Bitcoin Price Analysis: BTC On The Verge Of Entering $70K. Bulls On Parade?
Bitcoin (BTC) have currently taken control as the price threatens to cross the $70k barrier. Following five straight bearish days, the buyers took control on Friday. Will this be a happy Valentine’s day for BTC traders?
Despite this, the overall market sentiment remains in “extreme fear.”
Truth Social Files For ETF
Truth Social’s parent company has filed an SEC registration to launch two crypto ETFs, the Truth Social Cronos Yield Maximizer ETF and the Truth Social Bitcoin and Ether ETF, though approval is still pending.
The funds are being developed in partnership with Crypto.com, which will handle custody, liquidity, and staking, while Yorkville America Equities will act as adviser and charge a 0.95% management fee. The Cronos ETF aims to track CRO’s performance plus staking yield, while the Bitcoin and Ether ETF will track BTC and ETH performance with additional staking income from Ether, positioning the products as both growth and yield-focused crypto investment vehicles.
Bitcoin Open Interest
As Bitcoin Price is consolidating in a 65k to 73k range, Glassnode has made some observations about the Open Interest.
Dealers sit short gamma between 58k and 74k, with concentration near 63k. In this setup, hedging flows reinforce price moves. That increases sensitivity to directional breaks, especially to the downside. Structure still favors larger reactions.
</span></i><a href="https://financepolice.com/bitcoin-price-analysis-btc-at-70000-as-broad-based-accumulation-emerges/"><b><i>BTC</i></b></a><i><span style="font-weight: 400;"> options OI is climbing back toward its late Q4 2025 high, reached before the large Friday expiry. Open Interest now sits at 452k BTC vs 255k BTC right after the Dec 26 expiry.
As Open Interest rebuilds, volatility is being repriced higher. 1M and 3M ATM IV have risen by roughly 10 vol points over the past weeks. Despite consolidation, traders are pricing larger forward moves.
“Flows Are Starting To Rebalance Since the drop from 82k, put buying dominated flows. In the last two days, call activity has picked up, pushing the Put Call ratio toward 0.7. Short term positioning is stabilizing. But the broader structure remains defensive.”
What Really Happened on October 10?
Santiment has released an insight report on the infamous 10/10 crypto collapse.
The October 10th, 2025 crypto collapse, now infamously referred to by traders as “10/10, became one of the most emotionally charged liquidation events since 2022. Prices fell fast, liquidity disappeared, and leveraged positions were wiped out across multiple exchanges in minutes. This crash occurred less than five days after traders were celebrating Bitcoin’s $126K all-time high. But as you’ve likely seen by now, things can change in a hurry with cryptocurrency markets.”
We have to remember that at the time of this 10/10 crash, America and the rest of the world were still just under 6 months from the huge tariff drama in April, 2025. Within the first hour, this was the result of both the S&P 500 and Bitcoin, clearly showing a direct reaction to this news:
User @CryptoJournal on X opined:
October 10 didn’t come out of nowhere. The positioning was crowded and liquidity was thin… that’s always a dangerous mix when volatility kicks in 📊 What stands out more is how fast trust erodes when transparency feels selective. In this market, perception moves faster than proof.Feels like we’re entering a phase where traders are pricing in counterparty risk again, not just direction.
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) price action has gone up slightly and looks to enter the $70k range.
The MACD shows that the market momentum is on the verge of shifting from bearish to bullish. The price must overcome resistance at the 0.236 Fibonacci retracement level ($71,200) to validate this bullish reversal. If this resistance is overcome. BTC price should gain the momentum to cross the 50-day SMA at $75,000. However, on the downside, if the price bears take control, the downside target is all the way down at $60K.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.