Jeff Park, partner and CIO at ProCap Financial, says Bitcoin's roughly 50% slide reflects a break from the old liquidity-driven playbook, and contends a prospective Kevin Warsh–led Federal Reserve could herald a new trading regime. On February 5, 2026, Park reiterated his bear‑market stance and, citing Michael Howell, pointed to global liquidity near $170 trillion through 2025.

On Feb. 5, Bitcoin fell more than 15% (~$10,800), triggering spikes in implied volatility and record ETF trading activity. IBIT volume hit $10b and the fund dropped 13%, while BVIV touched 88.55 and daily RSI printed 15.64, levels consistent with capitulation.

On Feb. 3, chart analyst Crypto Patel said Dogecoin has revisited the $0.10–$0.06 demand zone, portraying it as re-accumulation and a cycle reset after a steep retrace. He outlined upside targets at $0.50, $1.50 and $4.00 with invalidation on a weekly close below $0.06. Patel also cited prior bursts of +17,000% in 2021 and +600% in 2024; DOGE was at $0.09857 at press time.

On Feb. 4, Crypto Patel said XRP/USD had entered a $1.50–$1.30 accumulation zone, with deeper bids planned at $0.90–$0.70 if $1.30 breaks. Charting Guy mapped a potential March bottom around $1.20, allowing for a wick near $1.00. At press time, XRP traded at $1.3888.

On Feb. 4, PlanB outlined four potential Bitcoin bear-market paths in an X post and video, ranging from a classic -80% drawdown to $25,000 to a base near the $50,000–$60,000 band. He said January closed at $78,000 versus a $126,000 ATH, with the 200-week MA at $58,000, realized price at $55,000, and RSI at 49.

XRP has moved into what Korean Certified Elliott Wave Analyst XForceGlobal describes as a "washout" zone within an expanded flat correction, a structure he believes could ultimately precede a new macro uptrend toward $20–$30. In a February 3 video, he argued that the current Wave C sell-off may still need to complete a five-wave decline, potentially driving XRP into a volatile $1.50 to $1.08–$1.09 range before a reversal, with interim resistance and risk-management levels such as $6 on the path higher. At the time of reporting, XRP was trading at $1.5887.

Standard Chartered lowered its end-2026 Solana price target to $250 from $310 and reaffirmed a roadmap to $2,000 by end-2030. The bank cites a shift in DEX activity away from memecoin trading toward SOL–stablecoin pairs and a micropayments push, with stablecoin velocity reportedly two to three times Ethereum's. At press time, SOL traded at $96.93.

Bitcoin's downturn traces back to Oct. 10, 2025, when a derivatives washout forced roughly $19 billion in futures liquidations as prices fell. CryptoQuant contributor Darkfost says open interest collapsed by about 70,000 BTC that day, resetting months of leverage and leaving speculation subdued amid weaker spot volumes and declining stablecoin liquidity.

In a Feb. 1 analysis, CryptoQuant CEO Ki Young Ju argued that Bitcoin’s recent decline is driven by persistent selling pressure and a lack of new capital, as signaled by a flat Realized Cap and weakening liquidity. He said a full-cycle style 70% crash would likely require MicroStrategy to shift from aggressive accumulation to substantial selling, while other on-chain data from CryptoQuant contributors show stablecoin market growth has reversed since December and exchange inflows have faded. At press time, BTC was trading at $78,280 amid what Ki expects could become a broad sideways consolidation phase rather than an immediate capitulation.