In the past 24 hours, the price of the leading cryptocurrency has risen by 6%. At the time of writing, it is trading around $68,400.
Hourly chart of BTC/USDT on Binance. Source: TradingView.
Following Bitcoin's lead, the rest of the market also surged. Ethereum's price increased by 10% to $2,000. The largest jump was recorded by Solana, which rose by 12% to $87.
Source: CoinGecko.
The total liquidation volume reached $444 million in 24 hours, with the majority of forced closures coming from short positions, totaling $50 million.
Recovery occurred alongside a rebound in the U.S. stock market, led by technology and AI stocks. The Nasdaq gained 1.15%, the S&P 500 rose 0.7%, and the Dow Jones increased by 0.4%.
Crypto-related stocks also saw gains: Coinbase's stock rose by 13%, while MicroStrategy increased by 8%.
Return of U.S. Buyers
For the first time since mid-January, the Coinbase Premium Index has returned to the "green" zone. This is considered an important indicator of capital inflow from the U.S., institutional investor activity, and overall market sentiment, noted analyst Darkfost.
Coinbase premium gap signals early signs of returning U.S. demand š
ā Darkfost (@Darkfost_Coc) February 25, 2026
š¢ 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 theā¦ pic.twitter.com/dnkqXseIwo
The return of interest from American players is further confirmed by data on Bitcoin ETFs. As of February 24, these instruments attracted over $257 millionāthe highest figure since early February.
Source: SoSoValue.
Bullish Divergence
Analyst and trader Michaƫl van de Poppe pointed out a strong bullish divergence forming on the daily chart of Bitcoin against gold using the RSI.
Interesting enough;
ā MichaĆ«l van de Poppe (@CryptoMichNL) February 25, 2026
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
āThe signal is not yet confirmed, but considering Bitcoin's recent strength (today and yesterday), it seems a slight rotation is beginning. It's about time,ā he wrote.
Another expert, Satoxis, noted a decrease in selling pressure. He stated that the sell-side order book for the BTC/USDT pair has completely flattened. The liquidity blocks that had been pressuring Bitcoin's price for weeks have disappeared.
This is truly incredible.
ā Satoxis (@satoxis) February 25, 2026
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 itāsā¦ pic.twitter.com/UfIlWOOZVo
Previously, every time the cryptocurrency attempted to regain a lost level, a block of 888 BTC would appear in the sell orders, blocking upward movement.
Alex Thorn from Galaxy Digital also noted that "the worst for Bitcoin is behind us." The price is approaching the 200-week moving average and realized price, with more than half of the coins currently at a loss, and the RSI has reached levels historically associated with capitulation bottoms. All of this suggests that the market is close to a reversal, he emphasized.
the worst bitcoin pain is almost certainly behind us, but there could still be some ahead. case for:
ā Alex Thorn (@intangiblecoins) February 25, 2026
behind us:
ā near 200w MA, realized price
ā more than half of coins underwater
ā RSI at capitulation bottom levels
ā many other metrics screaming bottom
more to come:
ā bottomsā¦ pic.twitter.com/NkZY8X1Fx4
However, the expert warned that forming a cycle low is a lengthy process. The market may enter a prolonged sideways phase without a clear direction.
If stock indices turn downward, it will exert pressure on cryptocurrencies as well. Additionally, there remains a sense of apathy among investors. Currently, there are no fundamental catalysts for growth.
Recall that analyst On-Chain Mind predicted a drop in Bitcoin to $35,000 in the event of a significant correction in the stock market.