The price of Bitcoin on February 5, 2026, showed a sharp decline, temporarily falling to $70,145, with prices on some cryptocurrency exchanges, such as Bitstamp, dropping to $69,101. The daily volume of liquidations for cryptocurrency futures contracts exceeded $853 million, marking one of the highest figures in recent times.
This is reported by Business • Media
Mass Liquidations and Market Decline
The significant drop in Bitcoin’s price was accompanied by substantial losses in the altcoin market. The value of leading crypto assets fell by 7–10%, indicating a widespread market correction. According to CoinGlass, the daily liquidation volume amounted to over $853 million, with 175,713 traders facing forced position closures. The majority of the losses were incurred by Bitcoin and Ethereum, with over $600 million in liquidations.
At the time of preparing this material, the price of Bitcoin had partially recovered, reaching $71,152. However, on the daily chart, there was a decline of 2.6%, and over the week, the figure decreased by 20.2%.
Causes of the Decline and Market Sentiment
Among the main reasons for the market crash, analysts cite the correlation with the stock market, where there was a significant sell-off of technology stocks. The South Korean Kospi index lost nearly 4%, the Japanese Nikkei 225 dropped by 0.9%, Samsung Electronics shares fell by 5.9%, and SK Hynix by 6.7%. The American S&P 500 declined by 0.5%.
Additional pressure on the crypto market comes from information about the possible appointment of Kevin Warsh as the new head of the Federal Reserve, known for his strict monetary policy.
Pessimistic sentiment among traders is confirmed by the fear and greed index, which has currently dropped to 12 points — the lowest level since December 2025.
“Pessimism prevails in the community. Users believe that if the price falls below $70,000, losing this support level, the market will likely enter a bearish phase.”
Some analysts note that the bottom has not yet been reached and Bitcoin could fall to $60,000 if negative trends in the financial markets persist.
