Crypto Market Update: February 28, 2026 🚀📉
Hey Binance Square fam! Here's your quick daily crypto roundup to kick off the weekend. The market is feeling the pressure today, but institutions are stepping in. Let's dive in:
$BTC hovering around $65,700 - $66,000 after dipping to lows near $65,290 yesterday. Down ~3% in the last 24h and facing its fifth straight red month (February down ~14%). Bears in control, but watch for a potential retest of $60K if selling continues. 📉
Market Sentiment at Extreme Fear levels (Fear & Greed Index ~14). Long liquidations dominating, retail overly bullish while whales/institutions accumulate on dips. Classic contrarian signal? 🤔
Spot Bitcoin ETFs saw strong inflows: $1.1B net inflows over the last three days – the biggest accumulation in six weeks! Institutions buying the dip despite macro headwinds. 💰
Big Token Unlocks Today:
$JUP unlocking ~253M tokens (~$36M value, 7.94% of supply) – could add selling pressure.
$GRASS unlocking ~55M tokens (~$9M value).
- Keep an eye on volatility from these!
Broader Marke: Global crypto cap around **$2.35T**, down ~2-3% in 24h. Altcoins mixed, with some like Terra Classic and Aethir pumping double-digits today.
Regulatory Note: Potential U.S. crypto legislation clarity mid-2026 could spark a recovery. Plus, Binance-related court ruling (can't force arbitration on some customer loss claims) – ongoing legal vibes.
What are your thoughts? Is this the bottom for BTC, or more pain ahead? Are you accumulating or waiting? Drop your takes below! 👇
DYOR & trade safe! ⚠️
#JUP #grass #CryptoNews #BTC #CryptoMarket