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Bitcoin Sets A New Record In February.

Bitcoin experienced a surge due to concerns raised among investors by China.

Bitcoin managed to surpass $43,500 during the opening of Wall Street on February 5th, in response to the uncertainty in Chinese markets affecting U.S. markets.

Will there be a recession in China?

According to TradingView data, Bitcoin reached $43,515 on Bitstamp, marking a record high for Bitcoin in February.

The 8% single-day drop in China's CSI 1000 index has prompted officials to increase efforts to control short selling.

Trading source The Kobeissi Letter evaluated whether China is in a recession due to a disconnect between large and small-scale stocks.

X stated, "The Chinese market has lost $7 trillion in value over the past three years."

However, GBTC outflows also remained at a low level compared to previous days. The downward trend continued to bolster investor hopes.

The $25,000 region is gaining new liquidity.

Keith Alan, the founder of Material Indicators, issued a warning regarding the BTC price as he analyzed the Order Book.

Alan noted that Bitcoin still has liquidity just below the spot price and suggested that a return to $42,000 could easily happen.

Highlighting an increase in liquidity around $25,000, Alan stated, "This doesn't indicate an immediate drop to that level, but it shows significant sensitivity to it."

In a video he shared, Alan said, "Is this placed here for a good reason or just as a potential wick? Time will tell. However, I'll be monitoring whether more liquidity flows into this range."

Alan noted that it's likely for short-term price movements to reach $45,000 or higher.

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