After some work this morning, I was planning to enjoy the rest of the weekend with my family. Then all the coins absolutely nuked. So here we are with an emergency update.
Bitcoin just dropped into the 75k area and is down roughly 7 percent on the day. Two weeks ago, price was near 98k. Just three days ago, Bitcoin was still trading around 90k. This is a fast and aggressive downturn.
This is also exactly why we have been hammering risk management and patience for months. You always prepare for both scenarios. Today is the scenario nobody likes, but everyone should be ready for.
Bitcoin breaks key support levels
Bitcoin has now fallen below the 80k level for the first time since April 2025.
Price briefly traded around 75k to 78k, setting a new local low for the year. Market structure has clearly broken. Higher lows are gone, momentum flipped, and sellers are clearly in control.
This was not a slow bleed. This was a liquidation-driven move.
Liquidations hit the market hard
The crypto market saw massive forced selling over the past 24 hours.
Billions in positions were wiped out, with long traders taking the majority of the damage. Once key support levels failed, stop losses and margin calls cascaded rapidly.
This is what happens when leverage builds up and price moves the wrong way.
Why this crash is happening
This move did not come out of nowhere.
First, liquidity has been flowing into precious metals. Gold, silver, and copper have been in strong uptrends. Liquidity does not disappear. It rotates.
Second, Bitcoin ETFs have seen sustained outflows. Large funds have been reducing exposure instead of adding, creating constant sell pressure.
Third, miners have increased transfers to exchanges. That adds spot supply at a time when demand is already weak.
Finally, macro uncertainty is rising again. Inflation remains sticky, rate cuts are being pushed out, and geopolitical risks are back in focus. Risk assets suffer first in these conditions.
Is the bear market here?
At this point, it is hard to deny the shift.
Price structure is broken, sentiment flipped fast, and fear is back. The fear and greed index has moved into extreme fear territory once again.
That does not mean price only moves down in a straight line. Relief bounces will happen. But the market regime has clearly changed.
MicroStrategy and the 76k level
Many eyes are on the 76k area due to MicroStrategy’s average Bitcoin buy price.
There is no immediate liquidation risk here. Their funding is locked long-term, and the only real pressure comes from 2030 convertible notes.
Other corporate holders may not be as well-positioned. If weakness continues, it will be interesting to see who holds, who is forced to sell, and which companies start to feel real balance sheet stress.
Support Our Work
If you found this helpful, consider signing up on BloFin (Non-KYC) or Bybit using our referral links. Your support keeps this content free and flowing.
Altcoin market update
Altcoins took heavier losses, as expected.
Solana briefly touched the 100 level and is down around 13 percent on the day.
Ethereum fell below 2400, with reports of major unrealized losses among large holders.
HYPE dropped back below 30, down roughly 4 percent. Compared to the rest of the market, it is holding up relatively well.
WLFI is down around 15 percent and trading near 0.13.
ZEC dropped about 15 percent to the 290 area, raising questions about whether the privacy narrative is cooling off or simply following the broader market lower.
What traders should focus on now
This is not the moment to panic trade.
If you followed proper risk management, damage is limited. If you did not, this is a painful but valuable lesson.
Volatility will stay high, liquidity will remain thin, and headlines will become more dramatic. Focus on levels, invalidations, and capital preservation above all else.
Final words
This market just printed something we have never seen before. For the first time in Bitcoin’s history, we now have five red monthly candles in a row.
That alone tells you how brutal this phase has been.
The big question is whether February can finally bring some relief, or if this market still needs more time to reset.
Today hurts. There is no sugarcoating that.
But this is exactly why preparation matters. Risk management is not optional. Patience is not weakness.
Bear markets do not destroy disciplined traders. They wipe out the reckless and create opportunities for the prepared.
Stay calm. Stay liquid. And do not let emotions make decisions for you.
If you enjoyed this blog, check out our latest list on crypto casinos, including farming strategies.
As always, don’t forget to claim your bonus below on Bybit. See you next time!
