{"id":70750,"date":"2026-02-04T07:02:12","date_gmt":"2026-02-04T07:02:12","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=70750"},"modified":"2026-02-04T07:02:12","modified_gmt":"2026-02-04T07:02:12","slug":"bitcoin-loses-long-term-support-tanking-to-73k-as-short-term-holders-capitulate","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=70750","title":{"rendered":"Bitcoin Loses Long-Term Support, Tanking to $73K as Short-Term Holders Capitulate"},"content":{"rendered":"<div>\n<p>Bitcoin prices tanked to around $73,000 in late trading on Tuesday, its lowest level since November 2024.\u00a0The fall is significant because it dropped below April 2025 support levels, which were around $74,500, confirming bear market territory.<\/p>\n<blockquote>\n<p>\u201cNegative momentum is currently extreme as the bear market persists following the October 10 flash crash,\u201d <a href=\"https:\/\/x.com\/swissblock__\/status\/2018686729822093369\">reported<\/a> Swissblock.<\/p>\n<\/blockquote>\n<p>The asset has now crashed 25% in less than three weeks and is down 40% from its all-time high.<\/p>\n<p>\u201cBitcoin has now crashed over $53,000 in the last 120 days,\u201d <a href=\"https:\/\/x.com\/BullTheoryio\/status\/2018761308309729756\">observed<\/a> analyst \u2018Bull Theory\u2019 who added:<\/p>\n<blockquote>\n<p>\u201cEither this is an insane level of manipulation or something huge has broken behind the scenes in crypto.\u201d<\/p>\n<\/blockquote>\n<p>The move came as geopolitical tensions <a href=\"https:\/\/cryptopotato.com\/bitcoin-drops-below-75000-as-iran-seeks-to-shift-meeting-format-with-the-us\/\">escalated<\/a> again, with Iran seeking a new format for nuclear dialogue with the United States.<\/p>\n<h2>STH Capitulation Adds to Selling Pressure<\/h2>\n<p>\u201cShort-term holders have been capitulating over the past few days,\u201d <a href=\"https:\/\/x.com\/Darkfost_Coc\/status\/2018724088668205157\">said<\/a> CryptoQuant analyst \u2018Darkfost\u2019.\u00a0More than 40,000 BTC have been sent to exchanges at a loss over the past day or so, they added.<\/p>\n<blockquote>\n<p>\u201cThis potential selling pressure appears to have impacted the market today. When large amounts of BTC are sent to exchanges, it is mainly for selling purposes.\u201d<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f534.png\" alt=\"\ud83d\udd34\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Short-Term Holders have been capitulating over the past few days.<\/p>\n<p>In the last 24 hours, more than 40,000 BTC have been sent to exchanges at a loss.<br \/>\n\u2070<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f4a5.png\" alt=\"\ud83d\udca5\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Yesterday, that figure even reached 54,000 BTC.<br \/>\nAt current prices, this represents roughly $4B.<\/p>\n<p>This potential selling\u2026 <a href=\"https:\/\/t.co\/yX0HcOwSs3\">pic.twitter.com\/yX0HcOwSs3<\/a><\/p>\n<p>\u2014 Darkfost (@Darkfost_Coc) <a href=\"https:\/\/twitter.com\/Darkfost_Coc\/status\/2018724088668205157?ref_src=twsrc%5Etfw\">February 3, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Santiment went into further detail, <a href=\"https:\/\/x.com\/santimentfeed\/status\/2018758305431118310\">reporting<\/a> that wallets with 10 to 10,000 BTC, which hold just over two-thirds of all Bitcoin, have dumped 50,181 units in the past two weeks alone.<\/p>\n<p>However, the world\u2019s largest exchange, Binance, \u201cshows no signs of stress,\u201d <a href=\"https:\/\/x.com\/cryptoquant_com\/status\/2018763772807238084\">reported<\/a> CryptoQuant.<\/p>\n<p>\u201cReserves hold near 659,000 BTC, netflows remain normal, and reserve movement sits at just 0.6%, nowhere close to the -12% panic withdrawals seen post-FTX,\u201d it added.<\/p>\n<p>Analyst \u2018Sykodelic\u2019 also remained positive, <a href=\"https:\/\/x.com\/Sykodelic_\/status\/2018781173200335078\">stating<\/a> that \u201cthis section below the $74K lows will provide the springboard for the next macro leg higher.\u201d<\/p>\n<blockquote>\n<p>\u201cTaking the lows, losing $74K temporarily, pushing everyone over the edge, even the most staunch of bulls\u2026 baiting a massive bear trap.\u201d<\/p>\n<\/blockquote>\n<h2>Total Market Cap at 9 Month Low<\/h2>\n<p>Bitcoin had returned to trade at $76,500 at the time of writing in early trading in Asia on Wednesday, so the dip below long-term support was short-lived.\u00a0However, the rest of the crypto market is in <a href=\"https:\/\/cryptopotato.com\/fud-takes-over-crypto-social-media-in-retail-selloff-santiment\/\">meltdown<\/a>, with total capitalization tanking to a nine-month low of $2.64 trillion.<\/p>\n<p>Ether fell to $2,120 before a minor recovery, and most of the altcoins had crashed to crypto winter lows with very little recovery.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bitcoin-loses-long-term-support-tanking-to-73k-as-short-term-holders-capitulate\/\">Bitcoin Loses Long-Term Support, Tanking to $73K as Short-Term Holders Capitulate<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin prices tanked to around $73,000 in late trading on Tuesday, its lowest level since November 2024.\u00a0The fall is significant because it dropped below April 2025 support levels, which were around $74,500, confirming bear market territory. \u201cNegative momentum is currently extreme as the bear market persists following the October 10 flash crash,\u201d reported Swissblock. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-70750","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/70750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70750"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/70750\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}