Positioning Unwinds Fuel Rally, Several Encouraging Signs Point to Further Upside
Feb 25, 2026
• 2
Min Read
Discussed in today's video:
Strong upside session. BTC rallied to just below $70,000, briefly tagging that level after the close. ETH/BTC and SOL/BTC each gained roughly 5%, with broad alt outperformance. Initial impulse driven by short covering and liquidations. The rally began around 8 p.m. ET on Tuesday alongside a sharp decline in Bitcoin open interest, with the price moving quickly from approximately $64,000 to $66,000. Funding rates were decisively negative heading into the move, i...