#BTC: Elliott Wave Analysis Price Prediction | Daily & 5m | Bitcoin Forecast & Key Levels. Video by Koenz Trading.
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As of February 6, 2026, Bitcoin (BTC) is trading near $66,954, staging a fragile recovery after a volatile session that saw it plummet to a 15-month low of $60,074. The market is currently experiencing significant "liquidity stress," with the Fear & Greed Index plunging to 5, indicating "Extreme Fear". This downturn has been fueled by a broader sell-off in U.S. technology stocks and significant outflows from Bitcoin spot ETFs, which recorded over $434 million in negative flows on February 5.
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Bitcoin Insights Today
-Institutional "Dip Buying": Despite retail panic, some reports indicate that billionaires and institutional "heavyweights" are using this drawdown as a strategic entry point to stockpile BTC.
-MicroStrategy Update: As of February 1, MicroStrategy reported holding 713,502 BTC. Despite a $12.4 billion Q4 net loss, the company continues its accumulation strategy, adding 41,002 BTC in January alone.
-Macro Risks: The market remains highly sensitive to U.S. Federal Reserve policy, with investors watching for new leadership after Jerome Powell's tenure ends in May 2026.
-ETF Outflows: The outflow streak continues, with BlackRock and Fidelity seeing combined exits of over $280 million in a single session.
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