$BTC Why is BTC Bleeding? Quick Market Update (Feb 4, 2026)
Bitcoin is struggling to hold the $76,400 level, down nearly 14% this week. Here’s the breakdown of why the market is under pressure:
1. The Macro "Risk-Off" Shift
Renewed uncertainty regarding US interest rate cuts and the Federal Reserve's future policy has pushed the Dollar higher. When the Dollar gains strength, Bitcoin often takes a hit as investors move toward "safer" assets.
2. Massive Liquidation Flush
Over $1.8 Billion in long positions were liquidated in the last 24 hours. Traders who bet on a bounce at $80k were caught off-guard, creating a "domino effect" of forced selling that accelerated the price drop.
3. ETF Outflows & Low Volume
Recent data shows a slowdown in Institutional interest, with significant Spot BTC ETF outflows. Without fresh "Big Money" buying the dip, the price is drifting toward lower support levels.
🔍 Technical Levels to Watch:
Immediate Support: $72,900 (The recent 24h low).
Key Resistance: $80,000 (We need a daily close above this to flip bullish).
Current Sentiment: Fear is creeping back. Your chart shows high buy orders, but these could be "fake walls" designed to trap retail traders.
Strategy: Don't FOMO. Wait for a solid bounce or a consolidation phase before entering new longs.
