Regulatory developments, nation-state exposure, onchain data and TradFi integration are proof that BTC’s fundamentals were unaffected by the recent sell-off.
Bitcoin (BTC) price dropped 21.3% between Feb. 21 and Feb. 28, retesting the $78,300 level for the first time since November 2024. The correction led to over $1.6 billion in leveraged long (buy) liquidations, adding to market volatility as exchanges forcefully sold contracts. The $21,210 decline marked the largest seven-day drop in Bitcoin’s history.
Despite the pullback, several Bitcoin analysts see this as a strong buying opportunity. They cite factors such as regulatory developments, sovereign fund exposure, onchain and technical signals, and increasing integration with traditional finance, including bank adoption as collateral and structured product offerings.
Source: Obviously_Obv
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