Bitcoin prices began in 2025, with a negative performance in January, and were primarily sideways throughout the month. The negative start of the premier cryptocurrency from February to February – a drop of about $92,000 on the first day – was a sign of what's coming later this month.
Bitcoin's price then slipped under $80,000, marking one of the worst February performances in recent years. While several experts share their thoughts and analysis of this market slump, analysts at Crypto Exchange Coinbase are the latest to weigh the latest Bitcoin February records.
The Weekly Decline of Bitcoin: What's Decline?
The latest market report shows Coinbase analysts David Han and David Duon It was revealed The crypto and bitcoin markets are in a somewhat uncertain state. This change in market conditions follows a $1.4 billion buy-bit hack and a decline in the macroeconomic environment.
According to Coinbase analysts, the latest trade tariff news and the decline in consumer sentiment index affected crypto and US stock markets at the beginning of the week. However, the stock market bounced back as investors felt better after the US House of Representatives approved the year's budget the week.
Bitcoin prices, meanwhile, have not shown the same level of resilience in the last seven days, struggling to regain some of the key psychological levels above the $95,000 level. Currently, flagship cryptocurrencies are trading above $80,000, reflecting a decline of more than 12% last week.
Han and Duong believe that the Bitcoin price failure from the early blues of the week is due to the absence of a positive short-term catalyst in the crypto space. Additionally, analysts highlighted the lack of technical support within the $80,000 to $95,000 region.
Source: SoSoValue
The current weak investor sentiment has highlighted the heavy leaks that have been incurred by the US-based spot Bitcoin Exchange trading fund, with more than $2.9 billion being withdrawn last week. “At the same time, the lending market reflects risk-off sentiment as leverage drops and funding rates fall across the board,” the analyst added.
The report said nearly $2 billion in permanent futures were liquidated at the beginning of the week, significantly reducing market leverage. Meanwhile, the CME basis for both Bitcoin and Ethereum fell to 5%, the lowest since March 2023.
Bitcoin price at a glance
At the time of writing, Bitcoin is valued at around $85,200, reflecting a 0.3% decline over the past 24 hours.
The price of BTC forms a doji candlestick on the daily timeframe | Source: BTCUSDT chart on TradingView
ISTOCK featured images, TradingView chart
