Bitcoin jumped from about $60,000 to over $70,000 within a day after a sharp selloff that had erased roughly 14% and liquidated around $1 billion in leveraged positions. The recovery followed a broad macro rebound across equities and precious metals, but derivatives and options positioning still indicate heavy demand for downside protection and sizable put interest around the $60,000–$50,000 area.

South Korea's Financial Supervisory Service opened an on-site inspection of Bithumb after a promotion glitch credited 2,000 BTC to hundreds of users, triggering a brief price dislocation and trading curbs. Regulators are reviewing potential rule breaches, user-protection lapses, and recovery of assets, while the Korea Fair Trade Commission launched a separate inquiry into Bithumb's marketing practices.

Bitcoin is trading around $65,000 while persistent selling pressure and a roughly 17% yearly decline weigh on sentiment. CryptoQuant's Market Cycle Signals indicator now places price action near an early accumulation zone around $54,600, as Bitcoin trades below key weekly moving averages and remains at risk of further downside if it fails to reclaim the $70,000–$75,000 range.

BlackRock's iShares Bitcoin Trust (IBIT) recorded $231.6 million of inflows on Friday, following two prior sessions of heavy redemptions and a sharp price decline. The move came in a week where U.S. spot Bitcoin ETFs saw three days of $1.25 billion in combined outflows before a $330.7 million inflow rebound, while Bitcoin's price fell 24.30% over 30 days.

Bitcoin's slide below $70k has coincided with growing strain on miners, including a recent $87 million (1,318 BTC) transfer by MARA to centralized exchanges. With daily miner revenue down 36% year-on-year to $28.3 million and sell-off metrics hitting yearly highs, mounting miner pressure could limit the strength of any BTC price recovery.

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.

Google Trends data shows global searches for "Bitcoin" jumping to a score of 100 in the week starting Feb. 1, marking a 12‑month high as BTC briefly slid to around $60,000 before rebounding. Bitcoin fell from about $81,500 to roughly $60,000 within five days and later recovered to $70,740, prompting Bitwise's André Dragosch to say that retail traders are returning, even as sentiment gauges signal extreme fear.

After reporting its fourth‑quarter results, Strategy’s leadership said the firm would withstand further Bitcoin (BTC) weakness, even as the token briefly approached $60,000 and MSTR stock fell to about $104. Founder Michael Saylor and CEO Phong Le highlighted a $2.25 billion cash reserve against $888 million in annual preferred dividends and $8.2 billion of low‑ and zero‑interest convertible bonds, with Le noting Bitcoin would need to drop roughly 90% for the company’s BTC holdings to only match its debt. Both Bitcoin and MSTR later rebounded, with BTC around $69,256 and the stock climbing above $130, easing immediate pressure on Strategy’s balance sheet.