As of February 26, 2026, Bitcoin liquidity is characterized by a significant recovery in trading activity following a period of high volatility. Market liquidity within a ±2% depth is approximately $1.37 billion, with buy-side support (bids) at $610.67 million and sell-side pressure (asks) at $755.41 million.
As of February 23, 2026, Bitcoin (BTC) liquidity is at a critical juncture following a period of high volatility and "thin" market depth early in the month. While Bitcoin remains the most liquid cryptocurrency globally, its liquidity is currently characterized by a "flight to quality" as investors move away from more illiquid altcoins. Market depth has become a central focus for institutional traders as spot ETFs now act as the primary channel for liquidity, though they also introduce "reflexivity" where rapid outflows can trigger forced selling during macro shocks.
Bitcoin liquidity today, February 22, 2026, is characterized by a low-volatility "squeeze" as the market attempts to stabilize around the $68,000 price level. While 24-hour trading volume remains moderate at approximately $16.3 billion to $18 billion, overall market depth is thin, with ±2% liquidity standing at roughly $1.37 billion across major exchanges.
Current Liquidity Indicators
Trading Volume: 24-hour volume is reported at $18.01 billion on major trackers, a significant drop from the $47.5 billion seen just two days ago on February 20.
Market Depth: Combined bid and ask depth within a 2% range of the current price is $1.367 billion. Bids (-2%) account for $629.7 million, while asks (+2%) are slightly higher at $737.4 million.
Stablecoin Supply: The total stablecoin market cap has declined by 1.13% over the last 30 days to $307.92 billion, indicating a reduction in "dry powder" available to support Bitcoin trades.
ETF Flows: Spot Bitcoin ETFs saw a brief rebound with $88 million in net inflows on February 20, following five consecutive weeks of net outflows totaling $3.8 billion.
1 BTC equals
294.359,61 RON
As of 22 Feb, 11:22 EET • Disclaimer
22 Feb 2026 02:00 - 11:22
Market Sentiment & Trends
The market is currently in a state of "Extreme Fear" (Fear & Greed Index at 9), driven by a sharp retracement from the October 2025 all-time high of $126,000.
Volatility Squeeze: Bollinger Bands are tightening significantly, suggesting a high-momentum breakout is likely within the next 24 to 48 hours.
Flight to Quality: Bitcoin's market dominance has risen to 58–60% as liquidity rotates out of altcoins into the relative stability of BTC.
Whale Activity: On-chain data shows wallets holding 1,000–10,000 BTC have accumulated over 100,000 BTC since the start of 2026, helping establish a price floor between $60,000 and $70,000.
As of February 16, 2026, Bitcoin is trading near $68,300, following a period of extreme volatility that saw prices drop roughly 50% from the October 2025 record high of $126,000. Liquidation heatmaps currently show a massive liquidity cluster concentrated above the market, creating a significant "short squeeze" zone.
Current Liquidity Clusters
Primary Resistance Cluster ($72,000 – $80,000): This is the most dense liquidity band overhead. A move into this range would likely trigger a massive liquidation of short positions, potentially accelerating a price surge toward $80,000 as forced buy orders are executed.
Immediate Support Cluster ($67,000 – $68,400): On the downside, a cluster of long positions is sitting around $67,000. Analysts suggest bears may target this area to unwind these positions before any sustainable move higher.