Is the Bull Market Making a Comeback?
Crypto prices rebound, inflows surge and alt‑coins rally – but caution remains
By CoinDesk Staff – 25 Feb 2026
Market snapshot
- Bitcoin (BTC) reclaimed the $69 000 mark on Tuesday, a level that has held as a firm ceiling for the past 24 hours.
- ETF activity spiked, with spot‑bitcoin exchange‑traded funds attracting a net $257 million of new capital – the strongest inflow since early February.
- Alt‑coins such as Ethereum, XRP, BNB, Solana, Dogecoin and others posted noticeable gains, indicating that selling pressure may be easing across the broader crypto market.
These moves have prompted many analysts to ask whether the prolonged bear phase that began in late‑2022 is finally giving way to a new upward trend.
Bitcoin: the bellwether
Price action
After slipping to a low of $62 500 on Monday, BTC surged back above $69 000 on Tuesday, comfortably holding above the $60 000 psychological support. The rally appears to be driven by “dip‑buying” from traders who view the $60 k‑$62 k range as a value opportunity.
Technical outlook
- 20‑day EMA: $69 375 – a break above this moving average could open the path toward the next resistance near $74 500.
- Support zone: $60 000; a breach could expose the pair to a deeper pullback toward the $52 500 area.
On‑chain and institutional signals
- ETF inflows of $257 million suggest renewed institutional appetite.
- Realized profit/loss ratio (90‑day moving average) slipped below 1, a level that historically precedes a period of loss realization lasting at least six months before the ratio recovers.
- Correlation with equities has diverged sharply; the S&P 500 advanced roughly 7 % while BTC fell 43 % over the last six months. Analysts at Santiment warn that this disconnection may be temporary, and a reconvergence could add upside in an expanding macro environment.
Alt‑coins: a mixed‑bag rally
| Asset | Recent move | Key technical level(s) | Near‑term outlook |
|---|---|---|---|
| Ethereum (ETH) | Up from $1 800, trading within $1 750‑$2 111 | 20‑day EMA (~$2 111) & 50‑day SMA (~$2 540) | Bullish if it pierces $2 111; otherwise range‑bound. |
| XRP | Jumped to the 20‑day EMA (~$1.46) | 50‑day SMA ($1.70) & downtrend line | A close above EMA could trigger a run to $1.70; downside risk to $1.11. |
| BNB | Rebounded from $577, defending $570 | 20‑day EMA ($641) & $669 resistance | Break above $641 may send BNB toward $730; a slip below $570 opens a path to $500. |
| Solana (SOL) | Briefly fell below $76 then recovered | 20‑day EMA ($87) & $95 resistance | Holding above $87 could lift SOL to $117; a further dip may take it to $67. |
| Dogecoin (DOGE) | Recovered to $0.09‑$0.10 region | 20‑day EMA ($0.10) & $0.08 support | Maintaining above $0.10 could target $0.12; break below $0.08 may start a decline toward $0.06. |
| Bitcoin Cash (BCH) | Fell below $500, EMA turning down | 20‑day EMA (~$564) & $443 support | Strengthening above moving averages could push BCH to $600; otherwise further downside. |
| Hyperliquid (HYPE) | Dropped under 50‑day SMA ($28.1) | 20‑day EMA ($29.31) & $36.77 resistance | A close above $29.3 may launch a rally to $36.8; failure could see a slide to $20.8. |
| Cardano (ADA) | Holding above 20‑day EMA ($0.28) | Downtrend channel upper line | If price stays above EMA, ADA could test the channel’s upper boundary; a break down would keep it range‑bound. |
| Monero (XMR) | Recovered from $309 breach | 20‑day EMA ($346) & $360 resistance | Holding above $360 would open the way to the 50‑day SMA (~$435); otherwise it may linger between $300‑$360. |
Overall, the majority of the top‑10 assets are testing key moving averages and resistance levels, suggesting that buying interest is re‑emerging after a period of capitulation.
What could stall the rally?
- Realized loss pressure – The dip in the realized profit/loss ratio indicates that many holders are still in the red, potentially prompting additional selling if price stalls.
- Macroeconomic headwinds – Persistent inflation or a tightening monetary policy cycle could keep risk‑off sentiment high, limiting fresh inflows.
- Regulatory uncertainty – New guidance on crypto‑related ETFs or exchange operations could either boost confidence or introduce fresh constraints.
Key takeaways
- Bitcoin is back above the $69 k barrier, buoyed by strong ETF inflows and dip‑buying, but the next major test lies at the $74 500 resistance and the 20‑day EMA.
- Alt‑coin momentum is evident, with most of the top‑10 tokens posting price gains and challenging technical hurdles that could set the stage for broader market participation.
- On‑chain metrics remain mixed: while institutional money is flowing in, the profit/loss ratio below 1 warns of possible short‑term downside pressure.
- Correlation with equities is currently low, but a reconnection to traditional risk assets could supply additional upside if economic conditions improve.
Investors should continue to monitor both macro‑level signals—such as ETF inflows and equity market trends—and asset‑specific technical levels. While the chart patterns hint at a tentative resurgence, the market remains vulnerable to sudden shifts in sentiment or regulatory developments.
The information presented here is for editorial purposes only and does not constitute investment advice. Readers are encouraged to conduct their own due diligence before making any trading decisions.
Source: https://cointelegraph.com/news/price-predictions-2-25-btc-eth-xrp-bnb-sol-doge-bch-ada-hype-xmr?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
