Over the past 24 hours, the price of the leading cryptocurrency has risen 6%. At the time of writing, it is trading around $68,400.
The broader market followed. Ethereum rose 10% to $2,000. The biggest jump — 12% — came from Solana, up to $87.
Liquidations reached $444 million over 24 hours. The bulk of the forced closures were shorts — $50 million.
The recovery came alongside a rebound in the US stock market, led by technology and AI shares. The Nasdaq added 1.15%, the S&P 500 0.7%, and the Dow Jones 0.4%.
Crypto-linked equities also rose: Coinbase gained 13%, Strategy 8%.
US buyers return
For the first time since mid-January, the Coinbase Premium index moved back into positive territory. It is regarded as a key gauge of US capital inflows, institutional activity and overall sentiment, noted the analyst known as Darkfost.
Coinbase premium gap signals early signs of returning U.S. demand 📈
🟢 The Coinbase Premium Gap, a metric that measures the price difference between Coinbase Advanced and Binance, has recently moved back into positive territory.
This marks the third occurrence since the… pic.twitter.com/dnkqXseIwo
— Darkfost (@Darkfost_Coc) February 25, 2026
Renewed interest from American players is also reflected in bitcoin ETF flows. On 24 February the vehicles attracted more than $257 million — the highest since early February.
Bullish divergence
Analyst and trader Michaël van de Poppe pointed to a strong bullish divergence on the RSI forming on bitcoin’s daily chart versus gold.
Interesting enough;
There’s a strong bullish divergence on the daily chart of $BTC vs. Gold.
It’s not confirmed, but given the recent strength (today and yesterday) in #Bitcoin, I think a slight rotation is starting.
It’s about time. pic.twitter.com/EejyHWFbud
— Michaël van de Poppe (@CryptoMichNL) February 25, 2026
“The signal is not confirmed yet, but given bitcoin’s recent strength (today and yesterday), it seems a slight rotation is starting. It’s about time,” he wrote.
The expert known as Satoxis pointed to easing seller pressure. According to him, the sell-side order book in the BTC/USDT pair has completely emptied. The liquidity blocks that had weighed on bitcoin’s price for weeks have disappeared.
This is truly incredible.
The sell-side order book on BTC/USDT has completely flattened.
Major sell walls have disappeared.
For weeks, every time Bitcoin lost a key level, a block of 888 BTC would suddenly appear on the ask capping any attempt to reclaim that level.
Now it’s… pic.twitter.com/UfIlWOOZVo
— Satoxis (@satoxis) February 25, 2026
Previously, with each attempt by the cryptocurrency to reclaim a lost level, a block of 888 BTC would appear on the ask, blocking a move higher.
Alex Thorn of Galaxy Digital also noted that “the worst for bitcoin is behind us.” The price has approached the 200-week moving average and realized price, more than half of coins are underwater, and the RSI has reached levels that have historically accompanied capitulation lows. All this suggests the market is close to a turn, he stressed.
the worst bitcoin pain is almost certainly behind us, but there could still be some ahead. case for:
behind us:
— near 200w MA, realized price
— more than half of coins underwater
— RSI at capitulation bottom levels
— many other metrics screaming bottommore to come:
— bottoms… pic.twitter.com/NkZY8X1Fx4— Alex Thorn (@intangiblecoins) February 25, 2026
However, he warned that forming a cycle low is a lengthy process. The market could enter a protracted sideways phase without a clear direction.
If stock indices turn lower, that would also pressure cryptocurrencies. Investor apathy still “reigns”. Fundamental catalysts for growth have yet to emerge.
Earlier, the analyst known as On-Chain Mind predicted a fall in bitcoin to $35,000 in the event of a broad correction in the equity market.