the series achieved a 12 % loss margin. Now, it is in -14 %! pic.twitter.com/qjkdijc3jy
Ali (ali_charts) March 2, 2025
Finally, Martinez brought the relative strength index, which tracks whether the basic origin is the peak of purchase or excessive work. If less than 30 decreases, it indicates a state of sale, which is currently for BTC, with the scale go to 24. Once again, the date is in play.
Historically, when the daily relativity index decreases to less than 30, #Bitcoin $ BTC It tends to recover. Now, he sits on 24! pic.twitter.com/5o3m7hlgijj
Ali (ali_charts) March 1, 2025
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