Bitcoin rebounded above $67,000 after dropping to $60,030 in the early hours of 28 February. Analyst Benjamin Cowen warns the move may mirror 2022, with a potential $70,000–$84,000 relief rally before a lower high, while CryptoQuant's realized price near $72,700 and CoinGlass liquidation zones at $68,596 and $65,656 shape near‑term risk.

VIRTUAL declined 12% in 24 hours, taking its weekly loss to 11% as derivatives traders shifted sharply into short positions. Open interest in VIRTUAL perpetuals fell by $9.4 million to about $76 million, while spot buyers accumulated roughly $245,000 worth of tokens during the pullback. On-chain metrics show user numbers near 24,000 and protocol revenue down to around $32,000 from $133,000 on 14 February, highlighting weaker activity.

Bitcoin’s long-term holders are increasingly active around a cost basis of $38,900 while the spot price trades far higher, highlighting potential downside risk if historical patterns repeat. On-chain indicators show renewed coin movements and modest profit-taking from long-term investors, but recent selling has been led mainly by short-term holders.

On 24 February, Kraken announced xStock perpetual futures contracts that provide 24/7 leveraged trading of tokenized equities backed 1:1 by underlying shares in over 110 countries. Coinbase is adding spot stock trading through its Coinbase One app via a partnership with Yahoo Finance and plans tokenized U.S. equity products later this spring. These moves come as crypto market capitalization hovers near $2.24 trillion after a 47.5% drop since the 6 October 2025 crash, while the S&P 500 has gained 17% over the same period.

Bitcoin has seen about $1.163 trillion erased from its market capitalization since its October peak of $2.515 trillion, while U.S. institutional appetite has weakened and ETF redemptions have risen. Around $2.81 billion has left U.S. spot Bitcoin ETFs over the last two months, and recent spot net buying of roughly $305 million across three days points to fragile demand as retail traders try to absorb ongoing selling pressure.

Ethereum Classic declined nearly 9% over the past 24 hours as derivatives metrics turned decisively bearish. CoinGlass data show about 9% of liquidity left the ETC perpetual market, leaving open interest around $90.12 million and the OI-weighted funding rate at -0.0282. A move above $9.94 would be needed to challenge the broader downtrend.

Bitcoin stayed range-bound below $68,009 and hovered near $68,085, with a dense liquidation cluster around $69,000 acting as resistance. Sell-side dominance in the Buy/Sell Pressure Delta points to lingering downside risk, while futures volume fell 48% to $31.97 billion and options volume dropped 59% to approximately $992 million.

In February, the crypto market posted its fifth consecutive red monthly close as search interest for "crypto" fell toward 2022 lows. About $1.96 trillion has exited the sector and Bitcoin dominance sits at 58.29%, pointing to fragile liquidity and a recovery setup that remains unconfirmed.

MemeCore fell 9.5% in the past 24 hours, with sentiment leaning bearish and its CoinMarketCap ranking under pressure. Spot volume shifted just 0.3% to roughly $5.82 million and holder counts dipped from 6,710 to 6,700, according to CoinMarketCap. CoinGlass flagged a 14.7% capital outflow and funding near neutral.