 ▲ Calm Amid a Bloodbath… Expectations for a Bitcoin (BTC) Rally Quietly Growing Despite Massive Sell-Offs / Gemini-generated image |
As the fierce selling pressure that sent Bitcoin (BTC) and the broader cryptocurrency market tumbling nearly 40% over the past month begins to subside, an uneasy calm has settled over the market. Analysts suggest that the extreme pessimism sweeping the market and large-scale sell-offs by major whales could, paradoxically, signal a strong rebound as a true bottom forms.
According to investment media outlet FXStreet on February 16 (local time), the crypto market is currently in a fragile state of calm as the wave of selling has temporarily paused. Bitcoin and Ethereum (ETH) posted modest gains in early Monday trading, but overall market liquidity remains thin due to a U.S. holiday. During the downturn spanning late January to early February, Bitcoin plunged nearly 40% in less than a month, resembling a final capitulation phase, though confirmation of a definitive bottom may require more time.
Interestingly, news that major crypto whale Garrett Jin continues to liquidate holdings could serve as the very momentum bullish investors have been awaiting for a trend reversal. Large capital outflows typically peak near market bottoms. The current flood of headlines proclaiming the “death” of Bitcoin may indicate that bearish sentiment has finally reached an extreme, creating optimal conditions for establishing a solid bottom.
While the market’s recent relative calm marks a positive shift compared to the frenzied sell-offs of recent months, challenges remain before a full-fledged recovery can begin. Notably, precious metals—which have recently overshadowed Bitcoin’s investment appeal—continue their gradual upward trend, even after cooling slightly from their explosive rally at the start of the year.
As market participants closely watch whether Bitcoin can break above the $70,000 level, experts suggest that the $60,000 mark—its previous all-time high in 2021—could serve as the most ideal support level for initiating a new upward rally. To overcome the harsh crypto winter that gripped 2025 and 2026 and achieve a sustainable rebound, more than a simple price recovery will be required; a renewed surge of investor enthusiasm must also return.
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