Bitcoin, that most capricious of digital monarchs, now languishes in a gilded cage between $67,000 and $69,000, its courtiers trembling with “extreme fear.” A fleeting attempt to reclaim $69,000 was swiftly crushed, dragging the price to $66,557-a session low that even Strategy’s $168 million BTC hoard could not rescue from the abyss. The firm’s total stash of 717,131 coins now simmers in a stew of unrealized losses, a sum so vast it could buy a small country-or at least a very expensive yawn.
Strategy’s Sisyphean Accumulation and the $7B Loss
On Tuesday, Feb. 17, 2026, bitcoin performed a delicate waltz between $67,000 and $69,000, the broader cryptocurrency market clinging to life like a drunkard to a lamppost. A brief flirtation with $69,000 was met with the cold shoulder of selling pressure, which sent the price tumbling to $66,557 before a feeble recovery. Meanwhile, Strategy’s latest BTC binge-2,486 coins for $168.4 million-proved as effective as a umbrella in a hurricane.
According to Bitcoin.com News, the firm’s total holdings now number 717,131 bitcoins, a figure so staggering it could make a mathematician weep. Yet the market remains indifferent, as Strategy’s average cost basis hangs $10,000 above current prices, a $7 billion ghost haunting its balance sheet. One might call it a “strategic” move, though the only strategy evident is the art of losing money with flair.
A new Coinshares report confirmed what every trader already knew: digital assets are experiencing a prolonged “red” streak, with global ETPs hemorrhaging $173 million weekly. U.S. institutional investors, once bullish as lions, now retreat to traditional assets like timid hedgehogs. The gods of the market have taken leave of their senses.
By 3 p.m. EST, bitcoin clung to $67,800, a mere 0.5% above its opening price. While U.S. equities danced merrily upward, Bitcoin wallowed in its own liquidity quicksand, a creature of bearish momentum and institutional skepticism. The Nasdaq, that crypto bellwether, soared by 0.35%, while Bitcoin’s RSI hovered between 31 and 34-a deep oversold zone where hope drowns and despair swims.
The MACD histogram, a barometer of indecision, floundered in a sea of negative signals, though it now flirts with neutrality. Traders brace for a potential plunge below $65,700, a Fibonacci level that could send Bitcoin tumbling toward $58,800. Bulls, meanwhile, cling to the delusion that a close above $75,000 will resurrect their fortunes. Alas, the bearish channel shows no signs of yielding.
FAQ ❓
- Why is Bitcoin stuck between $67K-$69K? Because the gods of the market have taken leave of their senses, and traders are trapped in a circus of their own making.
- How does Strategy’s $168M buy affect the market? It’s a $7B ballet of despair, where every coin is a step closer to oblivion.
- What do U.S. institutional flows show? They’re fleeing to safer assets, like refugees from a crypto apocalypse.
- What price levels matter now? Support at $65.7K-$66.4K and resistance at $75K-a bearish channel that might as well be a moat of fire.
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2026-02-17 23:57