Brazilian lawmakers have revived a legislative proposal to authorize the purchase of up to 1 million Bitcoin for a Strategic Sovereign Bitcoin Reserve, according to the bill's description. The measure envisions BTC acquisitions distributed over a five-year period.

Bitcoin inflows to accumulation addresses reached the highest level since early 2022, CryptoRank data show. Large holders continued buying despite the price drop, with such flows potentially signaling upside after fear-driven selloffs.

Prediction market Polymarket launched short-interval Bitcoin price markets on its platform. The new markets focus on near-term BTC price levels.

An address transferred 1,500 BTC, valued at $103.26 million, to another unknown address. Both addresses involved in the transaction remain unidentified.

Bitcoin's bear market bottom is estimated near $55,000, onchain analytics firm CryptoQuant said. Key onchain indicators currently signal a Bear Phase rather than the Extreme Bear Phase that historically coincided with previous cycle lows, the firm noted.

Polymarket has launched 5-minute Bitcoin Up/Down prediction markets, the platform announced. The short-duration contracts already account for 25% of daily trading volume on the venue.

Spot Bitcoin ETFs recorded combined net outflows of $410 million on Feb. 12, Farside data show. BlackRock's IBIT saw $157.6 million in withdrawals, while Fidelity's FBTC posted $104.1 million in outflows. Grayscale's GBTC reported $59.1 million in outflows the same day, marking a sharp reversal from its recent inflow pattern and potentially signaling short-term profit-taking or a shift toward risk-off positioning.

Bitcoin is approaching $70,000, with promotional content describing it as an opportune moment to sell. The content encourages customers to purchase gold or silver instead, noting that BitPay is available as a payment option at checkout on Schiff Gold.

Bitcoin rebounded to $69,000, but chart analysis continues to support a bearish stance despite the price recovery. The assessment describes the move as a short-term bounce within a negative technical backdrop, noting that spot gains have not altered the downside bias reflected in chart readings. Analysts emphasize the advance represents a recovery within an unchanged bearish framework rather than a shift in market structure.