#Bitcoin BTC Price News & Insights Today 5-2-2026 - Technical analysis of #BTC, on market structure, key support and resistance zones. Video by More #Crypto Online.
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As of February 5, 2026, Bitcoin (BTC) is experiencing a sharp sell-off, plunging to $71,171.41. This correction represents a 7% decline today alone, erases approximately 20% of its value since the start of 2026.
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Bitcoin Insights Today
-Price Action: Bitcoin crashed through key support levels this morning, dropping below the psychological $75,000 mark and briefly testing the $70,000 area.
-Mass Liquidation: The sudden drop triggered the unwinding of leveraged positions, resulting in nearly $770 million in liquidations over the last 24 hours.
-Market Sentiment: The Fear & Greed Index has plummeted to 11 or 12, indicating "Extreme Fear" among investors.
-Macro Headwinds: Analysts attribute the rout to a "risk-off" sentiment following a global sell-off in AI and tech stocks, combined with a strengthening U.S. dollar and rising global bond yields.
-Investor Warning: Michael Burry, the investor known for his "Big Short," warned today of a potential "death spiral" for Bitcoin as liquidity conditions tighten.
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