• gintnilgintnil
        ·02-05
        Daily Crypto Market Summary 5 Feb 2026 Bitcoin (BTC) Bitcoin Plunges to 15-Month Low as ETF Outflows Top $2.9 Billion Bitcoin has suffered a severe correction, dropping to a 15-month low below $72,000 ($71,986) with a daily decline of nearly 6%. The sell-off has wiped out approximately **$500 billion** in market cap since mid-January, driven by a relentless exodus of institutional capital. U.S. spot Bitcoin ETFs have seen $2.9 billion in outflows over the past 12 days, signaling a significant "risk-off" rotation by asset managers. The market structure appears bearish, with $800 million in liquidations (mostly longs) exacerbating the downside. Despite the carnage, fundamental developments suggest long-term resilience. Cipher Mining's AI subsidiary attracted a staggering $13 billion in deman
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      • gintnilgintnil
        ·02-05
        Daily Crypto Market Summary 5 Feb 2026 Bitcoin (BTC) Bitcoin Plunges to 15-Month Low as ETF Outflows Top $2.9 Billion Bitcoin has suffered a severe correction, dropping to a 15-month low below $72,000 ($71,986) with a daily decline of nearly 6%. The sell-off has wiped out approximately **$500 billion** in market cap since mid-January, driven by a relentless exodus of institutional capital. U.S. spot Bitcoin ETFs have seen $2.9 billion in outflows over the past 12 days, signaling a significant "risk-off" rotation by asset managers. The market structure appears bearish, with $800 million in liquidations (mostly longs) exacerbating the downside. Despite the carnage, fundamental developments suggest long-term resilience. Cipher Mining's AI subsidiary attracted a staggering $13 billion in deman
        19Comment
        Report