Data: Bitcoin price drops below $66,000, indicating a significant market movement. Investors are advised to monitor the situation closely and consider risk management strategies amid the recent volatility.

Is Avalanche (AVAX) About to Repeat Its 2020 Magic Against Bitcoin? This Emerging Fractal Suggest So!

Key Takeaways AVAX/BTC is flashing a rare fractal similar to its 2020 pre-bull run AVAX remains capped beneath long-term descending

Data: Retail investors continue to increase their Bitcoin holdings, but whale sell-offs may suppress rebound potential

ChainCatcher Message: Currently, Bitcoin prices are fluctuating mostly in the mid-$60,000 range. Market opinions suggest that retail buying can provide some "bottom support" and generate short-term momentum. However, for a sustainable rebound to form, large holders need to stop distributing and even shift to net buying. Analysis indicates that Bitcoin is not lacking retail participation at present; the key is whether whales will cease selling pressure and turn to structural buying. Otherwise, each rebound may face the risk of being sold at high levels.

Bitcoin ETF experienced a net inflow of $88.10 million yesterday.

BlockBeats News, February 21 — According to Farside Investors monitoring, yesterday the US Bitcoin spot ETF had a net inflow of $88.1 million, with IBIT experiencing a net inflow of $64.5 million. Ethereum ETF inflow/outflow was $0.

'Not A Stock:' El Salvador Defends Bitcoin Purchases Amid Market Slump

The government of El Salvador defended its continuous bitcoin purchases before critics, even as the market is currently experiencing a downturn. Vice-President Felix Ulloa stated that bitcoin was part of a reserve strategy and that the country is preparing for a world where fiat currencies will