Week of February 17 - 23, 2026
Goldman Sachs reduced its holdings in Spot Bitcoin ETFs by 39.4% compared to the previous quarter. It also cut its allocation to Spot Ethereum ETFs by 27.2%, bringing total holdings to approximately USD 1 billion. However, the firm initiated new positions in XRP and SOL ETFs for the first time.
JPMorgan reported that Bitcoin’s production cost has declined to around USD 77,000, down from USD 90,000 earlier this year. The decrease is attributed to lower hashrate and mining difficulty. This level is often considered a key support level for Bitcoin’s price.
BlackRock has integrated its BUIDL fund into the Uniswap ecosystem, marking a major step by a global financial institution in bridging DeFi technology with traditional assets. Institutional investors can now trade BUIDL against USDC 24/7.
Grayscale released an analysis suggesting that Bitcoin has temporarily lost its status as “digital gold” or a safe haven asset. Instead, it has been moving in line with growth assets such as technology stocks, reflecting increasing participation from traditional financial institutions.
Strategy has shifted its approach by issuing perpetual preferred stock to attract investors seeking steady returns without the volatility of common shares tied to Bitcoin (BTC). Currently, the company has issued USD 7 million in perpetual preferred stock.
Bernstein believes that the current downturn is the weakest Bitcoin has experienced historically. The recent decline is not driven by structural factors but rather by a crisis of investor confidence. The firm maintains that a Bitcoin price target of USD 150,000 within this year remains achievable.
Bitcoin (BTC) continues to move in a sideway-up trend, with higher lows forming consistently. The first resistance level to watch is USD 72,000. If the price breaks above this level, the next target would be around USD 80,000. On the downside, key support is seen at USD 65,000. This week, the price is expected to trade within this range unless significant news triggers increased volatility.
Ethereum (ETH) is moving sideways within a range, with support at USD 1,800 and resistance at USD 2,150. Consider buying near the support level. However, if support fails, it may be prudent to cut losses. A breakout above the resistance level could signal a trend reversal to the upside.
Berachain (BERA) delivered a 57.27% return over the past week, surging sharply before pulling back. Consider looking for entry opportunities near the support level at no lower than USD 0.338. If this level fails to hold, it may be advisable to cut losses. If support remains intact, profit-taking can be considered near the USD 1.00 resistance level.
Monad (MON) gained 34.87% over the past week, with signs pointing to a potential trend reversal to the upside. Consider a buy-on-dip strategy near the USD 0.01604 support level, with a take-profit target at the USD 0.03140 resistance level.
The cryptocurrency market rebounded after CPI data came in lower than expected, increasing expectations that the Federal Open Market Committee (FOMC) may ease its interest rate policy. This follows earlier data showing Non-Farm Payrolls came in higher than forecast.
Some altcoins have started to recover, while the Total3 index recently touched its lowest level in one year and has begun to rebound. However, investors should closely monitor whether capital continues to flow back into the crypto market to confirm a sustained recovery.
On Thursday, February 19, 2026, the latest FOMC meeting minutes will be released. Investors should watch for each member’s perspective on interest rates and the economic outlook. On Friday, February 20, 2026, the Q4 GDP estimate will be announced, expected at 2.8%, down from 4.4%. If the figure meets expectations, it could be positive for Bitcoin (BTC), as it would increase the likelihood of a rate cut.
Investment strategy: The market is showing stronger upward momentum, although a clear bullish catalyst is still lacking. If economic data supports a potential rate cut by the FOMC, prices may continue to rise, allowing investors to increase their exposure. However, if the data disappoints, it may be prudent to delay further investment for now.
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