NewsBTC
Feb 20, 2026
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BEARISH 📉 : Bitcoin recovery to $76,000 could trigger significant selling

Bitcoin is trading in a tight range below BTC $70,000, with analysts divided on its next move.

  • The current price structure might lead to a push higher, but it could also attract new selling pressure.
  • Analyst Sherlock suggests that a rally to $72,000-$76,000 may not signify recovery but could be a risk zone for bulls.

$76,000 Breakeven Concerns

  • Sherlock points out that any recovery to $76,000 may tempt large holders like Strategy, which holds 714,644 BTC at an average cost of $76,052, to sell.
  • Strategy faces an unrealized loss of approximately $5.7 billion at current prices around $68,000.
  • Despite this, Strategy has no plans to sell and can withstand severe downturns.

ETF Pressure

  • Spot Bitcoin ETFs holding about 1.28 million BTC may add pressure, with an average entry price between $84,000 and $90,000.
  • Since late 2025, these funds have seen over $6 billion in net outflows.
  • Approximately 63% of invested Bitcoin wealth has a cost basis above $88,000, suggesting potential bull traps if prices reach breakeven levels.

A rise to the $72,000-$76,000 range or higher could trigger selling, posing risks for Bitcoin's stability. As of now, Bitcoin is priced at $66,980.