Bitcoin Climbs Back Above $67K Despite 100 Days of Losses and $730B Market Wipeout

Bitcoin has climbed back above $67,000 as whale inflows to Binance reached their highest level since 2024. The recovery comes despite a severe $730 billion contraction across the broader cryptocurrency market over the past 100 days.

The leading cryptocurrency now trades at $67,716.62, posting a 2.12% gain in 24 hours. However, weekly performance remains negative at 1.83%. The market cap stands at $1.35 trillion following a 1.95% recovery in the latest session.

According to Lookonchain, Bitcoin ETFs continue facing outflows. Daily net flow reached negative 2,414 BTC, equivalent to $160.71 million. The seven-day net flow totaled negative 7,194 BTC, worth approximately $479 million.

Feb 20 Update:#Bitcoin ETFs:
1D NetFlow: -2,414 $BTC(-$160.71M)🔴
7D NetFlow: -7,194 $BTC(-$479M)🔴#Ethereum ETFs:
1D NetFlow: -57,543 $ETH(-$110.83M)🔴
7D NetFlow: -65,691 $ETH(-$126.52M)🔴#Solana ETFs:
1D NetFlow: +73,731 $SOL(+$6.12M)🟢
7D NetFlow: +155,080… pic.twitter.com/PZuk0OY6rV

— Lookonchain (@lookonchain) February 20, 2026

Bitcoin Whale Inflows to Binance Hit Highest Level Since 2024

On-chain data reveals a dramatic surge in whale deposits to Binance. The 30-day average of whale inflows has reached approximately $8.3 billion. This marks the highest level recorded since 2024.

The exchange whale ratio climbed to 0.64, the highest reading since 2015. This metric indicates top inflows now account for the majority of exchange deposits. Average BTC deposit sizes have reached levels last observed in mid-2022.

Whale Inflows to Binance Hit Highest Level Since 2024

“It is also noteworthy that this surge followed a period of relatively stable whale flows, reinforcing the hypothesis of a shift in major investor sentiment.” – By @ArabxChain pic.twitter.com/xtDeCmsrVG

— CryptoQuant.com (@cryptoquant_com) February 20, 2026

Historically, elevated whale inflows often precede increased volatility or market structure transitions. Large holders may be positioning for potential sales or reallocating positions. However, the activity could also represent strategic liquidity management or derivatives positioning.

Bitcoin exchange inflows have normalized following an early February capitulation spike. Inflows surged to approximately 60,000 BTC during the correction to $60,000 but have since declined to roughly 23,000 BTC on a seven-day average.

Bitcoin Market Sheds $347.9 Billion Amid $730 Billion Crypto Contraction

The cryptocurrency market has shed more than $730 billion in total value over the past 100 days. Bitcoin alone accounts for $347.9 billion in losses, declining from $1.6968 trillion to $1.3489 trillion. This represents a 21.62% drop.

The top 20 cryptocurrencies, excluding Bitcoin and stablecoins, fell from $1.0706 trillion to $810.65 billion. This segment lost $259.94 billion, a decline of 15.17% since early December.

Mid and small-cap altcoins suffered the harshest proportional losses. This segment dropped from $390.38 billion to $267.63 billion, losing $122.75 billion or 20.06% of its value.

Stablecoin flows reveal declining buying power. Net USDT flows into exchanges compressed from $616 million in November 2025 to just $27 million. Flows turned negative at times, reaching minus $469 million in late January.

Altcoin exchange deposits have increased to an average of 49,000 daily in 2026, up from 40,000 in Q4 2025. Elevated altcoin deposits typically precede heightened volatility.

Bitcoin Price Structure and Key Levels

Bitcoin trades within an established downtrend structure on the daily chart. The price has declined approximately 44% from its cycle peak near $120,000. A series of lower highs and lower lows has defined price action since January 2026.

Immediate support sits at $65,000 to $66,000, where recent capitulation produced a long-wick rejection candle. Major support lies at $60,000 to $62,000, a previous breakout zone with heavy historical accumulation.

The 9-period EMA at $67,986 serves as dynamic resistance. Price currently oscillates around this level with a downward slope. A daily close above $68,000 would be needed for short-term bullish confirmation.

The MACD reads deeply negative with the main line at minus 4,334.50 and signal line at minus 4,793.17. However, the histogram shows compression at 458.67. A bullish crossover appears imminent within one to three days.

Volume analysis reveals a capitulation spike at the $65,000 low followed by declining participation during the current bounce. The pattern suggests a relief rally rather than a confirmed reversal.

Key resistance levels stand at $72,000 to $74,000 for structural breakout confirmation and $78,000 to $80,000 as a psychological barrier. Near-term trajectory remains bearish until price reclaims the 9 EMA with sustained volume.