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Deribit executive: The long-term upward trend of Bitcoin has been broken; it needs to return to $85,000 to recover.

Péquignot pointed out that if Bitcoin falls below the $60,000 support level, the next target could be $58,000. Currently, Bitcoin is fluctuating between $60,000 and $70,000, down about 45% from the October all-time high, and is facing its fourth consecutive week of decline.

Deribit executive warns of continued Bitcoin bear market: BTC price outlook bleak if it doesn't return to $85,000

On February 13, Deribit, a derivatives exchange, Chief Business Officer Jean-David Péquignot stated at the Hong Kong Consensus Conference that the long-term upward trend of Bitcoin has been "broken," and unless the price returns above $85,000, the market remains biased downward. Over the past week, Bitcoin has fluctuated between $60,000 and $70,000, down about 45% from its all-time high in October last year, recently approaching $66,600, indicating it is still in a bear market phase and may face further correction pressure. Péquignot pointed out that breaking above $85,000 would confirm buyers' control of the market and absorb all long-term downward pressure. However, before that, technical charts show the downward path remains relatively smooth, with $60,000 seen as an important psychological support level. If Bitcoin fails to hold this level, the 200-week simple moving average (SMA) at around $58,000 will become a potential final support, as many historical bear market lows have approached this moving average, making it a key bottoming area for long-term investors.

Execution, Not Hype, Will Drive Cardano 2026 DeFi Revival: Analyst

Amaryllis believes Cardano's growth hinges on execution rather than hype. Despite recent optimism from the Midnight launch and potential stablecoin integrations, long-term DeFi activity remains a concern with TVL significantly declining.

Whale sells 12,000 BTC in a single day! Bitcoin volatility soars, can the $60,000 support hold?

On February 13, Bitcoin's price volatility significantly accelerated after months of sideways trading, entering a high-risk zone. On-chain data shows that between February 5 and 6, Bitcoin first plummeted 14.3%, then quickly rebounded 12.2%, forming intense fluctuations in a short period, with both longs and shorts experiencing large-scale liquidations. Statistics from Alphractal indicate that 30-day and 180-day volatility have risen simultaneously. Such scenarios often occur after a prolonged period of low volatility, suggesting that the market may be shifting from "consolidation" to "rapid directional movement." For high leverage traders, this back-and-forth price movement greatly increases liquidation risks.

Russia's return to USD settlement triggers market turbulence. Can Bitcoin brew a reversal above $60,000?

February 13 News, geopolitical tensions continue to impact global risk assets. Since the beginning of this week, financial market capitalization has evaporated by approximately $120 billion, with major stock indices retreating to pre-election levels. Amid rising risk aversion, gold initially rebounded but experienced a 3.19% decline on February 12, indicating that market sentiment is still rapidly shifting. On the same trading day, Bitcoin fell by 1.2%, and the U.S. stock market's S&P 500 index dropped by 1.57%, showing a synchronized weakening trend. Bloomberg reported that Russia is re-expanding the use of the US dollar in cross-border settlements, a move seen as an important signal for the global currency landscape. From a technical perspective, the US dollar index, after more than a year of correction, has returned to the 2022 range, and the potential for a rebound could enhance the attractiveness of dollar assets.

Bitcoin price approaches a key support level. Can BTC rebound 23.6% to challenge the 50-day moving average?

February 13 News, Bitcoin prices continue to fluctuate near a critical support zone. The short-term downtrend has not yet reversed, but technical indicators show the market is under high tension, and a rebound window is brewing. As of press time, Bitcoin is trading around $66,381, down approximately 1.7% in the past 24 hours, with intraday volatility significantly increasing, reaching a high of $68,300 before quickly falling back to the $65,200 range. It is currently hovering around $66,000. From a multi-timeframe perspective, short-term momentum remains weak, with declines in the 1-hour, 24-hour, and 7-day charts. The 14-day and 30-day periods have each fallen more than 20% and 30%, respectively, indicating that medium-term selling pressure still dominates. The daily chart structure remains in a bearish trend, with prices well below major moving averages. The 50-day moving average is at $82,024, and the 100-day moving average is above $88,526. To retest the 50-day moving average, Bitcoin needs to rise approximately 23.6% from the current price, which is also considered the most important dynamic resistance zone at present.