So I just looked at the latest Bitcoin data, and there’s something interesting to note. If you look at the movement over the past 30 days, BTC actually increased by 17% to the $77.8K level. But if we flash back to February this year, there was a pretty significant decline—down 24% in a month, the worst drop since 2022. Roughly, what happened?

At the time, the main trigger was the global 15% tariff policy that caused investors to panic. The spot Bitcoin ETF also saw outflows of more than $200 juta in a single day, showing that institutions were reducing risk. Back then, everyone was focused on the support level $60K and the 200-week moving average at $58.5K. If Bitcoin broke below that, it could have triggered a cascading sell-off.

But what’s interesting is that after that decline, the market started to recover. Now it’s April, and BTC is back on the rise. This doesn’t mean that the February decline wasn’t important—on the contrary, it shows that Bitcoin is still extremely sensitive to macroeconomic changes. Volatility is high, and investors need to be careful. Looking at positioning in the derivatives market, many traders are still cautious, and demand for put options remains high.

What I also notice is that the crypto infrastructure is now more solid than in 2022. There are regulated ETFs, and the legal framework is clearer. So even though the decline happened, it feels more like a healthy correction than a crisis. But still, if there’s a new economic shock, a decline like February could happen again. Stay alert to support levels and keep monitoring macro trends.