Bitcoin extended its pullback under $73,500 and is consolidating after reaching a low at $71,532. The price trades below $75,000 and the 100-hour SMA, with resistance clustered at $72,850, $74,200, and near a bearish trend line at $75,200. A failure to reclaim $75,000 risks tests of $72,000, $71,200, and $70,000.

Bitwise projects Bitcoin could set a new all‑time high in 2026, with a longer‑term possibility of $1,000,000 over the next decade. Ryan Rasmussen says spot Bitcoin ETFs and major brokerages are opening access for pension funds, endowments, and managers, with reports indicating potential inflows in the tens of billions during 2026.

On-chain metrics show the Bitcoin MVRV Z-Score has dropped to its weakest reading in years after the price broke below $80,000. Glassnode analyst Chris Beamish notes the indicator, which compares market cap with Realized Cap, has compressed to levels last observed in October 2023, when BTC hovered around $29,000. While Bitcoin still trades near $76,000 and remains in net profit territory, unrealized and realized gains have both declined sharply.

Bitcoin extended its decline, briefly trading near the low $75,000 area before stabilizing. According to market feeds, order books show thicker buy interest clustered from about $71,500 down toward $64,000, and liquidations in the millions have amplified the slide. Joe Burnett said a roughly 45% drawdown would still align with historical norms amid wider risk-off pressure.

On 4 February, Bitcoin slid under $72,000, extending its recent downtrend and reaching a new local low amid selling in spot and derivatives markets. The price briefly touched an intraday low near $71,700 and was last seen around $71,800, down about 5% on the day, as weak U.S. spot demand and over $235 million in liquidations, mostly from longs, weighed on the market. Technical focus has now shifted to the $70,000 area as a key psychological level, with $75,000–$78,000 viewed as the first zone to reclaim for any sign of stabilization.

On 5 February 2026, Bitcoin slid below the $72,000 mark before quickly bouncing back above $73,000, after a wave of selling and liquidations hit the market. The asset remains down nearly 20% over the past week, with sentiment stuck in extreme fear as analysts debate whether technical exhaustion or macro-driven risks will dominate next. Altcoins such as Ethereum, Solana, and XRP continue to underperform, while institutions warn that tight monetary policy, weak liquidity, and ETF outflows could still weigh on prices.

On Wednesday, Bitcoin fell below $73,000 after failing to hold the prior retest of $79,500, while U.S.-listed spot Bitcoin ETFs have logged more than $2.9 billion in cumulative outflows over the last 12 trading sessions. Options data, large futures liquidations and the crypto market’s tight correlation with sliding tech stocks indicate that many traders are cutting exposure and remain unconvinced that the recent low around $72,100 marks a durable bottom.

On February 4, 2026, Stacks announced an integration with Fireblocks that will let the platform's 2,400+ institutional clients deploy BTC into Bitcoin-native DeFi on Stacks. According to the announcement, Fireblocks secures more than $5 trillion in annual digital asset transfers, and the integration will use enterprise-grade infrastructure for custody, settlement, trading, and payments.