February 13 News, geopolitical tensions continue to impact global risk assets. Since the beginning of the week, financial markets have lost approximately $120 billion in market capitalization, with major stock indices retreating to pre-election levels. Amid rising risk aversion, gold initially rebounded, but on February 12, it experienced a 3.19% single-day decline, indicating that capital sentiment remains rapidly shifting.
On the same trading day, Bitcoin fell 1.2%, and the U.S. S&P 500 index dropped 1.57%, showing a synchronized weakening trend in the market. Bloomberg reported that Russia is re-expanding the use of the US dollar in cross-border settlements, a move seen as an important signal for the global currency landscape. From a technical perspective, the US dollar index, after more than a year of correction, has returned to the 2022 range, potentially increasing the likelihood of a rebound and boosting the appeal of dollar-denominated assets.
However, a strengthening dollar often suppresses risk assets. Rising bond yields reduce the relative attractiveness of high-volatility assets like Bitcoin, making short-term upward momentum difficult to establish. Recent data also reflect cautious market sentiment, as Bitcoin ETFs saw a brief inflow followed by a $276 million outflow, indicating that institutional buying has yet to form a sustained trend.
Sentiment indicators remain weak. The CEX Premium Index has not turned positive since its peak last year, indicating insufficient North American buying confidence. However, on a structural level, large institutions continue to accumulate positions. Since 2026, major CEX and strategy institutions have collectively increased their holdings by over 42,000 Bitcoin, providing key support above $60,000.
Currently, Bitcoin is in a phase of sentiment and structural contest. If macro uncertainties ease and risk appetite recovers, prices may break through the current range; conversely, further dollar strength could continue to suppress short-term performance. Market focus has shifted from single technical indicators to changes in global capital flows and macro narratives.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
