Bitcoin price on Feb 13, 2026 at 12pm EST?
Short Answer
Both the model and the market overwhelmingly agree that the Bitcoin price will be $68,250 or above on Feb 13, 2026 at 12pm EST, with only minor residual uncertainty.
1. Executive Verdict
- Derivatives market showed concentrated leverage, indicating volatility risk.
- Long-Term Holders showed net distribution, but selling slowed significantly.
- U.S. Spot Bitcoin ETFs experienced significant net outflows in early February.
- Institutions viewed U.S. Strategic Bitcoin Reserve as a de-risking factor.
- BTC/USD bid-side liquidity was approximately $78.7 million on February 13.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| $69,000 or above | 83.0% | 0.0% | Continued institutional adoption supports long-term Bitcoin valuation. |
| $68,750 or above | 95.0% | 100.0% | Favorable global regulatory developments enhance Bitcoin's market appeal. |
| $69,250 or above | 60.0% | 0.0% | Sustained retail investor demand helps maintain upward price momentum. |
| $69,500 or above | 30.0% | 0.0% | Bitcoin's reduced supply post-halving drives potential price appreciation. |
| $68,500 or above | 98.0% | 100.0% | Broader macroeconomic stability generally supports growth in digital assets. |
Current Context
On February 13, 2026, Bitcoin recently experienced a sharp price decline driven by deleveraging and macro factors [^] . Bitcoin underwent a major selloff in early February 2026, plummeting by 45-50% from its October 2025 peak of over $126,000 to trade in the mid-$60,000s [^]. This sharp drawdown was primarily attributed to a rapid unwind of leverage and an orderly deleveraging within the market, rather than a single liquidation event [^]. On February 5, Bitcoin recorded one of the fastest single-day crashes in crypto history with a -6.05σ move on its rate-of-change Z-score [^]. Around February 9, Bitcoin showed tentative signs of stabilizing below $70,000 but struggled to regain significant momentum, and as of February 13, 2026, it is undergoing its fourth consecutive weekly decline [^]. The cryptocurrency market faces pressure from broader risk-off sentiment, falling global tech stocks, and anticipation of upcoming U.S. inflation data, alongside reduced expectations for near-term interest rate cuts [^]. Despite this, institutional activity saw U.S. spot Bitcoin ETFs record net inflows of $166.5 million on February 10, though overall flows between January 26 and February 11 were mixed [^]. Treasury Secretary Scott Bessent confirmed in February 2026 Congressional hearings that the U.S. will halt all sales of seized Bitcoin, redirecting assets to a Strategic Reserve, and Michael Saylor's Strategy added 1,142 BTC for approximately $90 million in the first two weeks of February 2026, bringing its total holdings to 714,644 BTC [^].
Market data indicates bearish sentiment, prompting diverse expert price predictions [^] . On February 13, 2026, Bitcoin's price fluctuated between approximately $66,464 and $68,882 USD, with a Robinhood prediction market showing contracts above $65,250, $65,500, and $65,750 at 4 AM EST [^]. Traders are closely monitoring key support levels around $65,000, $60,000, and potentially the "realized price" of $55,000, with immediate resistance noted between $66,464 and $71,673 [^]. Market capitalization is approximately $1.3 trillion to $1.37 trillion, and moving averages (20, 50, 100, and 200 Exponential Moving Averages) generally indicate a bearish short-term trend [^]. The Fear & Greed Index is at 5, signifying "Extreme Fear," and front-end implied volatility is high at 85.03%, with derivatives positioning showing a bearish shift and neutral-to-negative funding rates [^]. Short-term outlooks vary, with Changelly forecasting Bitcoin to reach $70,586.19 by February 15 [^], and CoinDCX predicting a $65,000-$67,500 range until February 16, with potential for $100,000-$105,000 by month-end if major EMA levels are reclaimed [^]. VanEck's Matthew Sigel views the selloff as "orderly deleveraging" rather than capitulation [^], while Glassnode warns of a potential drop to the $55,000 "realized price" amid a defensive trading range of $60,000-$72,000 [^]. Long-term price targets for 2026 include JPMorgan's estimate of a $77,000 production cost as a potential floor and a volatility-adjusted model implying $170,000-$266,000 [^]. Standard Chartered revised its year-end 2026 forecast to $100,000 (from earlier $150,000-$300,000), suggesting a possible drop to $50,000 before stabilization [^]. Goldman Sachs (January 2026) sees potential for Bitcoin to approach $200,000 by 2026, contingent on favorable regulation, ETF inflows, and easier financial conditions [^].
Upcoming events and significant investor concerns fuel ongoing market uncertainty [^] . Key events include ETHDenver 2026 (February 13-20), the Tokenized Capital Summit 2026 (February 13), and the Bitcoin for Corporations conference (February 24-25) [^]. Traders are also closely monitoring the highly anticipated U.S. Consumer Price Index (CPI) data for its potential macroeconomic impact, along with upcoming Bitcoin options expiry dates and regulatory developments from bodies like the CFTC Innovation Advisory Committee [^]. Common questions and concerns revolve around whether the current downturn signals a market bottom or a deeper bear market, and Bitcoin's continued sensitivity to macroeconomic conditions such like interest rates, inflation, and tech stock performance [^]. Investors are also questioning the evolving role of institutional adoption and ETF flows, Bitcoin's inherent volatility, and its potential as a "liquidity alarm bell" during broader market stress [^]. For U.S. investors, the implications of a "crypto winter" on portfolio resilience and long-term strategies are significant, alongside emerging concerns about the profitability of Bitcoin mining in 2026 and potential repurposing of power capacity for AI data centers [^]. Traders are actively seeking answers to why Bitcoin's price is down today and whether it will go above $66,464 or continue to fall [^].
2. Market Behavior & Price Dynamics
Historical Price (Probability)
Outcome probability
Date
This prediction market chart shows no price movement, having opened and remained static at a price of $1.00. This price indicates a 100% perceived probability that the Bitcoin price will resolve above the $76,499.99 threshold on February 13, 2026. The trend is perfectly sideways, with no volatility or attempts to test other price levels. The $1.00 mark has acted as the definitive price ceiling and floor for the duration of the available data, representing the only key price point in this market's history.
The trading volume is notably high, with 246,096 contracts changing hands. This substantial volume, all occurring at a static price of $1.00, suggests a period of exceptionally strong and unanimous conviction among market participants. However, this displayed sentiment is in stark contradiction to the provided news context. The recent major selloff has driven Bitcoin's price down into the mid-$60,000s, well below the market's resolution target. The chart's 100% "YES" probability has not reacted to this severe downturn. This disconnect strongly implies that the market's price is stale and reflects sentiment from before the crash, possibly when Bitcoin was trading near its peak of over $126,000.
In summary, the chart on its own reflects absolute certainty in a positive outcome. But when analyzed against real-world events, it illustrates a market that is not reflecting current information. The high-volume, static price is likely a historical artifact of a previously bullish environment. The market's price does not incorporate the recent deleveraging event or the resulting negative sentiment that has pushed the underlying asset's price significantly below the market's threshold.
3. Market Data
Contract Snapshot
This Kalshi market concerns the Bitcoin price at 12pm EST, with a general timeframe of 2026 implied. The provided page content does not specify the exact price threshold for YES/NO resolution, the specific settlement date, or any special settlement conditions.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Implied probability |
|---|---|---|---|
| $58,000 or above | $1.00 | $0.01 | 100% |
| $58,250 or above | $1.00 | $0.01 | 100% |
| $58,500 or above | $1.00 | $0.01 | 100% |
| $58,750 or above | $1.00 | $0.01 | 100% |
| $59,000 or above | $1.00 | $0.01 | 100% |
| $59,250 or above | $1.00 | $0.01 | 100% |
| $59,500 or above | $1.00 | $0.01 | 100% |
| $59,750 or above | $1.00 | $0.01 | 100% |
| $60,000 or above | $1.00 | $0.01 | 100% |
| $60,250 or above | $1.00 | $0.01 | 100% |
| $60,500 or above | $1.00 | $0.01 | 100% |
| $60,750 or above | $1.00 | $0.01 | 100% |
| $61,000 or above | $1.00 | $0.01 | 100% |
| $61,250 or above | $1.00 | $0.01 | 100% |
| $61,500 or above | $1.00 | $0.01 | 100% |
| $61,750 or above | $1.00 | $0.01 | 100% |
| $62,000 or above | $1.00 | $0.01 | 100% |
| $62,250 or above | $1.00 | $0.01 | 100% |
| $62,500 or above | $1.00 | $0.01 | 100% |
| $62,750 or above | $1.00 | $0.01 | 100% |
| $63,000 or above | $1.00 | $0.01 | 100% |
| $63,250 or above | $1.00 | $0.01 | 100% |
| $63,500 or above | $1.00 | $0.01 | 100% |
| $63,750 or above | $1.00 | $0.01 | 100% |
| $64,000 or above | $1.00 | $0.01 | 100% |
| $64,250 or above | $1.00 | $0.01 | 100% |
| $64,500 or above | $1.00 | $0.01 | 100% |
| $64,750 or above | $1.00 | $0.01 | 100% |
| $65,000 or above | $1.00 | $0.01 | 100% |
| $65,250 or above | $1.00 | $0.01 | 100% |
| $65,500 or above | $1.00 | $0.01 | 100% |
| $65,750 or above | $1.00 | $0.01 | 100% |
| $66,000 or above | $1.00 | $0.01 | 100% |
| $66,250 or above | $1.00 | $0.01 | 100% |
| $66,500 or above | $1.00 | $0.01 | 100% |
| $66,750 or above | $1.00 | $0.01 | 100% |
| $67,000 or above | $1.00 | $0.01 | 100% |
| $67,250 or above | $1.00 | $0.01 | 100% |
| $67,500 or above | $1.00 | $0.01 | 100% |
| $67,750 or above | $1.00 | $0.01 | 100% |
| $68,000 or above | $1.00 | $0.02 | 100% |
| $68,250 or above | $1.00 | $0.01 | 100% |
| $68,500 or above | $0.98 | $0.03 | 98% |
| $68,750 or above | $0.95 | $0.06 | 95% |
| $69,000 or above | $0.83 | $0.19 | 83% |
| $69,250 or above | $0.60 | $0.42 | 60% |
| $69,500 or above | $0.30 | $0.72 | 30% |
| $69,750 or above | $0.11 | $0.90 | 11% |
| $70,000 or above | $0.05 | $0.97 | 5% |
| $70,250 or above | $0.03 | $1.00 | 3% |
| $71,000 or above | $0.02 | $1.00 | 2% |
| $70,500 or above | $0.01 | $1.00 | 1% |
| $70,750 or above | $0.01 | $1.00 | 1% |
| $71,250 or above | $0.01 | $1.00 | 1% |
| $71,500 or above | $0.01 | $1.00 | 1% |
| $71,750 or above | $0.01 | $1.00 | 1% |
| $72,000 or above | $0.01 | $1.00 | 1% |
| $72,250 or above | $0.01 | $1.00 | 1% |
| $72,500 or above | $0.01 | $1.00 | 1% |
| $72,750 or above | $0.01 | $1.00 | 1% |
| $73,000 or above | $0.01 | $1.00 | 1% |
| $73,250 or above | $0.01 | $1.00 | 1% |
| $73,500 or above | $0.01 | $1.00 | 1% |
| $73,750 or above | $0.01 | $1.00 | 1% |
| $74,000 or above | $0.01 | $1.00 | 1% |
| $74,250 or above | $0.01 | $1.00 | 1% |
| $74,500 or above | $0.01 | $1.00 | 1% |
| $74,750 or above | $0.01 | $1.00 | 1% |
| $75,000 or above | $0.01 | $1.00 | 1% |
| $75,250 or above | $0.01 | $1.00 | 1% |
| $75,500 or above | $0.01 | $1.00 | 1% |
| $75,750 or above | $0.01 | $1.00 | 1% |
| $76,000 or above | $0.01 | $1.00 | 1% |
| $76,250 or above | $0.01 | $1.00 | 1% |
| $76,500 or above | $0.01 | $1.00 | 1% |
Market Discussion
Discussions and debates surrounding Bitcoin's price on February 13, 2026, at 12 PM EST, reveal a divided outlook [^]. Many experts predict a bullish trajectory, with forecasts ranging from $101,000 to $170,000, and even up to $266,000, citing institutional adoption, stabilizing ETF flows, and post-halving supply constraints as key drivers [^]. However, a more cautious perspective notes a prevailing consolidation phase and recent dips, with prediction markets showing low confidence in Bitcoin breaching $100,000 by early February, instead anticipating further range-bound trading or potential declines towards the $60,000-$70,000 levels amidst macroeconomic uncertainties and ongoing market corrections [^].
4. What Are Bitcoin's Liquidation Clusters and Squeeze Potential?
| Aggregate Futures Open Interest | $34 billion (down 28% from $46 billion) [^] |
|---|---|
| Short Liquidation Cluster Notional | $1.5 billion - $2.2 billion at $71,500 - $72,500 [^] |
| Long Liquidation Cluster Notional | $1.8 billion - $2.5 billion at $65,500 - $64,800 [^] |
Bitcoin's derivatives market shows concentrated leverage, posing volatility risks for February 2026. The market, despite a 28% contraction in aggregate futures open interest to $34 billion from an earlier high of over $46 billion, retains significant pockets of concentrated leverage [^]. This situation suggests potential for volatile price movements within February 2026, with immediate risks identified through liquidation clusters for perpetual futures and options expiring between February 13 and February 28, 2026.
Analysis indicates a higher and more imminent risk of a short squeeze. Data from platforms like Hyblock Capital and Coinglass [^] supports a marginally higher and more imminent risk of a short squeeze, particularly above the $70,000 - $72,000 range, where a dense cluster of short-side liquidations estimated between $1.5 billion and $2.2 billion is positioned [^]. Conversely, a substantial pool of long liquidations, approximately $1.8 billion to $2.5 billion, exists below $65,000 [^]. The Max Pain price for the February 28 options expiry is calculated at around $68,500, which could act as a magnetic force as expiry approaches.
Influential market participants may target liquidation pools as price magnets. For the prediction market resolving on February 13, 2026, a strong spot bid could trigger a short squeeze above $70,500, potentially resolving above $71,000. Conversely, aggressive spot selling could force a long squeeze below $67,000, driving the price towards the $65,000 region. Real-time monitoring of Spot Cumulative Volume Delta (CVD) and funding rates is crucial to assess the most likely outcome, with hourly data available via Coinglass [^].
5. What Does Bitcoin Long-Term Holder Behavior Indicate for February 2026?
| LTH Net Position Change (30-day) | -178,362 BTC (Feb 12, 2026) [^] |
|---|---|
| LTH Net Profit Realization Rate | 12.8k BTC per week (early Feb 2026) [^] |
| Total LTH Supply | ~14.3 million BTC (mid-Feb 2026) [^] |
Long-Term Holders (LTHs) experienced net distribution in early February 2026, though selling significantly decelerated. Between February 1-12, 2026, Bitcoin LTHs showed a net negative position change, indicating more selling than new LTHs maturing. The 30-day rolling net change in LTH-held supply was approximately -178,362 BTC by February 12, 2026 [^]. However, this rate of distribution has substantially decreased from late 2025 peaks, with LTHs realizing net profits at about 12.8k BTC per week in early February, a significant drop from over 100k BTC per week previously [^]. High rates of coin maturation helped offset spending pressure, and the total LTH supply began to rebound towards ~14.3 million BTC by mid-February [^], suggesting active accumulation or stabilization.
The Long-Term Holder Spent Output Profit Ratio (LTH-SOPR) indicates a market bottoming process, refuting widespread capitulation. After a brief dip below 1.0 in January 2026, which signaled some loss realization, the 7-day Exponential Moving Average (EMA) of LTH-SOPR retested the 1.0 breakeven level in early February. Crucially, by February 9, 2026, the LTH-SOPR firmly reclaimed a position above 1.0, signifying that LTHs were, on average, once again selling at a profit. This recovery suggests that sellers willing to realize losses have largely been exhausted, marking a transition from a corrective phase.
Collectively, these data points suggest a constructive market dynamic and potential re-accumulation. While LTHs remained net distributors, the deceleration of their selling pressure, combined with the LTH-SOPR's recovery above 1.0, indicates the market is effectively absorbing available supply. This behavior is indicative of a transition towards a re-accumulation or consolidation phase, where more convinced market participants are likely absorbing sell-side pressure from panic-selling Short-Term Holders (STHs), aligning with a broader market bottoming signal.
6. What Do Recent U.S. Spot Bitcoin ETF Outflows Signal for Price?
| Cumulative Net Flow (Feb 9-12, 2026) | -$468.8 million (cumulative for Feb 9-12, 2026) [^] |
|---|---|
| Largest Daily Outflow | -$410.2 million (on Feb 12, 2026) [^] |
| Initial Inflows (Feb 9-10, 2026) | $311.4 million (combined for Feb 9-10, 2026) [^] |
U.S. spot Bitcoin ETFs concluded February 9-12 with significant net outflows. This four-day trading period from February 9 to February 12, 2026, began with an initial two days of modest inflows, totaling $311.4 million, followed by a dramatic reversal in investor sentiment [^]. Substantial net outflows of -$276.3 million occurred on February 11, escalating to an even larger -$410.2 million on February 12 [^]. Cumulatively, the top U.S. spot Bitcoin ETFs registered approximately -$468.8 million in net outflows during this period, primarily driven by heavy redemptions in the latter half of the week [^].
Accelerating outflows signal a bearish shift in short-term market sentiment. This reversal indicates that institutional demand has not only evaporated but transformed into significant selling pressure for Bitcoin's price [^]. The -$468.8 million in net outflows implies that nearly half a billion dollars' worth of Bitcoin was returned to Authorized Participants (APs), who are now likely sellers, consequently introducing new supply into the market [^]. This supply-demand imbalance fundamentally presents a bearish outlook, challenging the prior belief that sustained ETF inflows would establish a supportive price floor [^]. Furthermore, the observed pattern contradicts typical 'buy the dip' behavior, as investors chose to redeem shares in response to market volatility or price weakness rather than increasing their positions [^]. The reporting lag of one to three days suggests the full impact of the February 12 outflows may not be realized until February 13 or later, which is highly relevant for immediate price predictions [^].
7. How Do Institutions Interpret U.S. Strategic Bitcoin Reserve Policies?
| U.S. Strategic Bitcoin Reserve (SBR) Holdings | 200,000 to 328,000 BTC, valued at $13–15 billion [^] |
|---|---|
| GENIUS Act Projected T-bill Demand | Over $2 trillion, potentially compressing short-end yields by 10–20 basis points [^] |
| Project Vault Capitalization | $10 billion EXIM bank loan and $2 billion private capital [^] |
Major institutional trading desks interpret the Strategic Bitcoin Reserve as de-risking. These desks primarily view the U.S. Treasury's Strategic Bitcoin Reserve (SBR) and related policies as a long-term de-risking event for the digital asset class. Wintermute, a major cryptocurrency market maker, specifically interprets the SBR as establishing a 'sovereign floor' for Bitcoin, which significantly reduces tail risk and legitimizes the asset for broader corporate and sovereign adoption. This perspective contrasts with any notion of immediate irrelevance, framing the policies as a structural solution during a challenging 'de-risking' phase in the overall market.
Related policies like GENIUS Act reinforce Bitcoin's long-term de-risking. This narrative is further strengthened by parallel initiatives such as the GENIUS Act, which mandates 1:1 reserves for USD-pegged stablecoins in U.S. Dollars or short-duration Treasury bills. This act is projected to generate over $2 trillion in new demand for T-bills, fundamentally de-risking the stablecoin ecosystem and improving the quality of crypto-native liquidity [^]. Additionally, the launch of Project Vault and the proposed SECURE Minerals Act indicate a unified national strategy for securing critical assets, treating Bitcoin with similar strategic importance to critical minerals [^].
Despite headwinds, these policies signal Bitcoin's profound structural maturation. While the initial market reaction saw a short-term negative price impact, the overall policy framework aligns with the U.S. Treasury's FY2026–2030 Strategic Plan, linking financial stability and technological innovation to national security [^]. This comprehensive approach, despite being implemented during a period of macroeconomic headwinds and deleveraging, is seen by sophisticated participants as a profound structural shift, muting immediate bullish implications but setting the stage for Bitcoin's maturation into a globally significant macro asset.
8. Is BTC/USD Bid-Side Liquidity Deteriorating Before Resolution?
| Combined 2% Market Depth | $78.7 million [^] |
|---|---|
| Combined Bid-Side Depth | $36.9 million [^] |
| Coinbase Bid-Side Depth | $14,334,583 [^] |
As of February 13, 2026, 10:00 AM EST, the combined 2% market depth for BTC/USD across Coinbase and Kraken stands at approximately $78.7 million, with bid-side liquidity at $36.9 million and ask-side liquidity at $41.8 million [^] . Coinbase specifically exhibits a notable asymmetry, presenting a bid-side depth of $14,334,583, significantly lower than its ask-side [^]. Analysis indicates a highly probable greater than 30% deterioration in bid-side liquidity compared to the recent 7-day averages on both exchanges, signaling a strategic withdrawal of buy-side support [^].
This observed thinning of bid-side liquidity, particularly with the 12:00 PM EST prediction market resolution approaching, significantly elevates the risk of a price cascade [^] . Reduced buy-side support implies that less capital is now required to induce substantial price slippage, which could trigger stop-loss orders and derivative liquidations, potentially intensifying a downward spiral [^]. Market makers may be withdrawing bids either to manage their risk exposure or to facilitate a price movement advantageous to specific interests, making the market highly susceptible to manipulation or significant volatility events prior to the resolution [^].
9. What Could Change the Odds
Settled Market Outcome
The prediction market regarding Bitcoin's price on February 13, 2026, at 12 PM EST has already settled, as the current date is past the designated settlement time [^] . Consequently, there are no future catalysts or events that could influence or alter the outcome of this particular prediction [^]. On February 13, 2026, Bitcoin's price exhibited a range, generally fluctuating between approximately $66,000 and $68,882 [^]. Specific reports indicated Bitcoin trading around $67,565, showing a 1.32% decline over the prior 24 hours [^]. Other figures included $66,467, down 1.77% in 24 hours, and $66,184.58 [^]. The price was also noted at $66,330, and at $68,882 at "press time" on that day, with Binance reporting a price of $68,516.48 [^].
Key Dates & Catalysts
- Strike Date: February 13, 2026
- Expiration: February 20, 2026
- Closes: February 13, 2026
10. Decision-Flipping Events
- Trigger: The prediction market regarding Bitcoin's price on February 13, 2026, at 12 PM EST has already settled, as the current date is past the designated settlement time [^] .
- Trigger: Consequently, there are no future catalysts or events that could influence or alter the outcome of this particular prediction [^] .
- Trigger: On February 13, 2026, Bitcoin's price exhibited a range, generally fluctuating between approximately $66,000 and $68,882 [^] .
- Trigger: Specific reports indicated Bitcoin trading around $67,565, showing a 1.32% decline over the prior 24 hours [^] .
12. Historical Resolutions
Historical Resolutions: 50 markets in this series
Outcomes: 20 resolved YES, 30 resolved NO
Recent resolutions:
- KXBTCD-26FEB1314-T76499.99: NO (Feb 13, 2026)
- KXBTCD-26FEB1314-T76249.99: NO (Feb 13, 2026)
- KXBTCD-26FEB1314-T75999.99: NO (Feb 13, 2026)
- KXBTCD-26FEB1314-T75749.99: NO (Feb 13, 2026)
- KXBTCD-26FEB1314-T75499.99: NO (Feb 13, 2026)
Get Real-Time Research Updates
Sign up for early access to live reports, historical data, and AI-powered market insights delivered to your inbox.
