**Bitcoin_Market_Analysis

Bitcoin Market Analysis (February 28, 2025)

Based on today's data, Bitcoin is experiencing significant volatility. After dropping below $80,000 overnight (reaching as low as $78,226), it has recovered somewhat to around $84,000 during U.S. trading hours. This represents a substantial correction of 25-26% from the all-time high reached in January 2025.

Key observations about today's Bitcoin market:

  • Bitcoin is having its worst week since the 2022 FTX collapse, down more than 11% for the week

  • Market sentiment has shifted dramatically to "extreme fear" territory (10-16 on the Fear & Greed Index)

  • Contributing factors include Trump's upcoming tariff policies (set to begin March 4), $2.7 billion in Bitcoin ETF outflows this week, and the recent Bybit exchange hack ($1.5 billion)

  • Technical indicators suggest oversold conditions with RSI at 25

Despite the current volatility, some experts remain optimistic - Standard Chartered still maintains a $200,000 Bitcoin price target for 2025. The overall macroeconomic environment shows continued global liquidity expansion, which historically correlates strongly with Bitcoin's price movements.

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