Santiment’s weekly market review highlights a volatile end to February for cryptocurrency markets. Although Bitcoin briefly approached $70,000, it is expected to close the week down about 2%, near $65,500.
Market sentiment was influenced by the Jane Street investigation and legal developments related to the Terraform Labs collapse. However, Santiment analysts caution that blaming the downturn solely on these events is misleading, emphasizing that whale activity remains the key driver behind recent price movements.
Markets are closely watching March 1, 2026, when the White House is expected to rule on the Clarity Act, a decision that could reshape crypto regulation and boost institutional confidence.
Santiment’s on-chain data shows a contrast in market behavior. Retail investors continue to buy dips, creating high optimism that may limit short-term gains. Meanwhile, whales have added about 15,400 BTC over the past three days but remain cautious overall.
Despite record $23.1 billion in Bitcoin ETF trading volume, analysts describe current conditions as a “calm before the storm.” They warn that rising FOMO could increase short-term downside risk.
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