{"id":71395,"date":"2026-02-07T17:31:31","date_gmt":"2026-02-07T17:31:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=71395"},"modified":"2026-02-07T17:31:31","modified_gmt":"2026-02-07T17:31:31","slug":"bitcoin-price-crash-vaneck-analyst-explains-what-triggered-the-drop","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=71395","title":{"rendered":"Bitcoin Price Crash: VanEck Analyst Explains What Triggered the Drop"},"content":{"rendered":"<div>\n<p>Last week, <strong>Bitcoin<\/strong> <a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) experienced a significant drop, plummeting to a low of $60,000, marking a 19% decline. The downturn is attributed to multiple factors, including massive deleveraging and miners being forced to sell, rather than a single <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/02\/50447925\/bitcoin-could-bounce-from-50-crash-heres-what-record-layoffs-just-changed\">catastrophic event.<\/a><\/p>\n<p>According to reports, futures open interest has dropped from $61 billion to $49 billion within a week, indicating a more than 20% decline in borrowed bets against Bitcoin. This drop in leverage parallels the decline in Bitcoin\u2019s price, suggesting a simultaneous fall rather than a chaotic forced selling scenario.<\/p>\n<h2 class=\"wp-block-heading\">What The Latest Bitcoin Drop Reveals<\/h2>\n<p>According to <strong>Matthew Sigel<\/strong>, head of digital asset research at <strong>VanEck<\/strong>, the selloff isn\u2019t driven by a single trigger but by a combination of factors including collapsing leverage, AI hype unraveling, and quantum computing risks. <\/p>\n<p>\u201cThe list reveals a market under siege from multiple directions,\u201d Sigel stated in a post on X.<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><br ...><\/figure>\n<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/02\/50467782\/bitcoin-price-crash-vaneck-analyst-explains-what-triggered-the-drop?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitcoin\" price crash: vaneck analyst explains what triggered the drop>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Last week, Bitcoin (CRYPTO: BTC) experienced a significant drop, plummeting to a low of $60,000, marking a 19% decline. The downturn is attributed to multiple factors, including massive deleveraging and miners being forced to sell, rather than a single catastrophic event. According to reports, futures open interest has dropped from $61 billion to $49 billion [&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-71395","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\/71395","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=71395"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/71395\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}