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Bitcoin Enters Oversold Zone: 33% Rise Last Time Bitcoin has entered the oversold zone for the first time since 2024. Crypto analyst Ali pointed out that the last time it was in this zone, Bitcoin rose by 33%. $BTC

Bitcoin ($BTC ) dropped to $85,000 on Feb. 27 as markets reacted to news of new US trade tariffs. The BTC/USD 1-hour chart showed a sell-off as Trump confirmed the tariffs would proceed. The S&P 500 and Nasdaq Composite Index opened lower, while the US dollar index (DXY) rose 0.6%, erasing previous losses. The Kobeissi Letter noted that smaller investors were exiting, leading to record outflows from US spot Bitcoin ETFs. Traders are now looking for potential reversal areas for BTC/USD, with a focus on closing the CME Group's Bitcoin futures market gap.

Bitcoin miner MARA Holdings posted record-breaking earnings for Q4 2024, with revenue climbing 37% to $214.4 million and full-year revenue surging 69% to $656.4 million. According to its Feb. 27 Q4 2024 Shareholder Letter, MARA earned a net income of $528.3 million, a 248% rise year-over-year. Setting an industry standard, adjusted EBITDA, a profitability metric that does not include non-operational expenses like taxes and interest, rose 207% to $794.4 million. MARA mined 2,492 Bitcoin ( BTC ) in Q4, a 25% increase in total blocks won year-over-year, even though the April 2024 Bitcoin halving event cut block rewards in half. The company managed to capitalize on the spike in the price of Bitcoin, adding $119.9 million in earnings despite experiencing revenue reduction from lower output. MARA has become the second-largest corporate Bitcoin holder after its holdings increased 197% to 44,893 BTC, currently worth over $4.6 billion. Additionally, MARA has increased its energy infrastructure, securing 1.2 gigawatts of power at prices that are 28% less than the industry average. To lessen its reliance on third-party facilities, the company has expanded the percentage of its data centers from 0 to 70% since early 2024. It also deployed 136 megawatts of power capacity and launched a 25-megawatt micro data center project at wellheads in Texas and North Dakota. MARA’s hash rate, which is a measure of mining power, increased by 115% annually to 53.2 exahashes per second, making it one of the biggest Bitcoin miners. MARA’s direct mining cost per Bitcoin, however, went up from $23,000 to $28,801 per year in Q4 due to a 70% increase in energy expenditures to $127.4 million. To diversify its revenue sources, MARA plans to use its energy assets to venture into AI and data infrastructure.

Bitcoin suffered a major value decline that reached $86,099 thus triggering widespread effects throughout the crypto market . About 230,000 traders were liquidated during the past 24 hours as their positions eroded by $1.06 billion at an 873 million dollar loss. Long positions held 873 million dollars of that total loss. The current market shows investors are reducing their exposure as open interest levels went down by 5%. The total exchange inflows experienced a 14.2% increase demonstrating rising market selling together with negative funding rates which indicate investor sentiment changes. The prices of Bitcoin-related financial instruments as well as stocks have experienced downward movement after the depreciation of Bitcoin’s worth. On February 24 alone investors pulled $516 million from spot Bitcoin ETFs operating in the U.S. which resulted in a combined five-day withdrawal of $1.1 billion from these funds. Shares from Coinbase (COIN) dropped by 6.4% and both Robinhood (HOOD) and Bitdeer (BTDR) lost 8% and 29% respectively while Marathon Digital (MARA) fell 9%. With Bitcoin briefly dropping below $90k, roughly 12% of all Bitcoin addresses are holding at a loss. 🔴This is the highest unrealized loss percentage since October 2024 pic.twitter.com/pngLz4G4wc The latest data from IntoTheBlock shows that 12% of Bitcoin addresses entered bearish positions indicating unrealized losses marking the most degenerative condition since October 2024. Investors who bought Bitcoins around its peak price of $108,000 could be propelled to sell because they now hold substantial price deficits. Whales in the Bitcoin community have sold off more than $1.2 billion worth of Bitcoin in the past week during this bear market period. The trend toward Bitcoin sell-offs derives from various macroeconomic factors, especially President Donald Trump’s proposed tariffs on Canada and Mexico which generated inflation and stagnation concerns. The investor fear of taking risks declined because political tensions between the United States and China concerning semiconductor trade restrictions continue to escalate. The economic and geopolitical factors affect markets beyond cryptocurrency while creating significant impacts on financial value. Traditional financial sectors have suffered market declines following the Nasdaq Composite Index dropping by 2.8% while the S&P 500 Index lost 2.1%. The U.S. Dollar Index rose as investors favored safety which in turn generates extra pressure on Bitcoin and other risky assets. Bitcoin maintains its $88,000 price as an essential barrier that determines its market strength. A decrease in the price below this point might lead to additional market liquidations. Market volatility is expected to persist in the approaching period due to high leverage tied to persistent economic uncertainty and weakening investor trust levels despite trader attention toward $90,000 as recovery support. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

- Bitcoin (BTC) touched close to $89,000 in Asian trading hours, bouncing back from a low of $86,200. This slight uptick is boosting market sentiment as major tokens show recovery signs. - XRP and BNB led the charge with gains of 3% and 5%, respectively. Solana 's SOL also rose by 5%, while Dogecoin (DOGE) and Cardano's ADA saw modest increases. However, Tron (TRX) dipped by 5%. - The market's cautious optimism follows a significant liquidation event, suggesting assets might have been oversold. - Traders remain wary, with BTC dominance rising and altcoin enthusiasm muted. Institutional demand, driven by players like Strategy, could face challenges if price momentum stalls. 💬 What are your thoughts on the current crypto landscape? Share in the comments!