TechFlow news, February 26 — Adam, macro researcher at Greeks.live, published an English community briefing on X platform stating that Bitcoin plunged from above $100,000 to a low near $80,000. Many traders believe this sell-off may stem from one large "invisible" seller, and a meaningful rebound is unlikely until this entity completes its selling.
Traders have described the downturn as "contagion crisis," with a key support level at $86,000. A break below this level could lead the market into a "vacuum zone," potentially falling toward the $72,000–$77,000 range, with some even anticipating a further drop to $65,000.
The market dropped $6,000 in a single day, accompanied by massive forced liquidations, causing significant losses for most traders. Despite the bearish sentiment, some traders are still looking for potential range-trading opportunities between $85,000 and $90,000, viewing $89,000–$91,000 as crucial recovery levels. A minority consider this a buying opportunity, watching heavy bid accumulations around $77,000 and $72,000 as potential bottoming zones.
