Social media mentions of crypto “crash” spiked when Bitcoin fell to $60,000 on February 5, causing an immediate price rebound according to Santiment data.

The sentiment analytics platform found that when traders declare a crash has happened rather than simply observing a dip, prices typically bottom and reverse course.

Bitcoin (BTC) recovered 13% from the $60,000 low to reach $67,000 today. However, mainstream media continued amplifying crash narratives after the rebound had already occurred.

Santiment noted this lag allows key stakeholders to buy from panicked retail investors who sell at losses based on delayed coverage.

BitMEX co-founder Arthur Hayes attributed the selloff to dealer hedging tied to iShares Bitcoin Trust structured products rather than organic selling pressure.

Crypto crash mentions function as reliable bottom indicators

Santiment data showed multiple high-frequency spikes in “dip” mentions across social media during January, with January 26 producing a cluster of observations about falling crypto prices.

These mentions serve as bottom indicators but do not generate the severe panic associated with crash declarations.

“Dip” references typically happen when prices decline enough to warrant comment without causing mass liquidations.

“Crash” mentions emerge when panic selling begins, with traders capitulating and selling bags at losses.

The February 5 drop to $60,000 crossed the threshold where traders shifted from observing a dip to declaring a crash.

Hayes links dump to IBIT structured product hedging

Arthur Hayes posted on X that the Bitcoin selloff likely resulted from dealer hedging related to iShares Bitcoin Trust structured products rather than fundamental selling.

Banks issuing structured notes tied to IBIT create hedging requirements that can cause quick price movements as dealers adjust positions.

Hayes stated he is compiling a complete list of bank-issued notes to map trigger points that could cause sharp price rises or falls. “As the game changes, u must as well,” Hayes wrote.

TLDR:

• Trend Research sold 612,452 ETH valued at $1.26 billion over six days to avoid total liquidation. 
• The firm’s leveraged position peaked at $958 million in borrowed stablecoins backed by 601K ETH. 
• Only 39,301 ETH worth $80.93 million remains after aggressive deleveraging near $1,800 threshold. 
• Market observers suggest yesterday’s flush to $1,800 specifically targeted the firm’s known position.
  

Trend Research has offloaded 612,452 ETH worth $1.26 billion over six days as its leveraged position collapses. The firm built a risky $958 million stablecoin debt through Aave’s lending protocol at the position’s peak.

Only 39,301 ETH valued at $80.93 million now remains from holdings that once reached 601,000 ETH. The aggressive deleveraging highlights dangers of excessive leverage during volatile market conditions.

Massive Liquidation Risk Forces Emergency Sales

Jack Yi’s Trend Research constructed one of crypto’s largest leveraged positions before market conditions turned unfavorable.

The structure borrowed stablecoins against Ethereum collateral in a loop that amplified exposure. As prices declined, the collateral value dropped while debt obligations remained fixed. This classic leverage trap forced increasingly desperate defensive maneuvers.

MartyParty, a market observer, called out the risky nature of this position on X. He suggested yesterday’s market drop to $1,800 specifically targeted Trend Research’s liquidation threshold.

According to his analysis, this flush aimed to trigger forced covering and position reduction. The observation underscores how large leveraged positions become known targets during market stress.

The firm sent 423,864 ETH worth $830.63 million to exchanges in just 24 hours. This selling pressure contributed to Ethereum’s brutal 40% decline over ten days.

Early February marked when Trend Research began scrambling to reduce exposure. The company sold 33,589 ETH for roughly $79 million and deployed $77.5 million in USDT for debt repayment.

These emergency actions lowered the liquidation threshold from $1,880 to $1,830. However, continued price weakness forced additional sales.

On February 4, another 10,000 ETH went to Binance for liquidation. The cascade of forced selling exemplifies how leverage amplifies losses during downturns.

Collapse Coincides with Deteriorating Market Sentiment

The Trend Research debacle unfolds as broader crypto sentiment reaches multi-year lows. Tom Lee, quoted by CryptosRus, compared current conditions to the post-FTX crash of November 2022.

The “is crypto even viable?” narrative has returned amid the carnage. Ethereum’s 40% drop in ten days shattered confidence across markets.

Lee noted that Ethereum has survived seven drawdowns exceeding 60% over eight years. Each instance produced V-shaped recoveries according to historical data.

Yet the Trend Research collapse adds another layer of concern for market participants. Large leveraged positions unwinding create additional downward pressure that extends declines.

The risky bet by Trend Research now serves as a cautionary tale. Building nearly $1 billion in stablecoin debt against volatile collateral proved catastrophic.

The position quintupled downside risk through leverage mechanics. When Ethereum fell, the spiral became self-reinforcing and unavoidable.

Market observers debate whether this forced selling represents a capitulation event. The combination of extreme negative sentiment and leverage flushing sometimes marks bottoms.

However, $80 million in remaining collateral suggests more selling could occur. Additional declines might trigger final liquidation of Trend Research’s position.

The collapse demonstrates why excessive leverage remains dangerous regardless of conviction in an asset’s long-term prospects.

We are moving toward an economic system in which software and devices transact with one another without human involvement.

Instead of simply executing transactions, machines will be able to make decisions, coordinate with each other and purchase whatever they need in real time. Sensors and satellites will sell data streams by the second. Factories will price power purchases in real-time based on supply and demand. Supply chains could even become completely autonomous — reordering materials, booking transport, paying customs fees and rerouting shipments without any human involvement.

But such an economy cannot be built on large infrequent payments. It needs to run on billions of tiny, continuous transactions, executed autonomously at machine speed. Just as electricity pricing enabled mass production, micro-transactions and machine-to-machine (M2M) payments will make full automation economically viable.

And if continuous M2M payments are the new electricity, then blockchains — the rails upon which these microtransactions will occur — must be seen as the new power grid. They’re a critical piece of infrastructure that unlocks new business models, new technologies and ultimately, this new machine economy.

How will these innovations develop? The electrical revolution has plenty of lessons to teach.

A new revolution

Before electrification, power was local, manual, inconsistent and expensive. Factories relied on steam engines or water wheels, which constrained where production could happen and how it could scale. Power was something you built into each operation.

Electricity changed that. Once power became standardized and always available, it stopped being a feature and became the substrate of modern industry.

Payments today still resemble the pre-electric era of power. They are episodic, usually processed in batches, and heavily mediated by humans and institutions. Even digital payments involve discrete events such as invoices, settlements, reconciliations or billing cycles.

But M2M payments (autonomous financial transactions between connected devices), when combined with micro-transactions (worth a few cents), turn value exchange into something ambient and infrastructure-like. Instead of stopping to pay, machines can simply operate continuously, exchanging value as they consume resources or provide services.

Tech leaders have discussed microtransactions since the early days of the Internet, but it was impossible to realize that vision with the current banking system. Now, blockchain technology enables sending value across the world instantly and at almost no cost. The crypto sector’s infrastructure is fundamental for the birth of continuous M2M payments.

And just as electricity enabled the creation of computers and the Internet, M2M payments and micro-transactions will allow a completely new economy to flourish.

How electricity changed the world

The continuous power provided by electricity enabled automation. Mass production did not happen because factories hired more workers, but because machines could run constantly and relatively independently.

Today’s machines are technically autonomous but economically constrained. An AI agent can make decisions, route traffic, or optimize logistics, but it cannot pay for compute on the fly. Economic friction forces human intervention in systems that are otherwise independent. But M2M payments, combined with micro-transactions, will provide continuous economic power in the same way electricity provides continuous mechanical power.

Also, electricity unlocked industries that simply could not exist before it. M2M payments will have the same property, providing economic infrastructure for industries that cannot function without fine-grained, real-time payments.

What does that look like? We could have autonomous supply chains, in which machines coordinate purchases and logistics continuously. Or we could see the emergence of AI services with pricing models that reflect milliseconds of inference time. Global data markets could depend on pay-per-byte access. Infrastructure itself — from roads to charging stations — could continuously and automatically price access.

It’s worth noting that shifting to usage-based pricing also transformed electricity’s business models. Paying per kilowatt-hour allowed firms to scale without renegotiating contracts or investing in fixed capacity. You paid for what you used when you used it. M2M payments will provide the same flexibility to 21st-century businesses.

Lessons from the electrical revolution

At the beginning of electrification, the focus was mostly on developing generators. However, that wasn’t the most important technological innovation. What mattered was transmission. Only once electricity could be delivered everywhere, cheaply and predictably, did it reshape industry and society.

The same lesson applies to M2M payments. The blockchain rails on which the payments will occur matter way more than the specific M2M payment application (like Coinbase’s x402 protocol) being used. The priority should therefore be to build the best blockchains possible — chains with near-zero fees, very low latency, and predictable performance. In other words, M2M payments hit the same frictions as ordinary stablecoin payments: they need the underlying infrastructure to be tip-top if they want to function properly.

Moreover, the blockchains used for machine payments need to be perceived as neutral infrastructure. They must be interoperable across vendors, jurisdictions and machines. After all, machines cannot negotiate bespoke payment systems any more than appliances can negotiate voltage standards. That means decentralization may play an important role in the growth of the machine economy. In that case, public blockchains could have the advantage over private alternatives.

If M2M payment rails achieve this neutrality, they become the coordination layer of autonomous systems, just as electricity is the coordination layer of physical power. At that point, innovation can safely shift to building entirely new machine-driven industries.

The machine economy will arrive when machines gain the ability to transact continuously, autonomously, and invisibly thanks to the power of blockchain. M2M payments are not just a feature of that future. They are its electricity.

Bitcoin has entered a highly sensitive phase after an aggressive downside continuation. The recent sell-off has pushed it into a historically reactive demand region of $60K, while broader risk sentiment remains fragile. The market is approaching a juncture where technical structure, higher-timeframe demand, and on-chain liquidity dynamics converge, making the coming sessions critical for short- to mid-term direction.

Bitcoin Price Analysis: The Daily Chart

On the daily timeframe, Bitcoin has decisively broken below its recent structure and continued to respect the descending channel, while the rejection from the middle boundary of $75K confirms that sellers remain firmly in control. The most important development is the impulsive breakdown toward the lower boundary of the channel, where the asset is now testing a major demand zone at the $60K price region that previously acted as a strong buyers’ base earlier in the cycle.

This demand area, located at the $60K region, is structurally significant as it represents the last major consolidation before the previous impulsive expansion. While prior price action on the chart confirms this zone’s historical relevance, the current interaction is far more aggressive, suggesting that any bullish reaction from this region would likely begin as a corrective bounce rather than an immediate trend reversal.

As long as Bitcoin remains below the descending channel resistance and the 100- and 200-day moving averages, the daily structure remains decisively bearish, with downside continuation still a valid risk if demand fails to absorb selling pressure.

BTC/USDT 4-Hour Chart

Zooming into the 4-hour timeframe, the bearish structure becomes even clearer. The most recent move shows a sharp sell-side expansion into the current demand zone at $60K psychological support, followed by a minor reactive bounce, which so far lacks strong follow-through.

From a short-term perspective, the key level to monitor is the nearest supply zone overhead at the $75K, formed after the last impulsive breakdown. Any corrective rebound is likely to face selling pressure as the price approaches this area, especially if volume and momentum remain weak.

As long as Bitcoin fails to reclaim and hold above this supply region, rebounds should be treated as pullbacks within a broader bearish trend rather than confirmation of a trend shift. A failure to hold the current demand zone would expose the price to a deeper downside extension toward the channel’s lower boundary of $55K.

Sentiment Analysis

The liquidation heatmap provides valuable context for the recent price behavior. The one-year BTC/USDT liquidation heatmap shows a dense liquidity pocket concentrated around and slightly below the $60K–$65K region, which aligns closely with the current price area. This clustering of liquidity suggests that this zone has been a magnet for price, driven by forced liquidations of over-leveraged long positions during the recent sell-off.

Notably, as price approaches this region, liquidation intensity declines relative to current levels, indicating that a substantial portion of downside leverage has already been unwound. This dynamic increases the probability of short-term stabilization or a reactive bounce, particularly if aggressive sellers begin to lose momentum.

However, the absence of significant liquidation clusters above current price levels implies that upside liquidity is limited in the short term, reinforcing the idea that any rebound is more likely to be corrective rather than trend-changing.

Overall, while the broader structure remains bearish, the convergence of strong historical demand and reduced downside liquidation pressure suggests that Bitcoin may attempt a relief move or consolidation phase from this zone.

TLDR:

• Dealer hedging from BlackRock IBIT structured notes amplified Bitcoin price swings at key triggers. 
• Structured products with knock-ins, auto-callables, and buffers force automatic BTC market flows. 
• Mapping issuance and barrier levels helps traders anticipate short-term Bitcoin price movements. 
• Bitcoin volatility driven by flows often occurs independently of broader market sentiment shifts.

BlackRock IBIT Bitcoin crash is drawing attention as Arthur Hayes connects dealer hedging and structured notes to BTC volatility. Traders face flows driven by automated mechanisms, not sentiment.

Bitcoin is trading at $69,324.50, up 0.86% over the past 24 hours, supported by strong trading volume of $94.1 billion. Despite the short-term rebound, BTC remains down 16.56% over the past seven days, reflecting elevated volatility. 

Recent price action shows how short-term gains can occur even as broader pressure persists, with market flows and positioning continuing to influence Bitcoin’s near-term direction.

Dealer Hedging Drives Bitcoin Volatility

Structured products tied to BlackRock’s IBIT create complex hedging dynamics. Dealers sell these notes to clients and hedge the embedded options using BTC spot or futures. 

As positions grow, their rebalancing can directly influence prices. These notes often include auto-callables, knock-ins, and downside buffers. 

As BTC approaches key barriers, dealers must act. They buy when prices rise and sell when prices fall. This creates mechanical pressure that can resemble sudden market moves.

Arthur Hayes explained that these flows are not directional bets. Instead, they are systematic hedging responses. 

For example, when a Morgan Stanley note struck near $105,000, its 75% knock-in at $78,700 forced the dealer to sell once BTC fell below that level.

In quiet markets, these actions are subtle. However, when positions are crowded, they can dominate price movements. 

As BTC crosses trigger points, flows accelerate automatically, affecting volatility clusters and market perception.

Such mechanisms also extend to correlated assets. Precious metals like silver and gold experienced heightened volatility during the Bitcoin sell-off. 

Silver fell more than 18%, and MSTR stock declined as bearish sentiment spread. Transitioning from calm to stressed conditions amplifies these effects further.

Mapping Trigger Points and Market Flows

Hayes is mapping bank-issued notes to identify key trigger zones. Each note contains invisible barriers that influence dealer hedges. 

Understanding these levels is now essential for traders seeking to anticipate flow-driven price swings.

CryptoQuant analysts confirmed that ETFs, including BlackRock IBIT, have reduced positions accumulated last year. 

This steady selling creates pressure independent of market sentiment. Therefore, price moves may reflect hedging mechanics rather than investor pessimism.

Community discussions on X support Hayes’ observations. Traders note that auto-call and knock-in levels create predictable flow points. 

These mechanical triggers can lead to accelerated selling or buying, often before public narratives emerge.

Moreover, the recent BTC rebound to $70,000 highlights how flows can reverse. Dealers adjust as triggers reset, showing how structured product mechanics shape short-term volatility. 

Hayes emphasizes that traders must adapt strategies according to issuance, positioning, and barrier geometry.

Overall, the BlackRock IBIT Bitcoin crash illustrates a shift. BTC is no longer influenced solely by macro trends or sentiment. Instead, structured product flows and hedging dynamics now play a critical role in price movements.

Tether, the issuer of the world’s most widely traded stablecoin, has frozen more than $500 million in digital assets.

The funds are linked to a massive illegal gambling and money-laundering syndicate in Turkey.

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Tether Marks One of Crypto’s Largest Crackdowns

The freeze targets assets reportedly owned by Veysel Sahin, an individual Turkish prosecutors accuse of orchestrating a sprawling illegal betting network.

Notably, this move marks one of the largest single-asset seizures in the cryptocurrency sector to date.

Tether CEO Paolo Ardoino confirmed the company’s role in the crackdown, emphasizing the firm’s increasing cooperation with international law enforcement.

“Law enforcement came to us, they provided some information, we looked at the information and we acted in respect of the laws of the country. And that’s what we do when we work with the DOJ, when we work with the FBI, you name it,” he reportedly said.

Meanwhile, the enforcement action highlights a significant pivot for the British Virgin Islands-incorporated firm. Once criticized by regulators for a perceived lack of transparency, Tether has repositioned itself as a proactive partner to global police agencies.

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Earlier this year, the company froze more than $180 million worth of its USDT token. In total, Tether has now frozen more than $3 billion in assets since its inception.

With a circulating supply exceeding $187 billion, Tether’s USDT token serves as the primary source of liquidity for the global cryptocurrency market. BeInCrypto previously reported that this asset serves more than 534 million users globally.

Its widespread use allows traders to move funds quickly between exchanges without relying on traditional banking rails.

However, the speed and scale of recent interventions have dismantled the “censorship-resistant” reputation that once defined the digital asset sector.

Beyond enforcement, Tether has been aggressively diversifying its USDT reserves over the past year.

The company recently announced a $150 million investment in Gold.com, and a $100 million strategic investment in Anchorage Digital, America’s first federally regulated digital asset bank.

Meanwhile, these investment follows a record-breaking financial year for the stablecoin giant.

Buoyed by $10 billion in 2025 profits, Tether has expanded its reach beyond stablecoins. The firm is now deploying capital across a diverse portfolio of internal initiatives, ranging from sports to Bitcoin mining, decentralized communications, and artificial intelligence.

Crypto markets continue to shift as investors balance caution with the search for fresh opportunities. Established meme coins are offering mixed signals, with Dogecoin price today hovering near key levels after light gains, while volume remains soft. At the same time, the shiba inu price is moving sideways following recent volatility, keeping traders focused on whether consolidation will turn into a breakout or further decline.

Against this backdrop, BlockDAG is drawing stronger attention by offering access before public trading begins. Its final private round is live at a fixed price of $0.00025, with no vesting and full token delivery at launch. Early buyers also receive limited early trading access, a structure rarely available to retail participants. For investors tracking potential top crypto gainers, BlockDAG (BDAG) presents a clearer, earlier entry point than most market options today.

Dogecoin Price Today Shows Mixed Signals Near $0.11 Level

Dogecoin is showing mixed signals as the crypto market remains uncertain. Fear is still present, but selling pressure has slowed for now. The meme coin sector rose 3% in the last day, reaching a market value of $38.10 billion. Dogecoin gained about 2%, trading between $0.1058 and $0.11. Dogecoin price today sits near $0.1079, while daily trading volume fell sharply by over 43% to $1.26 billion. Recent data also shows $2.40 million in liquidations.

If weakness continues, Dogecoin price today could slip toward the $0.1068 support level, and deeper losses may push it below $0.1057. On the upside, a recovery could lift Dogecoin price today toward $0.1090 and possibly above $0.1102 if buying strength improves.

Shiba Inu Price Trades Sideways Amid Market Uncertainty

Shiba Inu starts February 2026 in a consolidation phase as traders closely watch price trends, on-chain data, and overall market sentiment. After strong volatility in recent months, price action has slowed, raising questions about whether a breakout or sideways movement will follow. Shiba Inu price is currently trading near $0.000006521, reflecting a 5.91% daily decline. The token holds a market cap of about $3.85 billion, while trading volume stands near $144.75 million.

Technical charts show downward pressure, with resistance around $0.00000702. Strong buying could push prices toward this level. However, if selling increases, support lies near $0.00000661, with further downside toward $0.00000600. Indicators show mixed signals, keeping the Shiba Inu price in focus for the coming weeks.

BlockDAG Final Private Round Goes Live at $0.00025

Most traders chase top crypto gainers after the move has already happened. The BlockDAG private sale flips that script by letting participants step in before price discovery even begins.

This final private round is live at $0.00025, locking in a launch valuation that public buyers won’t see again. With a projected launch price of $0.05, BDAG is positioned for a 200× upside, but only for those who secure allocation now. Once this round closes, the opportunity window shuts with it.

What makes this setup different is execution. There’s no vesting, no delayed claims, and no waiting periods. On launch day, your full allocation is delivered straight to your wallet. Clean. Simple. Immediate.

Then comes the edge most people never get: nine hours of early trading access before public markets open. That window exists for one reason: to let private sale participants position ahead of the initial volatility wave. While others rush in blind, you’re already active.

This isn’t a rolling sale or an evergreen offer. The final allocation is finite. When it fills, BDAG becomes fully distributed, forever. From that point on, exposure is limited to open-market buys at whatever price demand sets.

For anyone scanning the market for the top crypto gainers of the next cycle, this private sale isn’t about hype. It’s about timing, structure, and access, three things public markets never offer equally. The dashboard is open. Supply is moving. The clock isn’t slowing down.

BlockDAG Makes Its Case as a Future Top Crypto Gainer

As markets pause, the contrast between hesitation and opportunity is becoming clearer. Dogecoin price today and Shiba Inu price continue to reflect uncertainty, with both assets locked in tight ranges and waiting on a broader market push. For investors chasing momentum, patience is being tested.

BlockDAG, however, is operating on a different timeline. Its final private round at $0.00025 offers fixed pricing, instant ownership, and early trading access before the public rush begins. Once this window closes, entry shifts to open markets at unknown prices. For those scanning the horizon for the next wave of top crypto gainers, the choice is simple. Act early, or watch from the sidelines as demand takes over.

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Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

The community was quick to pick up the inconsistency in his words, especially when it came down to BTC.

The author of the Rich Dad Poor Dad best-seller came under fire recently after making some interesting yet highly controversial comments about when he allegedly stopped buying certain assets, including BTC.

The question many community members asked was – Is he lying now, or has he been deceitful for a long time?

(When) Did Kiyosaki Lie?

The popular author and investment guru became a prominent BTC bull during the COVID crash and has frequently praised the asset. Moreover, he has been advising people to buy more BTC, as well as gold, silver, and he recently added ETH to his narrative.

What’s even more interesting is that he has made multiple posts on X indicating that he has bought more. Just a few examples include on July 1, 2025, when he literally said on X that he had “bought another bitcoin today.” At the time, the cryptocurrency traded between $105,000 and $110,000 – this is important for the story in this article.

Then, just a few weeks later, when BTC exploded above $117,000, he noted that he was “going to buy one more bitcoin asap.” Kiyosaki also explained in early 2026 that he ignores the prices of BTC and ETH and just keeps buying more.

Yet, in his most recent post on the matter, which caused significant backlash, he claimed that he stopped buying bitcoin at $6,000. Just for reference, the cryptocurrency hasn’t traded at such low levels since right after the COVID-19 crash in mid-2020. In fact, even with its recent crash to $60,000, that’s still 10x from the price he claimed.

Naturally, the ever-vigilant crypto community quickly picked up the inconsistency in his posts on X, and lashed out about being a liar – either now, or he has been lying for years.

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More Lies?

Others went after different claims he has made throughout the years, mostly for major crashes and different investment advice he had given, many of which never materialized. Mark McGrath, for instance, brought up a chart with many of his comments and shot straight at Kiyosaki, claiming that he is “such a lying grifter.”

You’re such a lying grifter holy cow.

You’ve been pumping all 3 of these non stop daily for years and now you claim you were never buying?

How you didn’t win the financial charlatan of the year award, I’ll never understand pic.twitter.com/gv6D9mNLM4

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— Mark McGrath (@MarkMcGrathCFP) February 6, 2026

Has the POTUS finally begun filling up the promised Bitcoin reserve? Jim Cramer claims so.

During the 2024 presidential election campaign, Donald Trump turned the tide for the cryptocurrency industry and became a vocal supporter, a significant shift from his previous stance.

He made multiple promises that the United States would become the crypto capital of the world and that his administration would do great things for Bitcoin and other assets. One of those promises got the community really excited as he said he wanted all remaining BTC to be mined in the US and claimed the country would establish a designated Bitcoin reserve.

The expectations were extremely high, which was among the reasons why BTC skyrocketed after he won the elections, and surged to consecutive all-time highs in 2025. However, a quick reality check a year after his inauguration shows there’s no such reserve, despite rumors that it would be a crypto stockpile including popular alts.

After a prolonged silent period with little to no movement on the matter, Jim Cramer just brought it up and made some serious claims.

In a recent CNBC appearance, he said he had “heard” that the president was going to fill up the Bitcoin reserve at $60,000. This became possible on Friday when the asset indeed plummeted to that level for the first time since before the presidential elections in late 2024.

There’s no proof for these claims at the time of this post. The only fund that is being filled with BTC is Binance’s SAFU initiative. The exchange has made a few consecutive BTC purchases, converting its SAFU fund from stablecoins to a Bitcoin-dominated fund.

Perfecting timing too. https://t.co/6vytzn5XGr

— CZ 🔶 BNB (@cz_binance) February 7, 2026

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Bitcoin failed to sustain a move above $69,000 as markets opened the weekend with caution, mirroring a broader hesitancy among traders about chasing new highs amid an uncertain macro backdrop. Fresh downside risk was baked into price action as BTC slipped more than $4,000 from the daily open, signaling that the rebound into the weekend may have been a relief rally rather than a durable trend reversal. Analysts point to resistance just below or at the old 2021 all-time high, around $69,000, which is seen as a formidable barrier. Meanwhile, two CME futures gaps loom on the horizon, offering potential magnets for price if demand accelerates again.

Key points:

• Bitcoin faces a lack of acceptance above $69,000, while traders see new lows to come.

• Analysis says that the rebound into the weekend was nothing more than a “relief rally.”

• Two CME futures gaps provide potential targets for BTC price upside.

BTC price bottom “not in,” analysis warns

Data from TradingView showed BTC price action dropping more than $4,000 versus the daily open. With the old 2021 all-time high increasingly turning to resistance, cautious traders rejected the notion of a quick revival. The immediate takeaway among several market observers was that the weekend rally looked more like a relief bounce than a sustainable bottom formation.

“TLDR: The bottom for BTC is not in. My priority right now is capital preservation,” said Keith Alan, cofounder of trading resource Material Indicators, in a post on X the day before the latest price action. His warning captured a broader mood among traders who view the market as exposed to further downside risk before any durable upward momentum could reassert itself. A separate blockquote captured his sentiment: “If you’re thinking, ‘We’re so back,’ we’re not. There is literally no evidence of that yet.”

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Alan also highlighted the significance of the 2021 peak around $69,000, describing it as an “important” level within what he characterized as an ongoing relief rally. He added that the recent move was “a gift yesterday,” but warned that lower prices may come before a renewed bull-market cycle could take hold.

Zooming out, market analyst Rekt Capital also argued that the most pronounced downside pressure may still be ahead. In a post on X, he likened BTC/USD’s behavior to the late-2022 bear market, suggesting that a recurring historical pattern—where a fourth consecutive cycle echoes a familiar base formation—points to further weakness before a potential bottom is established. “This is the 4th consecutive cycle that this historical tendency has continued. And history suggests there’s more downside to come,” he wrote, underscoring the stubborn risk that BTC could test lower support before a broader recovery materializes.

Bitcoin bulls bet on CME gap fills

Saturday’s retracement, meanwhile, left a new potential “gap” in CME Group’s Bitcoin futures market. This development has kept a subset of traders focused on classic short-term price magnets, with the market watching two CME gaps that could act as catalysts if prices rally in the near term.

Related: Bitcoin beats FTX, COVID-19 crash with record dive below 200-day trend line

A short-term magnet narrative has re-emerged, centered on a gap near $84,000 and a separate level that could pull prices higher if demand re-emerges. Traders argued that such gaps often attract price action as liquidity cycles through the market, even if the longer-term trend remains uncertain. The chatter around CME gaps aligns with a broader view that a relief rally could redraw price trajectories in the near term, though it is not a guarantee of a lasting bounce.

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Will we see this #Bitcoin CME Gap filled next week?

$84,215 🎯 pic.twitter.com/ZHaKynuR3F

— Elja (@Eljaboom) February 7, 2026

In parallel, traders like Michaël van de Poppe, a veteran analyst and founder of various crypto ventures, voiced a more constructive near-term view. He forecast a continuation pattern where a correction gives way to a move toward the CME gap and beyond, suggesting that the next week could carry BTC toward the $75,000-and-higher zone if momentum reasserts. “Today: correction day. Tomorrow: back up again towards the CME gap. Next week: continuation to $75k+,” he wrote in a post on X, signaling that the possibility of a rebound is not dismissed by some observers.

Notably, Samson Mow, CEO of Bitcoin-adoption firm JAN3, framed the event as a test of whether large-scale corporate buyers will step in to buy BTC at the new price levels. He described the higher CME gap as one of two questions every financial analyst should be asking: whether institutional demand can absorb the selling pressure given the 15-month low in BTC prices, and whether corporate treasury activity will pick up as prices drift lower. “I believe the answers are not for long and very soon,” he concluded in a post on X, signaling that the near term could reveal significant shifts in demand just as price action wobbles around key levels.

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Why it matters

The present price action matters because it tests the resilience of BTC’s uptrend hypothesis at a time when macro uncertainties linger. A failure to sustain moves beyond critical resistance around $69,000 reinforces the notion that the market is wrestling with a structural pivot rather than a short-lived surge. The CME gaps add a practical, price-target dimension to the debate: if price finds buyers near those gaps, it could spur a corrective rally that lasts into the following week; if not, the risk-off mood may extend and push BTC toward the lower end of recent ranges.

Moreover, the discourse around corporate treasury demand—an ongoing theme in crypto markets—could shape the supply/demand balance in the months ahead. If large buyers re-enter at these levels, they could provide a floor that mitigates downside risk and sets the stage for a broader recovery. Conversely, persistent macro weak spots or a fresh risk-off impulse could keep BTC mired in a corrective phase, testing support levels that traders have watched since late 2025.

Taken together, the footage from trading desks shows a market that remains finely poised between a cautious, risk-averse stance and a renewed appetite for risk-taking when specific technical benchmarks align with liquidity drivers. The result is a price story that is less about a single breakout and more about the tug of war between macro-impacted liquidity and market structure signals like CME gaps and key resistance levels.

What to watch next

• Watch how BTC trades around the CME gap near $84,000 in the coming days and whether price action tests that area again.
• Monitor whether buyers reappear near the mid-to-upper $70k region, potentially signaling a shift in the short-term trend.
• Look for any signs of renewed institutional or corporate BTC treasury activity as prices approach critical levels.
• Assess macro cues and liquidity conditions, since they likely will continue shaping volatility and the pace of any potential relief rallies.

Sources & verification

• TradingView BTCUSD price data referenced in the price action discussion.
• Comments from Keith Alan (Material Indicators) on BTC’s bottom and capital preservation, shared on X.
• Analysis from Rekt Capital regarding cycle patterns and potential downside in BTC/USD.
• Forecasts from Michaël van de Poppe on CME gaps and near-term targets.
• Remarks from Samson Mow on corporate BTC treasury activity and near-term demand dynamics.

What the market is watching next

The coming days will be telling for BTC’s near-term orientation. If the price can reclaim and sustain a move above the $75,000–$80,000 range and, more broadly, approach the CME gap around $84,000, bulls may gain a foothold that could catalyze a more substantive rebound. Conversely, if selling pressure intensifies and price breaks back toward the mid-$60,000s, the market could extend the current corrective phase while traders reassess whether a longer bear-market cycle has run its course. As always, liquidity, macro risk sentiment, and institutional participation will remain the key variables shaping outcomes in the weeks ahead.