By February 28, 2026, the crypto market remains in a deep adjustment and consolidation phase. BTC is around $66,000, up slightly by 2% in 24 hours, but nearly halved from the October 12, 2025, high of $126,000; ETH hovers near $1930, with a total market cap of approximately $2.27 trillion (down 2.35% in 24h). The Fear and Greed Index is only 11-14, maintaining an "Extreme Fear" level.

Since February, influenced by the Trump administration's global tariff escalation, Middle East geopolitical tensions, high inflation data, and declining risk appetite, crypto, as a high-beta asset, has come under pressure along with US tech stocks, with funds flowing into gold. Although ETF inflows have turned positive, the scale remains limited, leveraged liquidations are frequent, BTC dominance is about 58%, and altcoins are showing clear divergence.
On the technical side, BTC is weakly oscillating in the $64,000-$68,000 range, with key support at $60,000-$64,200. Short-term, it may repeatedly test the bottom, focusing on Federal Reserve interest rate decisions and macro liquidity. In the long term, regulatory benefits from the GENIUS Act, institutional custody expansion, and the tokenization wave will provide support, potentially opening a rebound window in the second half of 2026. It is recommended to stay out of the market and patiently wait for bottom confirmation, avoiding chasing highs or blindly using leverage. $BTC $ETH