The worst may lie ahead. Bitcoin chart revisits historic pattern.

Crypto Daybook Americas Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email The worst may lie ahead. Bitcoin chart revisits historic pattern. Your day-ahead look for Feb. 27, 2026 By Omkar Godbole | Edited by Sheldon Reback Feb 27, 2026, 12:23 p.m. Make us preferred on Google AshDesign/Shutterstock What to know : You are viewing Crypto Daybook Americas, your morning briefing on what happened in the crypto markets overnight and what's expected during the coming day. Crypto Daybook Americas will kickstart your morning with comprehensive insights. If you're not already subscribed to the email, click here . You won't want to start your day without it. By Omkar Godbole (All times ET unless indicated otherwise) Uh-oh, the bitcoin BTC $ 66,071.40 price pattern that presaged the final and deepest phases of previous bear markets has appeared again. In mid-November 2018, CoinDesk discussed a bearish flip in long-term averages on a chart that bundles three days of price action into each candle. It warned that a similar occurrence in 2014 deepened the bear market and, within a week, bitcoin crashed to under $4,500 from $6,000, extending the decline from the peak of roughly $20,000. Cut to April 2022. The same pattern occurred , with the same result. BTC's bear market deepened and prices cratered to $17,500 from $32,000, having already dropped from the late 2021 record of nearly $70,000. Now, the pattern's back again (check the Technical Analysis section). While past performance is not a guarantee of future results, history calls for caution. Some savvy traders are preparing for a deeper crash below $60,000. Bitcoin recently traded near $66,100, down 3% in 24 hours. Other major tokens and the CoinDesk 20 Index lost even more. Still, U.S.-listed spot bitcoin ETFs have pulled in over $1 billion in three days . "That breadth of demand signals absorption rather than speculation," Iliya Kalchev, an analyst at Nexo Dispatch, said in an email. "On-chain data reinforces the shift: wallets holding more than 10,000 Bitcoin have accumulated through the recent pullback from the $70,000 region, suggesting long-term holders are stepping in as supply thins." Even so, ETF flows need to persist to lift BTC sustainably higher, Kalchev said. In traditional markets, oil prices remain supported by U.S.-Iran uncertainty and the potential for an escalation over the weekend. Stay alert! Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today What to Watch For a more comprehensive list of events this week, see CoinDesk's " Crypto Week Ahead ". Crypto Nothing scheduled. Macro Feb. 27, 8:30 a.m.: U.S. PPI MoM for January est. 0.3% (Prev. 0.5%); Core PPI MoM est. 0.3% (Prev. 0.7%) Feb. 27, 8:30 a.m.: U.S. PPI YoY for January est. 2.9% (Prev. 3%) Feb. 27, 8:30 a.m.: Canada GDP growth rate annualized for Q4 (Prev. 2.6%); QoQ (Prev. 0.6%) Earnings (Estimates based on FactSet data) Nothing scheduled. Token Events For a more comprehensive list of events this week, see CoinDesk's " Crypto Week Ahead ". Governance votes & calls 1inch DAO is voting to allocate 2,000,000 USDC from its treasury to the Aave V3 market on Ethereum to generate yield. Voting ends March 1. Unlocks Feb. 28: Grass (GRASS) to unlock 13.15% of its circulating supply worth $10.09 million. Feb. 28: Jupiter (JUP) to unlock 7.94% of its circulating supply worth $39.34 million. March 1: SUI $ 0.9176 to unlock 1.13% of its circulating supply worth $40.97 million. Token Launches Feb. 27: Fabric Protocol (ROBO) to be listed on Binance, Bybit, Bitget, KuCoin, and others. Conferences For a more comprehensive list of events this week, see CoinDesk's " Crypto Week Ahead ". Day 3 of 4: GFTN Forum Japan (Tokyo) Feb. 27: Wave of Innovation (Sydney, Australia) Market Movements BTC is unchanged from 4 p.m. ET Thursday at $67,423.09 (24hrs: -0.95%) ETH is down 0.89%at $2,012.51 (24hrs: -2%) CoinDesk 20 is unchanged at 1,968.26 (24hrs: -2.49%) Ether CESR Composite Staking Rate is up 4 bps at 2.89% BTC funding rate is at -0.006% (-6.5799% annualized) on Binance DXY is unchanged at 97.74 Gold futures are unchanged at $5,191.50 Silver futures are up 2.82% at $90.05 Nikkei 225 closed up 0.16% at 58,850.27 Hang Seng closed up 0.95% at 26,630.54 FTSE is up 0.39% at 10,888.78 Euro Stoxx 50 is unchanged at 6,161.33 DJIA closed on Thursday up 0.03% at 49,499.20 S&P 500 closed down 0.54% at 6,908.86 Nasdaq Composite closed down 1.18% at 22,878.38 S&P/TSX Composite closed up 1.1% at 34,501.96 S&P 40 Latin America closed down 1.4% at 3,772.90 U.S. 10-Year Treasury rate is down 3 bps at 3.987% E-mini S&P 500 futures are down 0.28% at 6,900.75 E-mini Nasdaq-100 futures are down 0.19% at 25,033.75 E-mini Dow Jones Industrial Average Index futures are down 0.48% at 49,294.00 Bitcoin Stats BTC Dominance: 58.49% (-0.11%) Ether-bitcoin ratio: 0.02973 (-1.06%) Hashrate (seven-day moving average): 1,055 EH/s Hashprice (spot): $29.31 Total fees: 3.43 BTC / $232,808 CME Futures Open Interest: 107,780 BTC BTC priced in gold: 12.8 oz. BTC vs gold market cap: 4.46% Technical Analysis Bitcoin's long-term moving averages have crossed bearish just as in 2018, 2022. (TradingView) The chart shows BTC's price swings on a three-day time frame in candlestick format from 2024-2025 and 2018-2022. Each candle bundles the price action seen over three days, or 72 hours. On this chart, moving averages of 50- and 200-candles have crossed bearish. Similar patterns led to deeper slides in 2014, 2018 and 2022. Crypto Equities Coinbase Global (COIN): closed on Thursday at $181.06 (-1.57%), unchanged in pre-market Circle Internet (CRCL): closed at $87.21 (+4.90%), unchanged in pre-market Galaxy Digital (GLXY): closed at $21.94 (-3.90%) Bullish (BLSH): closed at $32.73 (-0.49%), unchanged in pre-market MARA Holdings (MARA): closed at $8.45 (-1.40%), +15.98% at $9.80 Riot Platforms (RIOT): closed at $17.09 (+0.06%), +0.12% at $17.11 Core Scientific (CORZ): closed at $17.98 (-0.55%), -1.50% at $17.71 CleanSpark (CLSK): closed at $10.44 (-0.10%), -0.77% at $10.36 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $42.17 (-0.40%) Exodus Movement (EXOD): closed at $10.45 (-1.69%) Crypto Treasury Companies Strategy (MSTR): closed at $133.40 (-1.66%), +0.62% at $134.23 Strive (ASST): closed at $8.19 (-4.10%), +0.24% at $8.21 SharpLink Gaming (SBET): closed at $7.21 (-3.09%), +0.55% at $7.25 Upexi (UPXI): closed at $0.76 (-7.87%), +0.22% at $0.76 Lite Strategy (LITS): closed at $1.14 (-3.39%) ETF Flows Spot BTC ETFs Daily net flows: $254.4 million Cumulative net flows: $54.81 billion Total BTC holdings ~1.27 million Spot ETH ETFs Daily net flows: $6.6 million Cumulative net flows: $11.68 billion Total ETH holdings ~5.72 million Source: Farside Investors While You Were Sleeping With possible Iran strike looming, U.S. says staff can leave Israel, urging speed (The New York Times): In an email to embassy workers Friday morning, Ambassador Mike Huckabee warned them that if they wanted to leave Israel, they “should do so TODAY.” Treasuries regain edge as safety play with best month in year (Bloomberg): U.S. bonds are wrapping up their best monthly performance in a year against a backdrop of rising global risks, with resurgent demand proving investors still see Treasuries as the best haven in turbulent times. Analysis: Block’s retreat to 2019 scale could be a hint of deeper shifts in payments economics (CoinDesk): Jack Dorsey says AI allows smaller teams to move faster. While that's true, the reset may reflect a tougher reality: stablecoin rails are likely beginning to compress the card-based fees that fueled the company’s expansion. Crypto Daybook Americas More For You Bitcoin's bounce fails to convince options traders By Omkar Godbole | Edited by Sheldon Reback Feb 26, 2026 Your day-ahead look for Feb. 26, 2026 What to know : You are viewing Crypto Daybook Americas, your morning briefing on what happened in the crypto markets overnight and what's expected during the coming day. Crypto Daybook Americas will kickstart your morning with comprehensive insights. If you're not already subscribed to the email, click here . You won't want to start your day without it. Read full story Latest Crypto News Bitcoin falls with ether, solana while decred, AI-linked tokens advance 35 minutes ago MARA and Block jump double digits in pre-market trading while CoreWeave sinks 1 hour ago Germany's AllUnity issues regulated stablecoin tied to safe haven Swiss franc 2 hours ago U.S. spot bitcoin ETFs set for biggest week in 6 after adding $1.1 billion in three days 2 hours ago Bitcoin ETF holders and treasury firms stack protection against price crash below $60,000, Deribit says 5 hours ago Polymarket bettors appear to have insider-traded on a market designed to catch insider traders 6 hours ago Top Stories Analysis: Block’s retreat to 2019 scale could be a hint of deeper shifts in payments economics 7 hours ago U.S. regulator's GENIUS pitch casts dark cloud over crypto sector's stablecoin model 14 hours ago Here is why Ethereum's bold new plan could make the blockchain giant high-speed 'internet of value' by 2029 15 hours ago Grant Cardone plans to tokenize his firm's $5 billion real estate portfolio 15 hours ago Here is why the wild accusations of Jane Street rigging bitcoin price may not be true Feb 26, 2026 In this article BTC BTC $ 66,071.40 ◢ 3.13 % SUI SUI $ 0.9176 ◢ 2.67 %