PANews reported on February 26 that Matrixport stated that Wall Street has become an important player in the Bitcoin market, and its 60% market dominance remains an important benchmark for the crypto market. The impact of institutional trading behavior on Bitcoin price trends is becoming increasingly significant. Recent market concerns about Trump's proposed tariffs and a possible six-month delay in the Bitcoin strategic reserve plan may be one of the reasons for the top pattern on the current technical chart.
In addition, BlackRock's IBIT ETF followed the price fluctuations of Bitcoin and had an important trading day with a trading volume of $5.1 billion. Although it did not reach the historical high, this data is still worth paying attention to. From a technical analysis point of view, Bitcoin may retreat to the recent support level of $73,000, which corresponds to the position of IBIT ETF at about $40.
