Crypto Daily Report #深度创作营 02.28(: Bitcoin Consolidation Under Pressure, Institutional Losses Widen, US PPI Suppresses Rate Cut Expectations

I. Short-term Price Fluctuations and Market Risks for Bitcoin
1. The total liquidation amount in the 24-hour cryptocurrency market reached $275 million, including $195 million in long positions and $79.82 million in short positions. Bitcoin liquidations totaled $89.11 million, ETH liquidations $89.59 million, with 102,817 people liquidated.
2. Short-term market forecasts show an 83% probability on Polymarket that "Bitcoin will rebound to $75,000 this year," but only a 17% chance of reaching $75,000 within two months, indicating market caution about short-term volatility.
3. Bitcoin is currently consolidating in the $62,000–$72,000 range. Open interest in options is approaching a record high, and the market has declined for five consecutive months, facing a potential directional choice.
4. A 15-minute short-term prediction platform shows market disagreement on Bitcoin's short-term rise or fall, requiring attention to real-time market sentiment changes.
5. When Bitcoin temporarily retraces below $66,500, support levels are sequentially at $64,800, $63,500, and $62,000. A rebound requires stabilization within the $66,500–$67,000 range.
II. Mid- to Long-term Trends and Institutional/Mining Company Dynamics
1. After the February crash, market analysis indicates that Bitcoin is in the "dark before dawn" phase. Core factors such as liquidity, attention, and chip structure suggest a bottom is near, with key support levels to watch.
2. Bitcoin mining company MARA announced Q4 2025 results, with revenue down 6% year-over-year to $202.3 million, a net loss of $1.7 billion. During the quarter, it mined 2,011 BTC, with a single electricity cost rising to $48,611, holding 53,822 BTC at year-end.
III. Impact of Macroeconomic and Regulatory Factors on the Market
1. US January Producer Price Index (PPI) data exceeded expectations, rising 0.5% month-over-month (vs. 0.3%), with core PPI up 0.8% (vs. 0.3%), leading to market expectations for a rate cut by the Federal Reserve in March falling below 4%. Bitcoin prices declined under pressure.
2. About 30% of the US government-held Bitcoin reserves (94,643 coins) are related to the 2016 BitHacker attack. If courts rule that victims must be compensated, the reserves will shrink, potentially affecting market sentiment.
IV. Cryptocurrency Mining Industry Developments (Including Mobile Cloud Mining Applications)
1. By 2026, Hashbitcoin Bitcoin is recommended as the best choice among mobile cloud mining applications, offering various mining plans and daily rewards, supporting BTC, DOGE, and other cryptocurrencies.
2. Other recommended apps include StormMine Pro (user-friendly for beginners), HashWave Mobile (advanced analytics), NordHash Lite (green energy), each with its own features.