Bitcoin Retreats After 5% Surge, Trades Near $66K Amid Liquidity Concerns

• Bitcoin fell back to $65.7K despite $761 million in spot ETF inflows over two days.
• Analyst Willy Woo said selling pressure may be nearing exhaustion while prices remain between $60,000 and $70,000.

Bitcoin (BTC) slipped on Friday as short-term gains from renewed institutional inflows gave way to lingering market uncertainty. According to CMC data, BTC fell back to the $65.7K zone before recovering to trade around $66.3K, down approximately 1.04% over the past 24 hours as of the evening session. The intraday high before the drop was $68,220.41, marking a decline of about 2.8% from the day’s peak to the session low.

Yesterday, Bitcoin saw a notable daily surge of about 5%, lifting prices near $68,843.35, driven mainly by strong inflows into Bitcoin spot exchange-traded funds (ETFs), which indicated some return of investor interest.

Inflows into spot BTC ETFs on 26 February 2026 totaled approximately $254.46 million, followed by a $506.51 million inflow on 25 February, marking the largest single-day positive net flow since February 2, according to data tracked by crypto data provider SoSoValue.

The net result of these flows was a short-term price reprieve after a multi-week period in which BTC had been range-bound roughly between $60,000 and $70,000.

However, the uptick proved temporary. After the brief rally, prices remained constrained within the upper $60,000s because broader institutional demand has been uneven.

Analyst Says Selling Pressure Near Exhaustion

On 27 February 2026, Bitcoin analyst Willy Woo posted on X that “this bearish sell-down by investors seems to have exhausted,” indicating that recent selling pressure may be waning as prices continue to trade between roughly $60,000 and $70,000.

In his post, Woo suggested that this exhaustion could give Bitcoin a period of sideways consolidation or stability over the next month, potentially opening a window for prices to trade relatively flat or test higher levels near the mid-$70,000s, although he noted that such a rebound “would likely be rejected” if underlying demand doesn’t strengthen.

Bitcoin’s trading range has been relatively stable in the past three weeks, including a brief dip below $67,000 during late trading before rebounding. Even as selling pressure shows signs of tempering, the broader market environment remains cautious due to constrained liquidity in both the spot and futures markets and the absence of sustained, strong institutional inflows.