Feb 6, 2026
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BEARISH 📉 : Bitcoin price plunges to $65K amid massive selling pressure
The Bitcoin market experienced significant turbulence, with prices dropping to $65,000, erasing substantial recent gains and pushing many investors into losses. Several factors contributed to this sharp decline:
- Forced sales reached one of the highest levels in two years, primarily affecting traders using leverage.
- Liquidations moved coins from new buyers to quick sellers.
- Realized losses surged to nearly $890 million daily, marking the highest since late 2022.
- The sell-off occurred over approximately 10 hours, driven by panic and algorithmic trading.
Impact on Cost Lines and Investor Sentiment
- Bitcoin's price fell below key on-chain cost markers, pressuring short-term buyers holding coins at a loss.
- This scenario often leads to emotional selling, increasing volatility as traders seek new support levels.
- Market drop below average buyer costs typically results in heightened market volatility.
Additional Context and Market Dynamics
- The price fall follows a period of strong gains, last seen in November 2024.
- News headlines and large trades added stress to the market, prompting some long-term holders to adjust their positions.
- The recent downturn forced many holders to realize losses through actual transactions, potentially clearing leverage from the market.
This market shake-up leaves fewer buyers at current levels, which could lead to inconsistent recovery patterns.