23,300 BTC Transferred to Exchanges at Loss Amid Bitcoin's Decline

News Flash 2026-02-28 20:45

Bitcoin's price fell to $63,019, marking a 19% decline in February, as 23,300 BTC were moved to exchanges at a loss. This movement reflects ongoing selling pressure from short-term holders amid macroeconomic concerns, including rising U.S. producer prices. Over $514 million in crypto positions were liquidated in the past 24 hours, with Bitcoin accounting for $193 million of the total. The Crypto Fear and Greed Index remains in extreme fear at 14, with 45% of Bitcoin in circulation currently valued below purchase price. This has led to continued selling, as holders seek to minimize losses. The recent sell-off extends a trend that began after Bitcoin's all-time high of $126,198 in October 2025, with the market still under pressure from previous leveraged position liquidations.

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