Updated: February 11, 2026 – 12:30 JST | Tapbit Bitcoin Price Desk
Bitcoin is trading at approximately $68,431 (24h change: -1.3%) on February 11, 2026, according to aggregated exchange data. The price has stabilized in the $67,800–$69,200 range after briefly testing lows near $60,000 in late January / early February — a zone that acted as strong demand during the previous leg lower. From the October 2025 all-time high of roughly $126,220, BTC remains down approximately 52%, placing the current level deep in corrective territory but above key long-term support.
This update examines the drivers behind the recent dip and partial recovery, key technical levels to watch, macro catalysts (U.S. employment & inflation data this week), institutional flows, on-chain signals and realistic trading scenarios for the rest of February 2026 — especially for traders using Tapbit’s zero-fee spot, up to 125x perpetuals and flexible Earn products.
Recent Price Action – From $60K Test to Current Stabilization
| Period | Price Range | Change | Key Notes |
|---|---|---|---|
| Oct 2025 Peak | $126,220 | — | Cycle high; euphoria phase top |
| Late Jan – Early Feb 2026 | $126K → ~$60,000 low | –52% | Heavy leverage flush; funding rates deeply negative |
| Feb 6–10 | $60K → $68,431 (current) | +13–14% bounce | Capitulation volume cluster at $60–62K; short covering + dip buying |
| Feb 11 (intraday) | $67,800–$69,200 | –1.3% (24h) | Consolidation; funding rates normalizing |
The **$60,000** zone printed high-volume capitulation — a classic exhaustion signal. The subsequent ~14% relief rally has brought price back into the $68K area, but momentum remains tentative ahead of major U.S. macro releases this week (employment report already out, CPI & PPI still pending).
Key Drivers Behind the Drop & Partial Recovery
- Leverage flush & liquidations
The leg from $126K to $60K triggered over $1.1 billion in ETH/BTC futures liquidations in the first week of February alone — predominantly long positions built during the late-2025 rally. Funding rates flipped deeply negative (longs paying shorts at –0.04% to –0.09%), accelerating the flush. - Spot ETF outflows
U.S. spot Bitcoin ETFs saw cumulative net redemptions of ~$2–3 billion since January highs (BlackRock IBIT & Fidelity leading outflows). This removed direct spot bid support during the correction. - Macro & risk-off rotation
Renewed Fed “higher-for-longer” rhetoric, tariff threats, elevated real yields and geopolitical headlines suppressed risk appetite. BTC — with higher beta than gold — amplified the move. - Technical breakdown
Loss of $80K–$85K multi-month support triggered algorithmic stop cascades. ETH/BTC ratio made fresh cycle lows, confirming altcoin weakness. - Stabilization catalysts
High-volume exhaustion at $60–62K, funding-rate reset (less negative), slowing ETF outflows and early bullish divergence on lower timeframes fueled the bounce back toward $68K–$69K.
Critical Technical Levels – February 11, 2026
Current BTC Price: ~$68,431
- Immediate Support: $67,800–$68,000 (recent consolidation low)
- Critical Demand Zone: $65,000–$67,000 (prior swing area + 50-day EMA cluster)
- Next Major Support: $60,000–$62,000 (capitulation zone that held)
- Immediate Resistance: $70,000–$72,000 (psychological + prior rejection)
- Medium-Term Resistance: $76,000–$78,000 (downtrend line from Jan highs)
- RSI (daily): ~35–40 → recovering from oversold, bullish divergence visible on 4H
- Fear & Greed Index: ~25–30 → still fear territory but off extreme lows
Hold above $67,000 keeps the relief rally intact; break below $65,000 risks retest of the $60K zone.
Upcoming Macro Catalysts – Week of Feb 10–14, 2026
- U.S. CPI & PPI releases (Feb 11–13) — hotter-than-expected prints could reinforce “higher-for-longer” narrative → renewed BTC pressure
- Fed speakers — Any hawkish commentary reinforces real-yield headwinds
- ETF flow direction — Return of inflows would confirm institutional dip-buying
- Funding rates & OI reset — Continued normalization reduces downside leverage risk
Tapbit Trading Strategies – February 2026
- Sign Up on Tapbit (0% maker fees)
- Deposit USDT or JPY via P2P / bank transfer
- Dip accumulation: DCA BTC/USDT spot on pullbacks to $65,000–$67,000 zone
- Reversal confirmation: Long BTC/USDT perpetuals on reclaim of $70,000–$72,000 (20–50x leverage, isolated margin)
- Risk-off hedge: Long XAU/USDT perpetuals if macro fear intensifies
- Risk control: Max 1–2% account risk per trade; trailing stops below recent swing lows
FAQs – Bitcoin Price Update February 11, 2026
Why did Bitcoin drop to ~$60,000 recently?
Leverage flush ($1.1B+ liquidations), spot ETF outflows (~$2–3B since Jan highs), macro risk-off (Fed pause, tariffs), and technical breakdown below $80K–$85K support.
Is $60,000–$62,000 a strong bottom?
High-probability demand zone — capitulation volume cluster, historical support, strong Fib confluence. Break below opens risk toward $55,000–$58,000.
Should I buy Bitcoin around $68,431?
$65,000–$67,000 offers better risk/reward for staged DCA entries. Wait for $70,000–$72,000 reclaim + higher volume before aggressive longs. Below $65,000 risks retest of $60K.
What macro data could move BTC this week?
U.S. CPI & PPI releases (Feb 11–13), Fed speakers, ETF flow direction, funding-rate normalization — hotter inflation data reinforces “higher-for-longer” pressure.
Conclusion & Near-Term Outlook
Bitcoin’s current price of $68,431 (February 11, 2026) reflects a partial stabilization after testing ~$60,000 lows — a zone that absorbed heavy selling pressure and produced classic capitulation volume. While ETF outflows, macro headwinds and leverage resets keep near-term risk alive, the modest nature of institutional selling (~7% net ETF AUM redeemed vs 50% price drop) and early bullish technical signals suggest this remains a corrective pullback within a broader bull cycle rather than a structural bear market.
Tapbit provides traders with optimal execution during these rotations: 0% maker fees on BTC/USDT spot & perpetuals, deep liquidity, up to 125x leverage (use conservatively), flexible Earn yields, P2P fiat ramps, and real-time charts with XAU/BTC overlays. Key levels to monitor: $65,000–$67,000 support hold, $70,000–$72,000 resistance reclaim, U.S. CPI/PPI reaction, ETF flow direction, and funding-rate flips — the next 7–14 days will likely determine whether this remains a healthy reset or develops into deeper weakness.
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Disclaimer: Cryptocurrency trading involves significant risk of loss. Prices are highly volatile and can change rapidly. Technical patterns, ETF flows and macro data do not guarantee future results. This article is for informational purposes only and does not constitute investment advice. Always conduct your own research (DYOR) and never invest more than you can afford to lose completely.
