Bitcoin price is the worst since 2022, here are 3 things to know!

Jakarta, Pintu News – The crypto market has been rocked yet again with Bitcoin’s price dropping below $65,000, sparking concern among investors and analysts. Massive selling pressure, geopolitical uncertainties, as well as rising inflation have made the market atmosphere even more gloomy.

The Fear & Greed index for crypto even hit an all-time low, signaling panic in the digital asset community. Is this a sign of a turning point, or the beginning of a deeper decline?

Crypto Market Sentiment: Extreme Fear and Massive Selling Pressure

The Fear & Greed Index for the crypto market now stands at 5/100, signaling an “extreme fear” condition that hasn’t been seen since the bear market of 2022. For almost three weeks now, this negative sentiment has persisted without any significant signs of recovery.

Many analysts think that long-term holders (hodlers) are starting to lose confidence and are opting to exit the market. This is corroborated by the volume of cross-cryptocurrency liquidations that reached nearly $500 million in the last 24 hours.

The selling pressure at the close of the week saw Bitcoin (BTC) prices hit a local low of $64,258 before recovering slightly. Professional traders like Castillo Trading and BitBull are still hopeful of a rebound towards $75,000 to $78,200, but the majority of market participants remain pessimistic.

The increased transaction volume as the price dropped is a strong signal that selling pressure still dominates. Meanwhile, Roman traders expect a potential further drop to the $50,000 level.

External Factors: Geopolitics, Inflation, and US Tariff Policy

In addition to internal factors, the crypto market is also overshadowed by growing global uncertainty. Geopolitical tensions between the United States and Iran, as well as new tariff policies announced by President Donald Trump, are adding weight to risky assets like Bitcoin (BTC).

After the US Supreme Court ruled some of the previous tariffs illegal, Trump responded with a replacement tariff of 15%. This put pressure on US stock markets and cryptocurrencies alike at the start of the week. Inflation that continues to heat up is also a major concern, especially after Personal Consumption Expenditures (PCE) and Producer Price Index (PPI) data showed increases above expectations.

Also read: Digital Gold Price Today, Tuesday, February 24, 2026

A report from Mosaic Asset Company highlighted that consumer inflation remains well above the Fed’s target and has accelerated the most since February last year. Analysts expect volatility to remain high until the release of the latest PPI data this week. This situation has made investors more cautious about making decisions in the crypto market.

The Role of Whales and the 2022 Bear Market Pattern Reoccurs

The latest onchain analysis shows that Bitcoin (BTC) whales are still actively sending their assets to exchanges, signaling a potential massive sell-off in the near future. CryptoQuant noted that the Exchange Whale Ratio has reached 70%, a level that has historically often been followed by a significant wave of selling.

With the supply of Bitcoin (BTC) on exchanges continuing to increase and the lack of new buyers, the risk of a price drop to the $60,000 area is growing. This creates a “strategic tension” between aggressive sellers and reluctant buyers. In addition, the current price movement pattern of Bitcoin (BTC) is very similar to the 2022 bear market, especially when viewed from the anchored volume-weighted average price (AVWAP) indicator.

The price close below AVWAP in early February was a strong bearish trend confirmation signal. The market cap to realized cap growth indicator also shows Bitcoin (BTC) is in a deep bear market zone. Many analysts are now highlighting the realized price level as a potential new floor for the long term.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Cointelegraph. Hodlers have ‘given up’ at $65K – 5 things to know in Bitcoin this week. Accessed on February 24, 2026
• Featured Image: Generated by AI