Historic Bitcoin capitulation meets extreme fear and institutional divergence – here's the latest: • Bitcoin recovers to $68,817 (16 February 2026) after a historic $2.3B realized loss capitulation event in mid-February. • Extreme Fear & Greed Index hits 9, signaling potential contrarian buy zone despite modest weekly price decline. • Institutional ETF outflows total $423M over 7 days, contrasting with whale accumulation of ~53,000 BTC. • JP Morgan maintains bullish $266K 2026 target, highlighting a split between short-term panic and long-term conviction. • Market stabilizes with neutral funding rates and $46B daily volume, watching key $60K support and $72K resistance.


