{"id":557715,"date":"2026-02-18T17:07:35","date_gmt":"2026-02-18T17:07:35","guid":{"rendered":"https:\/\/Blockchain.News\/news\/bitcoin-btc-bear-range-etf-outflows-glassnode-analysis"},"modified":"2026-02-18T17:07:35","modified_gmt":"2026-02-18T17:07:35","slug":"bitcoin-btc-trapped-in-55k-79k-bear-range-as-etf-outflows-mount","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/02\/18\/bitcoin-btc-trapped-in-55k-79k-bear-range-as-etf-outflows-mount\/","title":{"rendered":"Bitcoin BTC Trapped in $55K-$79K Bear Range as ETF Outflows Mount"},"content":{"rendered":"
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Zach Anderson<\/a> Feb 18, 2026 17:07<\/span> <\/p>\n

Glassnode analysis shows Bitcoin stuck between True Market Mean ($79K) and Realized Price ($55K) as ETF demand evaporates and spot selling intensifies.<\/p>\n

\"Bitcoin <\/a> <\/figure>\n

Bitcoin is pinned in a defensive trading corridor with no clear escape route, according to fresh on-chain data from Glassnode. The asset broke below its True Market Mean near $79,000 in late January and now trades around $67,500\u2014down 28% over the past 30 days\u2014with the Realized Price at $54,900 marking the structural floor.<\/p>\n

That’s a $24,000 range where BTC could chop for months without a macro catalyst.<\/p>\n

The $60K-$69K Demand Zone Is Doing Heavy Lifting<\/h2>\n

What’s keeping Bitcoin from freefall? A dense cluster of holders who accumulated during H1 2024’s consolidation between $60,000 and $69,000. These medium-term holders are sitting near breakeven and showing no urgency to sell\u2014yet.<\/p>\n

The Accumulation Trend Score tells a more nuanced story. After plunging below 0.1 during the January breakdown (signaling aggressive distribution), it’s recovered to just 0.43. That’s not accumulation. That’s a fragile ceasefire between buyers and sellers.<\/p>\n

“A sustained rise in ATS toward 1 would signal renewed large-entity accumulation,” the Glassnode report notes. Without whales stepping in, the current range remains structurally vulnerable.<\/p>\n

ETFs Have Stopped Buying the Dip<\/h2>\n

The institutional bid that supported Bitcoin’s run toward $120,000 has vanished. U.S. spot ETF flows have rotated into persistent outflows as BTC retraces toward $70,000. The 7-day moving average of net flows is now firmly negative.<\/p>\n

This matters. During the expansion phase, ETF inflows absorbed supply and supported price discovery. That cushion is gone. Michael Saylor’s Strategy continues accumulating\u2014adding $168 million in BTC last week to reach 717,131 coins\u2014but one buyer doesn’t make a market.<\/p>\n

Spot Selling Intensifies Across All Venues<\/h2>\n

Cumulative Volume Delta across Binance, Coinbase, and other major exchanges has flipped decisively negative. Market orders are hitting bids, not lifting offers. Even U.S.-based Coinbase flow, typically a bullish signal when positive, has softened.<\/p>\n

The alignment is telling: this isn’t passive liquidity drying up. It’s active distribution.<\/p>\n

Derivatives Signal Stabilization, Not Recovery<\/h2>\n

Options markets offer a glimmer of reduced panic. One-month ATM implied volatility has compressed from 80% during the liquidation phase to roughly 47%. The 25-delta skew\u2014measuring put premium over calls\u2014dropped from 20% to 11%.<\/p>\n

Traders are unwinding crash hedges. But they’re not rebuilding upside exposure either. Perpetual funding rates have shifted from persistent positive (long bias) to neutral-negative territory. The derivatives complex is defensive, not bullish.<\/p>\n

What Breaks the Range?<\/h2>\n

The 90-day Realized Profit\/Loss Ratio sits between 1 and 2, a zone historically associated with early-to-mid bear phases. Until this metric reclaims levels above 2, capital rotation remains limited and structural bias stays negative.<\/p>\n

Technical analysis points to $65,650 as near-term support, with $57,800 representing a key Fibonacci level if selling accelerates. A reclaim of $71,800 resistance would need to hold before any attempt at the $79,000 True Market Mean makes sense.<\/p>\n

For now, Bitcoin is stuck in absorption mode\u2014not crashing, not recovering, just waiting for someone to make the next move.<\/p>\n

Image source: Shutterstock<\/i><\/span> Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Zach Anderson Feb 18, 2026 17:07 Glassnode analysis shows Bitcoin stuck between True Market Mean ($79K) and Realized Price ($55K) as ETF demand evaporates and spot selling intensifies. Bitcoin is pinned in a defensive trading corridor with no clear escape route, according to fresh on-chain data from Glassnode. The asset broke below its True Market […]<\/p>\n","protected":false},"author":1,"featured_media":557716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,12],"tags":[31,118,24182,1726,25,2284],"class_list":{"0":"post-557715","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-blockchain","9":"tag-bitcoin","10":"tag-btc","11":"tag-etf-flows","12":"tag-market-structure","13":"tag-news","14":"tag-on-chain-analysis"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/557715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=557715"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/557715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/557716"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=557715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=557715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=557715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}