Bitcoin Price Analysis: BTC Back Above $66,000 Amid Ongoing Geopolitical Instability

Bitcoin (BTC) bounced back above $66,000 on Monday following a sharp weekend drop to $63,000 as geopolitical tensions surged after the US and Israel launched targeted, preemptive strikes on Iran. The flagship cryptocurrency dipped to a low of $63,019 on Saturday before rebounding to reclaim $66,000. Selling pressure returned on Sunday as BTC ended the weekend in the red. The price is marginally down during the ongoing session, trading around $65,690.

The recovery has helped Bitcoin erase most of its war-related losses. The recovery comes as traders hope a leadership void in Iran could create grounds for de-escalation, helping the flagship cryptocurrency mount a rally that could be tested on Monday once oil and equity markets reopen.

Monthly Crypto Losses Lowest Since March: PeckShield

Monthly losses due to crypto hacks and scams are at their lowest level since March 2025, with only $26.5 million stolen in February 2026, according to blockchain security company PeckShield. The industry witnessed 15 incidents in February, with two accounting for most of the losses accrued during the month. The largest was the $10 million exploit of YieldBlox’s DAO-managed lending pool. The exploit was orchestrated through a price manipulation attack on February 21.

The second-largest exploit was that of the decentralized identity protocol IoTeX. The protocol lost $8.9 million due to a private key exploit. February saw a 69% month-on-month decline from January, which registered $86 million in losses due to exploits. According to PeckShield, the absence of larger exploits such as the $1.5 billion Bybit hack has kept numbers in check. Additionally, market volatility has also led to a decline in the number of exploits. A PeckShield spokesperson stated,

“A sharp market correction in early February, with Bitcoin dipping below $70,000, shifted the industry’s focus toward institutional deleveraging and math-based sell-offs. During such high-volatility periods, the tactical focus often moves away from protocol exploits toward navigating market liquidity.”

On the other hand, Kronos Research analyst Dominick John believes the decline in exploits could be due to security improvements such as tighter risk controls, stronger counterparty standards, and improved real-time monitoring.

“Capital is becoming more selective, rewarding protocols with mature security frameworks. Sustained downside will depend on whether security standards keep pace with innovation.”

Bitcoin ETFs Snap Four-Week Outflow Streak

Spot Bitcoin ETFs have recorded $787 million in net inflows for the week ending February 27, snapping a four-week outflow streak. The positive flip was due to strong buying between February 24 and 26, totalling over $1 billion. This helped offset the outflows recorded on February 23 and 27. The ETFs recorded the week’s strongest performance on February 25, pulling in $506 million. They also recorded $257.71 million in inflows on February 24 and $254.46 million on February 26, taking the total past $1 billion.

The inflows mark the first positive week since late January, snapping a four-week outflow streak.

BlackRock Makes Bitcoin Purchase

BlackRock, the world’s largest asset manager, bought thousands of BTC from Coinbase Price after spot Bitcoin ETFs recorded their strongest single-day inflow in over two weeks. According to available data, BlackRock transferred Bitcoin from Coinbase Prime to its iShares Bitcoin Trust wallet. The transfers were done in several batches and completed within an hour. Blockchain data revealed multiple transfers of 300 BTC to addresses linked with the iShares Bitcoin Trust Wallet.

Bitcoin (BTC) Price Analysis

Bitcoin (BTC) rebounded on Monday after dropping to a low of $63,000 over the weekend as geopolitical tensions escalated following the US and Israel’s preemptive strikes on Iran. However, traders are optimistic about de-escalation following the assassination of Ayatollah Khomeini, resulting in a relief rally.

Prices fell over the weekend as geopolitical tensions amplified market volatility. However, Bitcoin showed remarkable resistance to reclaim $66,000, moving to $66,500 before registering a marginal decline to its current level. Traders will keep a close eye on equities and how they react to geopolitical developments on Monday. President Trump stated in a video address that the latest strikes targeted Iran’s nuclear infrastructure, and called on Iranians to take control of the government.

“When we are finished, take over your government; it will be yours to take. This will be, probably, your only chance for generations. For many years, you have asked for America’s help, but you never got it.”

With US markets closed over the weekend, traders turned to the cryptocurrency market for clues on how markets react to the geopolitical situation in the Middle East.

Meanwhile, Samson Mow, CEO of Bitcoin technology company Jan3, believes Bitcoin is undervalued compared to gold and the global money supply, suggesting a price reversal could be on the cards.

“Bitcoin is about 24%-66% below its trend relative to gold’s market cap or global money supply, while gold is overextended.”

Mow also highlighted Bitcoin’s Z-score. The Z-score tracks how close Bitcoin’s price is to its historical average. A reading of 0 indicates the price is in line with the average historical price, while a score above 0 indicates that the price is above average. On the other hand, a score below 0 indicates that Bitcoin is trading below the average historical price. Mow stated that whenever the Z-score of the Bitcoin-to-gold ratio dips below -2, the flagship cryptocurrency has experienced major price rallies. TradingView data shows the metric fell below -3 in November 2022, and BTC rallied 150% over the next 12 months. A similar pattern emerged in 2020 when the metric fell below -2. BTC then rallied by over 300% over the next 12 months.

However, other analysts predict more pain, stating that BTC could drop towards $50,000 due to investor uncertainty and the ongoing geopolitical situation.

BTC started the previous week deep in bearish territory, plunging over 4% to $64m625. Selling pressure persisted on Tuesday as the price fell to a low of $62,534 before settling at $64,068. Despite the overwhelming selling pressure, BTC rebounded on Wednesday, briefly crossing the $70,000 mark before settling at $67,992, a 6.13% increase. The flagship cryptocurrency was back in the red on Thursday, dropping 0.74% to $67,490.

Selling pressure intensified on Friday as BTC fell 2.42% to $65,859. The price fell to a low of $63,019 on Saturday. However, it rebounded from this level to settle at $66,967 after reclaiming $66,000. Price action turned bearish again on Sunday as BTC fell nearly 2% to $65,769. BTC is marginally up during the ongoing session, trading around $66,142.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bitcoin Price Analysis: BTC Back Above $66,000 Amid Ongoing Geopolitical Instability was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.