February 27th the bitcoin (BTC) exchange rate dropped to $82.1 thousand., which was the lowest value with November 11, 2024, according to the data CoinMarketCap. The market situation has caused a state of "extreme fear" among investors, similar to the collapse of a crypto project Terra in the summer of 2022.
Reasons for the fall in the exchange rate
Still at the end of last week bitcoin was trading at $95k.however, with February 24th a sharp decline began amid reports of the possible introduction of new duties By Donald Trump for Mexico and Canada. Within a few days, BTC has updated minimum since Novemberafter reaching the mark $82k.
On 11: 00 Moscow time bitcoin recovered slightly to $86.2 thousand., having declined over the past few years day by 2.3%, and for week — by 10.7%. The share of bitcoin in the cryptocurrency market is 60,83%, according to the data TradingView.
Capital outflow from bitcoin ETF In the US, it continues eighth consecutive day. On February 26, the net outflow was $754 million, and the day before reached $1.01 billion — a record indicator. The sale of bitcoin by funds increases the pressure on the price.
General state of the crypto market
For the last 24 hours the total capitalization of the cryptocurrency market decreased by 3,8%by adding $2.97 trillion. The volume of trading in digital assets for the day reached $192 billion.
Price Ethereum (ETH) decreased to $2.35 thousand.by falling on 4.6% per day and on 13.4% for the week. This is the strongest weekly drop among the largest cryptocurrencies.
Most of the leading digital assets also fell in price. The exception was Solana (SOL), which added 1%. The token declined more strongly than the others XRP (Ripple) — on 2,5%.
Among the first hundred cryptocurrencies, the price has risen the most KAITO (KAITO)by adding 47%, and the price fell more strongly than the rest DeXe (DEXE) — on 4,8%.
Liquidations on crypto exchanges
For the last 24 hours crypto exchanges liquidated positions of 188 thousand traders by the amount of $775 million, according to the data Coinglass. On bitcoin had to $468 million, on Ethereum — $125 million. Liquidations occur when the price moves against the position of a trader with leverage, and the exchange forcibly closes his position due to lack of funds.
Fear and Greed Index
Amid the fall in the index rate fear and greed the crypto market collapsed to 10 points out of 100by entering the zone "extreme fear". The last time such low values were recorded was in June 2022when the market was experiencing the effects of the crash Terraand some cryptocurrencies are almost devalued.
Analyst CryptoQuant Axel Adler noted that the current correction of bitcoin is the largest in 2025. According to his forecast, the critical support level is the mark $80k.. In the event of its breakdown, the market may face a further collapse.
