Bitcoin Bloodbath to $60K: Bottom In or More Pain?

Bitcoin plunged 12% on Thursday to a 16-month low near $60,000, before rebounding toward $65,000 as global risk assets sold off. Liquidation data underscore the stress: $1.7B in crypto long positions were wiped out in 24 hours, with roughly 400,000 traders forced out, according to Coinglass. The move suggests a classic deleveraging wave rather than a single-asset shock, tightening liquidity across the complex. Is this capitulation signaling a tradable bottom? Does macro-driven risk aversion mean Bitcoin’s downtrend still has room to run?

ouchythis is crazyness
avatarnerdbull1669
02-08 18:11

Is Bitcoin Bull Run Over or A New Cycle Starting?

Bitcoin had gone as low as $60K, but we saw it rebound to around $69K to $70K over the weekend, and now it is hovering around $70,000 at time of writing. What does it signal? If the Bitcoin bull run over? or are we going to see a super cycle restart? What are the signs and signals investors should look out for? We have seen how the market react to Strategy earnings release, and it have kind of affected some crypto-related stocks, $Coinbase Global, Inc.(COIN)$'s next earnings date is confirmed for Thursday 12 Feb 2026 after market next week, so will we see how investors on Coinbase have been acquiring Bitcoin and if the trend is poised to continue. In this article, we would like to look at a disciplined way to interpret the $60K → ~$70K rebound and
Is Bitcoin Bull Run Over or A New Cycle Starting?
avatarFreedom4me
02-08 12:49
Bitcoin to the moon 
avatar1419 cyc
02-08 10:37
[Miser]  [Miser]  [Miser]  [Miser]  [Miser]  $Apple(AAPL)$  
avatarDarrel Wee
02-08 09:31
Buy the DIP!!! Bottom or a trap, nobody know.
avatarJohnostheG
02-08 07:50
Btc is bottomomg out will not go too much lower from here. I'm buying :)
avatarJacky82
02-07 20:58
[得意] go up to the moon...[微笑]  
The recent Bitcoin price drop to a 16-month low near 60,000,followed by a rebound towards 65,000, has sparked intense debate among investors and analysts. The significant liquidation of long positions, with $1.7 billion in crypto long positions wiped out in 24 hours and approximately 400,000 traders forced out, according to Coinglass, suggests a broader market deleveraging rather than a Bitcoin-specific issue. The question on everyone's mind is whether this capitulation marks a tradable bottom or if the macro-driven risk aversion will continue to push Bitcoin's downtrend further. Several factors support the argument for a potential bottom: Capitulation: The extreme selling pressure and significant liquidation of long positions may indicate that the market has reached a point of maximu
This episode has many capitulation characteristics, but it is not yet a high-confidence macro bottom. What argues for a tradable bounce. The scale and speed of liquidations, $1.7B wiped out in a day with hundreds of thousands of forced exits, is typical of late-stage deleveraging. When leverage is flushed this aggressively, short-term selling pressure often exhausts itself. The rebound toward the mid-$60k range fits a mechanical reset narrative rather than renewed speculation. From a tactical perspective, this increases the odds of a counter-trend rally over days to a few weeks. What argues against a durable bottom. This was not an idiosyncratic crypto shock. It coincided with broad risk aversion across equities, rates, and commodities. In macro-driven drawdowns, Bitcoin rarely bottoms bef
Bitcoin has been on a wild rollercoaster lately, crashing hard from over $127,000 last October down to around $60,000-$61,000 just this week. A significant drop of about 50% that wiped out trillions in crypto value. It peaked above $127,000 in late 2025, slipped to $90,000 by year-end, broke under $80,000 in January, then tanked below $70,000 and even $61,000 by early February. That left it down over 28% this year so far, with some weeks losing 17%. Though it bounced back above $70,000 briefly yesterday, the swings keep coming. A bunch of things piled up to send Bitcoin into this free fall, turning it from a hot investment to something everyone's dumping. Big funds pulling money out of Bitcoin ETFs of about $3 billion last month alone after even more late last year. It simply sho
avatarSrikas
02-07
🚨 Bitcoin Bloodbath – Bottom or More Pain Ahead? Bitcoin dropped 12%, touching a 16-month low near $60K before bouncing back toward $65K. Massive liquidations ($1.7B in long positions) show how heated the market was. 👀 Stocks to watch with BTC volatility: • IBIT – Spot Bitcoin ETF exposure • COIN – Crypto exchange sentiment play • MSTR – Leveraged Bitcoin proxy via holdings Markets often shake out weak hands before deciding the next trend. Are we seeing a potential support zone… or just a relief bounce? 💬 What’s your view — accumulating, waiting, or staying out? #Bitcoin #Crypto #MarketVolatility #Trading #TigerTrade
Big players putting laundry out to dry? 😅⭐🐯
How about Microsoft? 
avatarNamtan
02-06
I will germerate all crypto walk into positive beautifully business stragegies wait and see furure of global market in 10 yeasr 
Just for a while . It's definitely go up very soon.
avatarAT2020
02-06
Be patient, will be up. 
🚨🚨🚨Markets are currently experiencing a sharp risk-off correction driven by a sell-off in big tech and uncertainty over AI returns. Market Summary  * Stocks: Major U.S. and Asian indices are down. Tech stocks (Alphabet, Amazon, Qualcomm) are leading the decline due to heavy AI spending and weak labor data.  * Crypto: Bitcoin has plunged to ~$64,000, nearly half its October peak. Over $1 billion in positions were liquidated in 24 hours amid institutional outflows.  * Commodities: Silver and gold have seen significant drops as investors exit speculative positions to cover broader portfolio losses. The Bottom Line: Markets are in "capitulation mode" as liquidity thins and recession fears grow. $iShares Bitcoin Trust(IBIT)$ 
This move looks more like a leverage cleanse than true capitulation, which matters for how durable any rebound may be. What the liquidation tells us A US$1.7B long wipe-out in 24 hours signals forced deleveraging, not discretionary selling. When price rebounds immediately after such events, it often reflects relief from margin pressure rather than renewed conviction. Spot volumes have improved, but not at levels typically associated with long-term bottoms. Is this a tradable bottom For short-term traders, yes, this can be tradable. Post-liquidation bounces are common once funding resets and open interest collapses. However, tradable does not mean structural. Without sustained spot inflows, rallies risk fading. Macro still matters The broader backdrop is risk-off. Tight financial conditions
We still like AI. We just don't like everyone who claims they do AI using DRAM/SRAM.
avatarReynor
02-06

VIX Rising, S&P Flat — Is a Crash Brewing?

Good evening, everyone.$Gold - main 2604(GCmain)$ $E-Micro Gold - main 2604(MGCmain)$ $1-Ounce Gold - main 2604(1OZmain)$ I’ve compiled the key points from the February 5 session into a ready-to-read transcript, so those who missed the live broadcast can easily catch up and review. $Silver - main 2603(SImain)$ $E-mini Silver - main 2603(QImain)$ $Silver - Mar 2026(SI2603)$ $Gold - main 2604(GCmain)$ $E-Micro Gold - main 2
VIX Rising, S&P Flat — Is a Crash Brewing?