Bitcoin (BTC) Stuck at Critical Juncture as Market Momentum Struggles to Break Out

Bitcoin (BTC) has been stuck in a range between $91,000 and $102,000 for over 90 days, with market momentum struggling to break out, according to a report from Bitfinex.

Bitcoin (CRYPTO: BTC) price movements have been sluggish over the past 90 days, with the asset remaining within a narrow range of nearly $91,000 to $102,000.

This limited price action comes amid broader macroeconomic pressures and developments within the crypto industry.

The Bitfinex report highlights a slowdown in institutional demand, with Bitcoin ETF inflows reversing into net outflows.

On Feb. 20, a sharp sell-off occurred in response to news of the Bybit hack and the expiration of S&P 500 options, causing a drop of 4.7% in Bitcoin's price.

Despite recovering over the weekend, Bitcoin has yet to retest its all-time high from earlier in 2025.

The downturn in Bitcoin and other cryptocurrencies has been exacerbated by macroeconomic uncertainty, with the S&P 500 struggling to maintain a rally above the 6,000 level.

The broader risk-asset decline has impacted speculative participation, leading to a contraction across multiple crypto assets.

Institutions Ramp Down Participation, Impacting BTC Price Action A critical factor influencing Bitcoin's price movements is the level of institutional participation, which has been waning in recent months.

The Bitfinex report points out that Bitcoin ETF inflows have turned into net outflows, with a single day, Feb. 20, seeing $360 million withdrawn from Bitcoin ETFs.

This marks a significant shift from the peak of nearly 18,000 BTC flowing into ETFs per day in November 2024.

The decline in ETF inflows, coupled with reduced leveraged trading activity, indicates an overall contraction in market participation.

“Bitcoin remains at a critical juncture after nearly 90 days of consolidation, with future price movements likely to be shaped by both macro conditions and institutional engagement,” Bitfinex analysts noted.

Crypto Market Impact: ETH, SOL, Meme Coins, and Bybit Hack Also Impacting Market Sentiment in February While Bitcoin's price movements have captured attention, broader trends in the crypto market are also impacting market sentiment in February.

Cryptocurrencies are trading in the red this month, with varying degrees of losses.

This downturn comes amid broader macroeconomic uncertainty, with the S&P 500 struggling to maintain a rally above the 6,000 level.

The decline in major cryptocurrencies is also being impacted by a recent hack on Bybit, with the exchange estimating losses of up to $1.5 billion.

This attack, which users have been assured will not affect their funds, has raised concerns about the increasing frequency and sophistication of cyber threats in the crypto industry.

Among the top crypto assets, Ethereum (CRYPTO: ETH) has fallen 16.9% in February, while Solana (CRYPTO: SOL) has dropped 33.1%.

This reflects a cooling market after a strong rally in late 2024.

Meme coins, which saw a surge in December, are also down 16.9% so far this month.

What's Next for Bitcoin Price Action? Near-term price movements in Bitcoin are difficult to predict, and several factors could influence its direction.

Analysts point to a combination of macroeconomic trends, institutional sentiment, and security concerns as key drivers.

The market is expected to remain volatile, with traders awaiting a decisive move that could either push Bitcoin above its all-time high or lead to further corrections.