BTC and ETH drop in the global ranking - Position 69 becomes a critical support

The cryptocurrency market is experiencing a significant correction that has reshaped the entire capitalization landscape. Bitcoin and Ethereum have dramatically retreated in the global rankings, raising questions about the current bullish market conditions. The 69th position on the market cap scale has now become a crucial reference point for strategy.

Market Ranking: From Euphoria to Risk Reassessment

The current situation reveals a sudden shift in market dynamics. BTC has fallen back to 13th place worldwide with a market capitalization of $1.34 trillion (according to current data from February 2026), while its value has significantly dropped from the all-time high in 2025. ETH has suffered an even deeper decline, dropping to 59th place with a market cap of $237.86 billion.

This return to April 2025 levels reflects a fundamental change in investor perception. Many are asking how it can be a bear market when the widespread feeling was that the bull pirate had not even fully arrived. The answer lies in extreme volatility and the reevaluation of institutional capital.

Analysis of Downward Waves: Actual Support at Positions 69 and 68

From a monthly chart perspective, the picture clarifies with wave analysis. BTC has experienced a total decline of 40% from the $126,000 peak, with a monthly loss of 12.4%. Ethereum suffered even more—a 55.8% plunge from $4,957, with a monthly decrease of 21.6%.

The panic selling recently characterizing ETH was a marked correction, and the recovery in recent days remains somewhat tied to BTC’s trajectory. However, the true major support lies in the 68-69 band—an area of concentration and accumulation by ancient whales. This is not just a technical level but a psychological resistance zone where institutional capital defends itself tenaciously.

The $75,000 level for BTC should not be considered the final support but rather the cost zone for accumulation by major institutions like MicroStrategy, which mobilizes $45 billion in capital. The credibility of a substantial rebound depends on this capital’s ability to withstand the overall trend.

Trading Strategy During the Correction Period

Deciphering current opportunities requires a calculated approach. Last night, the strategy was pragmatic—executed a long contract, took profit, and exited, avoiding the traps of an unclear trend. The long ETH position opened at $2,460 was liquidated at $2,470, securing a small profit.

The 100-point correction that brought ETH to $2,370 offers a cautious opportunity. The zone between $2,350 and $2,370 should not be seen as a decline to desperately chase—rather, it can be a buying ground on fluctuations without forcing a support break. Simultaneously, BTC should be monitored around the $81,000 level to capture profit-taking moves that precede short-term reversals.

Capital Flows and Market Outlook

The current recovery remains weak from a global dynamics perspective. The market has seen massive outflows of principal capital from both positions—BTC and ETH—with figures exceeding $5 billion. However, this should not be interpreted as an apocalyptic sign.

The broader context suggests a slight justified optimism: capital has become cheaper, and financing costs have decreased. A crisis is defined as the moment when market caps are redistributed and risks are recalibrated—exactly what is happening now. Opening well-calibrated short positions around the 69 level could generate significant opportunities as the market finds its balance.

Current volatility does not negate fundamentals; it rewrites them.