BTC Trapped Near $67K as Traders Rebuild Positions Amid Cycle Debate
The post BTC Trapped Near $67K as Traders Rebuild Positions Amid Cycle Debate appeared on BitcoinEthereumNews.com.
Bitcoin holds above $67,000 after falling 47% from October all-time high near $126,000, testing the critical support zone. Open interest rises 1.47% to $45.41B as volume surges 27%, signaling renewed position building after recent liquidations. Analysts predict Bitcoin could drop to $50,000 in summer as four-year halving cycle enters bearish phase. Bitcoin price today trades near $67,082, down 0.48% in the past 24 hours as the market remains trapped in a tight range between $66,000 and $72,000. The consolidation comes after a sharp recovery from the February 5 crash below $60,000, with buyers and sellers locked in a standoff as the debate over Bitcoin’s four-year cycle intensifies. Open Interest Climbs As Traders Rebuild Positions BTC Derivative Analysis (Source: Coinglass) According to Coinglass, Bitcoin’s open interest increased 1.47% to $45.41 billion, suggesting traders are re-entering the market after the liquidation cascade that hit on February 5. Volume surged 27% to $76.74 billion, the highest level in weeks, confirming that participation has returned. Long/short ratios remain elevated at 1.86 on Binance and 2.04 on OKX, indicating that leverage still skews bullish despite the 47% drawdown from the October highs. Top trader positioning shows long bias across exchanges, with accounts holding $2.39 million in longs versus $243,900 in shorts on 1-hour timeframes. The liquidation event on February 5 forced traders to close positions as Bitcoin broke below $70,000, triggering a cascading effect that pushed price down to $60,000. Those liquidations have since slowed, allowing the market to stabilize in the current range. Price Trapped Below All Major EMAs BTC Price Dynamics (Source: TradingView) On the daily chart, Bitcoin trades below all major moving averages. The 20-day EMA sits at $75,381, the 50-day at $82,691, the 100-day at $88,984, and the 200-day at $94,877. All four EMAs are stacked downward, forming a clear resistance…
Filed under: News - @ February 12, 2026 12:36 pm