TechFlow News: On February 11, according to CoinDesk, Bitcoin rebounded to $70,000 over the weekend but failed to hold the level, marking its third consecutive day of decline. Amid weakening spot trading volume, the Crypto Fear & Greed Index remains in the “Extreme Fear” zone. On-chain data firm Glassnode noted that this correction remains relatively mild compared to historical cycles, with no signs of panic-driven selling commonly observed at previous cycle tops—suggesting the current moment may present a strategic entry point for medium- to long-term positioning. Meanwhile, Bitcoin spot ETFs have maintained steady net inflows over the past three days, partially offsetting market sell-side pressure. With spot trading volume remaining low, leveraged positions are driving short-term price volatility; Bitcoin’s recent rebound from lows was largely influenced by a squeeze on overcrowded short positions, and short-term price action is expected to remain highly volatile within a range. On the macro front, weaker-than-expected U.S. retail sales data has bolstered rate-cut expectations and weighed on the U.S. dollar. Markets will now closely monitor upcoming nonfarm payrolls and inflation data, which could further influence risk-asset sentiment.
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