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Just been scrolling through the charts and thinking back to that crazy February dip we had. Bitcoin price on February 15, 2026 was bouncing around $70K after getting absolutely hammered earlier that month. Wild stuff - we're talking a near 50% pullback from the October highs. The fear was real back then.
What's interesting looking back is how those on-chain metrics were screaming oversold. We saw like $2.3B in realized losses over seven days, which was honestly brutal to watch. Short-term holders were capitulating hard, and everyone was talking about potential support near $55K. The inflation data cooling off to 2.4% YoY seemed to help stabilize things though.
Fast forward to now and BTC is sitting around $78K. Not saying February 15 was the bottom or anything, but that recovery above $70K back then did turn out to be more than just a dead cat bounce. The macro picture shifted, risk appetite came back, and here we are. Still, that period taught us something - when everyone's in extreme fear mode, that's usually when the interesting moves happen. The volatility back then between $69-70K felt like the market was figuring things out.
Curious what everyone's take was on that February period. Did you see it as a buying opportunity or were you sitting on the sidelines? Those kinds of capitulation events tend to be where the real money gets made, but timing them is always the tricky part.