Bitcoin rebounds and breaks above $66,000, Ethereum surpasses $1,900, and funding rates indicate the market remains bearish.

MarsBitNews · 2026-02-25T02:34:34+00:00

Mars Finance reports that Bitcoin has recently surged rapidly, breaking through $66,000, and Ethereum has surpassed $1,900. Despite the market rebound, there is a serious liquidation situation across the network, and mainstream funding rates still appear bearish. Analysts point out that market supply has decreased, but a lack of new capital entering keeps the market in defensive mode. The probability of Bitcoin reaching $68,000 in the next week is 65%.

MarsBitNews

2026-02-25 02:34:34

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Mars Finance News, on February 25th, according to market data, Bitcoin surged rapidly this morning, rising 3% within 15 minutes and breaking above $66,000; Ethereum also rebounded past $1,900; SOL recovered above $80. According to Coinglass data, as of press time, the total liquidation in the past 4 hours was $129 million, with long positions liquidated at only $4.73 million and short positions at $125 million. Although after the market rebound, the fees for Bitcoin and Ethereum have returned to positive values (still somewhat bearish), the current mainstream CEX and DEX funding rates indicate the market remains bearish, as most altcoins are still in negative funding territory.

Institutional service provider Coinbase Institutional released a report earlier today stating that Bitcoin’s support level is at $60,000, with dense resistance above at $82,000. Due to negative gamma concentrated in the $60,000–$70,000 range and positive gamma above $85,000 and $90,000, if Bitcoin rises to $90,000, it may enter consolidation, while a drop to $60,000 could accelerate downward movement. Independent market analyst Axel said, “Bitcoin’s net market capitalization position has changed,” and “Bitcoin HODL Waves” data shows that current market supply is decreasing, but capital has not yet flowed back in. The largest holder group consists of addresses bought near the peak that are currently at a loss, with trapped coins forced to become “diamond hands,” while new funds are lacking. As long as these two conditions persist, the market remains defensive.

According to Polymarket data, the probability of Bitcoin reaching $68,000 between February 23 and March 1 has increased to 65%.

BTC3.44%

ETH4.87%

SOL7.76%

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