TechFlow News, February 25: CryptoQuant analysis indicates that Bitcoin’s current price is oscillating between $62,000 and $68,000, while funding rates in the futures market remain persistently negative—signaling that bearish sentiment dominates the market. This contrasts with the prior bottom around $80,000, where funding rates largely remained positive.
Since July 2025, selling pressure has been the dominant market force, with buy orders serving primarily to absorb supply. Current selling pressure has reached its highest level in three months. Notably, the futures market has maintained high leverage for 16 consecutive months; however, excessive leverage has been declining since Bitcoin’s last all-time high.
Analysts note that although the price decline has triggered some forced liquidations among investors, it has actually improved the overall health of market leverage—a positive signal for the long term.
