History of Bitcoin drawdowns – What it could mean?
But with the recent positive January jobs number and the stock market strength and the growth of Bitcoin ETFs, we think that $60,000 could be the new floor for Bitcoin
But with the recent positive January jobs number and the stock market strength and the growth of Bitcoin ETFs, we think that $60,000 could be the new floor for Bitcoin
We see a trend of buying the dip this morning. As of the latest close on February 12, 2026, U.S.-listed crypto ETFs finished broadly lower,
Crypto ETFs traded lower alongside weakness in underlying digital assets, with broad-based declines across both spot and leveraged products.
In a move similar to corporate share repurchases, protocols are increasingly repurchasing tokens to reduce total circulating supply. However, instead of placing tokens in their
ETFs Crypto-linked ETFs remained under pressure, with price performance broadly negative across major products and fund flows continuing to trend lower. Spot Bitcoin ETFs declined
ETHA is structured as a grantor trust rather than a traditional ETF registered under the Investment Company Act of 1940, meaning it operates under a different regulatory framework and is not subject to the same requirements as typical mutual funds or conventional ETFs.
Technical indicators moved further into oversold territory, highlighting the intensity of the recent selloff. Investor positioning weakened alongside performance, with notable outflows from core spot Bitcoin and Ethereum ETFs and reduced demand for income-oriented strategies.
Overall, IBIT’s structure — holding physical Bitcoin via institutional custody — delivers pure Bitcoin exposure minus fees, and its large scale and liquidity make it a flagship Bitcoin ETF choice.
The crypto market experienced significant downward price movement this week, headlined by over $1.5B in long liquidations on crypto exchanges, which represents the highest level seen this year and matches volume last seen during the October highs, as Bitcoin reached a drawdown of nearly 50%. This morning Bitcoin was trading near $68,423.
Stay updated with the latests analysis and insights from etfdigi.com