Why is Bitcoin’s ‘MOAR’ narrative heating up? ETFs, whales & more…
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Bitcoin traded at $68,006 on the 26th of February. The daily candle held above the $60K–$72K range floor. MACD printed expanding green histogram bars as the signal line crossed higher. RSI recovered from oversold territory and climbed toward 42. Source: TradingView That move aligned with visible range stabilization after February’s sharp selloff. However, price still remained inside the broader $60K–$72K structure. A confirmed break beyond this range has not occurred. The next major daily resistance sits near $94,085, as marked on the chart. Until that level breaks, the structure remains range-bound. This left traders focused on whether flows would confirm continuation. Half-a-billion returns to ETFs On the 25th of February, Bitcoin [BTC] ETFs recorded their first >$500M net inflow day in over three weeks. This reflected a clear institutional conviction returning to the market. Source: X BlackRock led with $297.37 million, while Grayscale added $102.49 million. Demand was broad and structured across products, not concentrated in a single vehicle. Such inflows historically aligned with sustained upside phases. Therefore, continuation from here would reinforce confidence across markets. “Golden Cross” nears as momentum builds The Inter-exchange Flow Pulse climbed as BTC flowed into derivatives exchanges. CryptoQuant analysts monitored a potential bullish golden cross closely. Historically, this crossover aligned with transitions into expansion phases. Meanwhile, rising derivatives inflows signaled renewed speculative participation. Source: CryptoQuant Momentum signals strengthened across indicators. This suggested positioning was shifting toward trend continuation rather than exhaustion. Whale activity accelerates Whales holding 1,000+ BTC have accumulated steadily since 2021. Buying accelerated sharply through 2025 into early 2026. The last two months reflected volumes comparable to much of 2025. This reinforced the narrative of strategic positioning. Source: CryptoQuant Recent activity matched levels seen before prior expansion cycles. That history matters. Long-term holders increased balances while the price consolidated below $72K. Supply…
Filed under: News - @ February 27, 2026 1:24 am