Bitcoin Drops Below $60K Worst Week Since July 2024
#BitcoinSlipsAfterStrongUSJobsReport
#BitcoinSlipsAfterStrongUSJobsReport
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BullRun_Signals
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BTC CRASHES BELOW $63K — HERE'S THE FULL BREAKDOWN
(Why the King just lost its crown — and who's to blame)
Bitcoin is bleeding. After printing an all-time high of $126,198 in October 2025, BTC has now shed roughly 50% of its value, crashing below the critical $63,000 support zone. This isn't bad luck. This is a perfect storm — and every serious holder needs to understand what's happening.
⚡ 1. TRUMP'S TARIFF BOMBSHELL
On February 23, 2026, President Trump announced a 15% global tariff rate increase, expanding on the tariff escalation that began in October 2025. Markets immediately interpreted this as inflationary and harmful to global growth. The result? A classic risk-off panic — investors pulled money out of volatile assets like crypto and ran toward gold.
📌 Source: Zipmex / CoinDesk
💣 2. A CASCADE OF LIQUIDATIONS
Bitcoin crumbled under heavy selling pressure, breaking through support levels to hit a low of $62,700. BTC has fallen over 19% in February alone — its worst monthly performance since June 2022. Over $240M+ in forced liquidations of leveraged long positions were wiped out in a single wave, amplifying the crash far beyond what organic selling would have caused.
📌 Source: 99Bitcoins / Finance Magnates
🌍 3. US–IRAN GEOPOLITICAL TENSIONS
Escalating US-Iran military tensions added fuel to the fire, pressuring risk assets like stocks and crypto as the geopolitical uncertainty pushed investors toward traditional safe havens. When global stability is in question, Bitcoin suffers.
📌 Source: Finance Magnates
🏦 4. ETF OUTFLOWS HIT HARD
ETF outflows accelerated dramatically — roughly $7 billion in November, $2 billion in December, and over $3 billion in January, according to Deutsche Bank research. The institutional money that pumped BTC to $126K started walking out the door, and retail followed in panic.
📌 Source: Backpack Exchange / Deutsche Bank
😨 5. EMOTIONAL SELLING & FEAR DOMINANCE
Analysts suggest the recent BTC crash has been primarily driven by emotional selling and market sentiment. Experts attribute the crash to fear and uncertainty, noting no fundamental changes in Bitcoin's ecosystem. Fear is the real bear market, not data.
📌 Source: MEXC / Kobeissi Letter
📉 6. WORST SINGLE DAY IN YEARS
On February 6, the worst single day, Bitcoin plunged 15% to a low near $60,000 — its lowest price since October 2024. The floor gave way with BTC breaking $80,000 for the first time since April 2025.
VanEck's research desk noted that Bitcoin is currently trading -2.88 standard deviations below its 200-day moving average — a level never observed in the past ten years of data, including during COVID and the FTX collapse.
📌 Source: Backpack Exchange / VanEck
🔮 WHAT'S NEXT?
The critical breakdown target sits at $53,000, and potentially as low as $49,000 — the H2 2024 structural lows. A weekly close below the $60,000–$62,000 band would confirm a full breakdown from the current consolidation.
BUT — Bitcoin still trades far above levels seen before the 2024 halving cycle. Historical data shows BTC often experiences multiple drawdowns of 20–50% before completing a full market cycle.
💬 THE BOTTOM LINE
This drop isn't random. Tariffs. Liquidations. Geopolitics. ETF exits. Fear. Every bear market in history eventually ended. The question is: are you accumulating or panicking?
Stay informed. Manage risk. DYOR.
$BTC
$LAB
$OPN
Bitcoin is bleeding. After printing an all-time high of $126,198 in October 2025, BTC has now shed roughly 50% of its value, crashing below the critical $63,000 support zone. This isn't bad luck. This is a perfect storm — and every serious holder needs to understand what's happening.
⚡ 1. TRUMP'S TARIFF BOMBSHELL
On February 23, 2026, President Trump announced a 15% global tariff rate increase, expanding on the tariff escalation that began in October 2025. Markets immediately interpreted this as inflationary and harmful to global growth. The result? A classic risk-off panic — investors pulled money out of volatile assets like crypto and ran toward gold.
📌 Source: Zipmex / CoinDesk
💣 2. A CASCADE OF LIQUIDATIONS
Bitcoin crumbled under heavy selling pressure, breaking through support levels to hit a low of $62,700. BTC has fallen over 19% in February alone — its worst monthly performance since June 2022. Over $240M+ in forced liquidations of leveraged long positions were wiped out in a single wave, amplifying the crash far beyond what organic selling would have caused.
📌 Source: 99Bitcoins / Finance Magnates
🌍 3. US–IRAN GEOPOLITICAL TENSIONS
Escalating US-Iran military tensions added fuel to the fire, pressuring risk assets like stocks and crypto as the geopolitical uncertainty pushed investors toward traditional safe havens. When global stability is in question, Bitcoin suffers.
📌 Source: Finance Magnates
🏦 4. ETF OUTFLOWS HIT HARD
ETF outflows accelerated dramatically — roughly $7 billion in November, $2 billion in December, and over $3 billion in January, according to Deutsche Bank research. The institutional money that pumped BTC to $126K started walking out the door, and retail followed in panic.
📌 Source: Backpack Exchange / Deutsche Bank
😨 5. EMOTIONAL SELLING & FEAR DOMINANCE
Analysts suggest the recent BTC crash has been primarily driven by emotional selling and market sentiment. Experts attribute the crash to fear and uncertainty, noting no fundamental changes in Bitcoin's ecosystem. Fear is the real bear market, not data.
📌 Source: MEXC / Kobeissi Letter
📉 6. WORST SINGLE DAY IN YEARS
On February 6, the worst single day, Bitcoin plunged 15% to a low near $60,000 — its lowest price since October 2024. The floor gave way with BTC breaking $80,000 for the first time since April 2025.
VanEck's research desk noted that Bitcoin is currently trading -2.88 standard deviations below its 200-day moving average — a level never observed in the past ten years of data, including during COVID and the FTX collapse.
📌 Source: Backpack Exchange / VanEck
🔮 WHAT'S NEXT?
The critical breakdown target sits at $53,000, and potentially as low as $49,000 — the H2 2024 structural lows. A weekly close below the $60,000–$62,000 band would confirm a full breakdown from the current consolidation.
BUT — Bitcoin still trades far above levels seen before the 2024 halving cycle. Historical data shows BTC often experiences multiple drawdowns of 20–50% before completing a full market cycle.
💬 THE BOTTOM LINE
This drop isn't random. Tariffs. Liquidations. Geopolitics. ETF exits. Fear. Every bear market in history eventually ended. The question is: are you accumulating or panicking?
Stay informed. Manage risk. DYOR.
$BTC
$LAB
$OPN