Metakings USD Price & Performance (MTKUSD)

Bitcoin's price remains above $95,000 but struggles to break the $100,000 barrier. Spot Bitcoin ETFs, initially attracting $5.6 billion in investments, have recently seen consistent outflows. On-chain data signals declining speculative interest, while MicroStrategy’s potential $2 billion Bitcoin purchase could act as a market catalyst.1

On February 25, Bitcoin fell 7.2% to $37,450, while Ethereum dropped 6.5% to $2,100. Trading volumes surged, reflecting panic selling. Over $500 million in long positions were liquidated, and the Fear and Greed Index hit 22, indicating extreme fear. Technical indicators suggest oversold conditions, hinting at potential market stabilization.2

Bitcoin's price fell to $78,000, marking a 27% decline from its January high of $107,000. The crypto market lost $1.2 trillion in value over three months. A shift in investor behavior towards safer assets has driven the downturn, with the Fear and Greed Index plummeting to a two-year low of 14.3