Bitcoin Slides To $65,000 As Liquidations Hit $2 Billion; Ethereum, Dogecoin Sink, XRP Holds Steady
Posted On February 6, 2026
Bitcoin slid roughly 8% in a day to $65,000, pushing the crypto sentiment index to Extreme Fear (5); liquidations stand at $2.60 billion over the past 24 hours.
Bitcoin ETFs saw $434.2 million in net outflows on Thursday, while Ethereum ETFs reported $80.8 million in net outflows.
Slight Rally Can Lead To Large Wick
Crypto trader Jelle said Bitcoin has entered the lowest quarter of its eight-year price channel and is nearing its lower boundary. Major channel support sits in the $50,000–$55,000 range, an area he views as critical.
Michael van de Poppe noted Bitcoin plunged below $60,000 almost instantly, marking a sharp two-week correction. Price is now hovering near the 200-week moving average, making the coming sessions decisive. He added, “If prices can …
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