The net buyer volume in Bitcoin has returned to positive territory this February 12, 2026, after a month of aggressive sales that crashed confidence indicators. According to reports from Binance and CryptoQuant, the crypto market sentiment has dropped to unprecedented levels of extreme fear, recording only 5 points out of 100.
This shift in order flow suggests that selling pressure is losing momentum, allowing the price of BTC to attempt stabilization above 65,000 dollars. Despite the statistical desolation, analysts consider that this rebound in market purchases could represent a critical turning point for the recovery of the digital asset.
Order flow stabilization on Binance amidst extreme pessimism
After reaching nearly $4.9 billion in cumulative net selling in early February, Binance’s flow has returned to positive values of approximately $320 million. Nevertheless, the crypto market sentiment remains fragile, forcing investors to operate with extreme caution on what is described as “thin ice” in the financial landscape.
The sentiment metric, which measures the difference between market buy and sell orders, shows a clear decline in sell-side aggression from institutional players during this current week. At the same time, the Fear & Greed Index has dropped to a record low of 5, reflecting a deep disconnection between price action and the investors’ underlying psychology.
Can the rebound in spot demand from Asia sustain the price of Bitcoin?
On the other hand, the price gap between major international exchanges reveals that demand in the United States has not yet recovered its usual dynamism compared to Asian markets. Therefore, the Coinbase Premium Index continues to show negative values, which indicates moderated U.S. spot demand in comparison to the volume seen on Binance platforms.
Likewise, the technical resistance located at $69,000 remains the main obstacle for the bullish structure to confirm a long-term trend change for the primary asset. In this way, although on-chain data offers an optimistic outlook, macroeconomic uncertainty continues to weigh on the decisions of large holders of cryptocurrencies.
Looking ahead, the market expects that the stabilization of buying flows on exchange platforms will serve as a foundation for a general recovery in confidence. However, the persistence of such high fear levels suggests that any unexpected pullback could trigger new waves of panic selling among the most vulnerable retail market participants.
In conclusion, the reduction of selling pressure by takers represents an early signal of health, although the path to previous highs requires a solid recovery of investor confidence globally. Therefore, analysts recommend monitoring the entry volumes in smart contracts to validate if this buying momentum possesses the strength needed to break through key resistance levels.
