Hodlers have ‘given up’ at $65K: Five things to know in Bitcoin this week

CoinTelegraph

by William Suberg

February 23, 2026

AI-Generated Deep Dive Summary

Bitcoin’s price has shown significant weakness at the start of the week, with experts warning of potential new lows as sentiment reaches its most bearish levels ever. The cryptocurrency is currently trading at local lows heading into the end of February, with $50,000 being a key target for sellers. This comes amid a lack of strong buying interest, as market participants appear hesitant to enter long positions despite occasional price corrections. The sell-off has been exacerbated by geopolitical tensions and ongoing inflation concerns, which have created a challenging environment for global markets. Tariffs and trade disputes are adding further pressure, damping investor sentiment. Bitcoin sellers have taken advantage of this bearish momentum, with many expecting that any rebound attempts will ultimately fail in the short term. This pessimism is reflected in the broader market, where confidence has reached its lowest point in years. For readers interested in crypto, understanding these dynamics is crucial. The current weakness in Bitcoin highlights the risks associated with holding large positions and underscores the importance of staying attuned to macroeconomic factors that can influence the market. As geopolitical tensions and inflationary pressures continue to weigh on asset prices, Bitcoin’s resilience—or lack thereof—will be a key indicator for investors assessing the cryptocurrency’s long-term viability. This situation also raises questions about the broader crypto ecosystem, as other cryptocurrencies may face similar challenges due to their correlation with Bitcoin. Investors must consider how these macro trends could impact their portfolios and whether they need to adjust their strategies accordingly.

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Originally published on CoinTelegraph on 2/23/2026