Bitcoin price bounces back from weekend slide

The recovery took Bitcoin to about $68,200 in early Sunday trading on Coinbase, before easing to around $67,350 later in the session, erasing the prior day’s drop and returning the asset to roughly Friday’s levels.

Move came amid heavy derivatives churn. Over the past 24 hours, about 157,000 traders were liquidated for roughly $657 million in total liquidations, split roughly evenly between leveraged longs and shorts, according to data referenced in the report.

The price swing unfolded alongside escalating reports about events in Iran. Iranian state media reported Khamenei’s death following the strikes, while U.S. President Donald Trump commented publicly on the event, according to wire reports.

Bitcoin’s bounce still left it inside a broader consolidation pattern. The report described BTC as remaining within a three-week range-bound channel despite the quick $5,000 rebound in less than 24 hours.

The weekend turbulence also capped a weak month for the asset. Bitcoin closed February down just under 15%, marking its third-worst February on record and only the fourth February since 2013 in which it ended the month in the red, according to figures cited in the report.

Looking beyond the monthly close, the report said Bitcoin was also on pace for its worst-performing first quarter since 2018, down almost 23% year-to-date at the time of writing.

For traders, the immediate focus is whether the rebound holds into the next major market open after a weekend dominated by geopolitical headlines and forced liquidations, or whether volatility reappears as risk pricing adjusts to further developments in the Middle East.