TechFlow news, February 28 — According to Greeks.Live's English community daily report, traders are currently watching $75,000 and the $67,000–$70,000 range as potential support zones. While some believe prices could rebound to the $92,000–$94,000 range, most market participants remain cautious about establishing new positions until clearer signals emerge.
Bitcoin price plummeted from $94,000–$96,000 to around $80,000 within a week, causing significant losses for traders. Some users reported drawdowns of up to 70%, with one commenting, "Seven months of profits wiped out."
This sell-off has been described as momentum-driven without a clear catalyst. Notably, perpetual contract funding rates remained positive throughout the decline—a divergence from previous market bottoms.
