hodler

5 Feb 2026, 11:42

CZ Shuts Down Binance Critic Over Fake Cease and Desist Claim

Binance Founder CZ has denied filing a cease-and-desist order against critic Jacob King.

5 Feb 2026, 11:40

Bhutan Sold $22 Million Worth of BTC: Holdings Are Dwindling

Bhutan sold 22,3 million dollars from its BTC reserves: 184 BTC on Wednesday, 100,8 BTC on Friday. Holdings dropped from 13.295' to 5.700 BTC. Costs rose after Halving. BTC fell below 70K (RSI 21 o...

5 Feb 2026, 11:40

Bitcoin Price Plummets Below $70,000: Analyzing the Sudden Market Shift

BitcoinWorld Bitcoin Price Plummets Below $70,000: Analyzing the Sudden Market Shift Global cryptocurrency markets witnessed a significant shift on April 10, 2025, as the Bitcoin price decisively broke below the crucial $70,000 threshold. According to real-time data from Bitcoin World market monitoring, BTC was trading at $69,998.01 on the Binance USDT perpetual futures market. This movement represents a pivotal moment for the dominant digital asset, potentially signaling a change in short-term market sentiment. Consequently, traders and analysts are scrutinizing the underlying causes and historical context of this decline. Bitcoin Price Breaks Key Support Level The descent of the Bitcoin price below $70,000 marks a breach of a major psychological and technical support zone. Market data indicates sustained selling pressure emerged during the Asian trading session. This pressure gradually eroded the support that had held for the preceding week. Furthermore, on-chain analytics firms reported an increase in exchange inflows, suggesting some holders moved assets to trading platforms, potentially for sale. The immediate catalyst appears linked to broader macroeconomic concerns, including shifting expectations around central bank interest rate policies. Simultaneously, the total cryptocurrency market capitalization reflected a correlated drop of approximately 3.5%. Historical Context of Bitcoin Volatility Bitcoin’s history is characterized by pronounced volatility. Significant price corrections often follow extended periods of bullish momentum. For instance, the 2021 cycle saw multiple drawdowns exceeding 20% during its overall upward trajectory. Analysts frequently compare current movements to past cycles to assess potential severity. The current pullback from recent highs near $74,000 remains within historical norms for a healthy market correction. However, the $70,000 level had previously acted as strong resistance before becoming support. Its failure now requires close monitoring for follow-through selling. Market structure analysis shows that liquidations in leveraged derivatives markets may have accelerated the move. Analyzing the Cryptocurrency Market Reaction The reaction across the cryptocurrency market has been notably broad-based. Major altcoins, often correlated with Bitcoin’s price action, experienced similar or steeper percentage declines. Ethereum (ETH), for example, fell below a key level of its own. This pattern suggests a market-wide risk-off sentiment rather than a Bitcoin-specific issue. Trading volume across major spot and derivatives exchanges spiked by over 40% compared to the 24-hour average. The table below illustrates the immediate impact on top assets: Asset Price Change (24h) Key Level Lost Bitcoin (BTC) -4.2% $70,000 Ethereum (ETH) -5.8% $3,500 Binance Coin (BNB) -3.5% $600 Market participants are evaluating several concurrent factors. These include recent statements from regulatory bodies and the net flows of major spot Bitcoin exchange-traded funds (ETFs). Data shows a slight slowdown in daily ETF inflows preceding the drop. Additionally, technical indicators like the Relative Strength Index (RSI) had signaled overbought conditions. A cooling period was widely anticipated by quantitative analysts. Expert Perspectives on Market Dynamics Financial analysts emphasize the importance of distinguishing between short-term volatility and long-term trend. “Market corrections are a standard feature of asset price discovery, especially in a 24/7 global market like crypto,” noted a senior strategist at a digital asset fund. They highlighted that underlying network fundamentals, such as hash rate and active addresses, remain strong. Another analyst pointed to options market data, indicating increased demand for put options (bearish bets) as a precursor to the move. This sentiment shift was visible in the futures market funding rates, which normalized from positive to neutral. Experts consistently advise investors to focus on time horizons and risk management rather than daily price fluctuations. The Impact on Crypto Trading and Investor Sentiment The drop below $70,000 has immediate implications for crypto trading strategies. Leveraged long positions faced significant liquidation, with analytics platforms reporting over $300 million in long liquidations across exchanges. This deleveraging event can create a cascading effect, adding downward pressure. For spot holders, the move tests conviction and portfolio allocation theories. Retail sentiment gauges, like the Crypto Fear & Greed Index, shifted from “Greed” to “Neutral” territory within hours. Meanwhile, institutional players often view such pullbacks as potential entry points, provided the macroeconomic thesis remains intact. The event serves as a stark reminder of the asset class’s inherent price variability. Key considerations for traders now include: Support Levels: Identifying the next major technical support, potentially around $67,500. Volume Profile: Assessing whether selling volume is exhausting or accelerating. Macro Correlation: Watching traditional market reactions to upcoming economic data. On-chain Data: Monitoring whale wallet movements for accumulation or distribution signals. Conclusion The Bitcoin price falling below $70,000 represents a critical technical event within the ongoing market cycle. This movement underscores the persistent volatility of the cryptocurrency market while operating within established historical patterns. Analysis reveals a combination of technical overextension, macroeconomic sensitivity, and derivatives market mechanics contributed to the decline. For market participants, maintaining perspective on long-term adoption trends versus short-term price action is essential. The coming days will be crucial for determining whether this is a brief correction or the start of a deeper consolidation phase. Ultimately, the Bitcoin price action continues to command global financial attention, highlighting digital assets’ evolving role in the broader economic landscape. FAQs Q1: Why did Bitcoin fall below $70,000? The drop resulted from a combination of factors: technical selling after failing to hold support, increased selling pressure from leveraged position liquidations, a temporary slowdown in spot ETF inflows, and broader cautious sentiment in financial markets. Q2: Is this a normal occurrence for Bitcoin? Yes, historically. Bitcoin frequently experiences corrections of 10-30% during major bull markets. These pullbacks are considered healthy for sustaining long-term uptrends by shaking out excessive leverage. Q3: What is the next major support level for BTC? Analysts are watching the previous resistance-turned-support zone around $67,000-$67,500. The 50-day moving average, currently near $66,800, also serves as a key technical benchmark for many traders. Q4: How are Bitcoin ETFs affecting the price? Spot Bitcoin ETFs provide a major new source of demand. A reduction in their daily net inflows can remove a key buying pressure, allowing other market forces like profit-taking to have a larger impact on the price. Q5: Should investors be worried about this price drop? Short-term volatility is inherent to cryptocurrency markets. Long-term investors typically focus on fundamental adoption metrics rather than daily prices. Risk management, like appropriate position sizing, is always crucial. This post Bitcoin Price Plummets Below $70,000: Analyzing the Sudden Market Shift first appeared on BitcoinWorld .

5 Feb 2026, 11:39

DOGE Technical Analysis February 5, 2026: Support and Resistance Levels

DOGE is approaching the critical 0.0946$ support at the 0.10$ level, with RSI oversold indicating bounce potential. Resistances at 0.1096$ and 0.1852$ are forming strong selling zones.

5 Feb 2026, 11:38

Bitcoin Trades 20% Below Production Cost as Miner Profitability Drops to 14-Month Low

Bitcoin has slipped to roughly $70,000 on February 5 — about 20% below the estimated $87,000 cost to produce a single coin — as hashrate declines , shrinking margins, and a broader market rout drag miner profitability to its lowest point in 14 months. Key Takeaways: – Bitcoin is trading near $71,000, roughly 20% below its estimated all-in production cost — a gap that has historically only appeared during bear markets. – The Miner Profit and Loss Sustainability Index has sunk to 21, a level not seen since November 2024, after daily mining revenue briefly touched $28 million. – A difficulty adjustment expected on February 8 could cut mining difficulty by around 14%, throwing a lifeline to operators still running machines. CryptoQuant data puts the network hashrate near 970 exahashes per second, down 12% from a peak of roughly 1.1 zettahashes per second in October — the steepest slide since China’s 2021 mining ban . The downturn traces back to early October, when Bitcoin was trading near $126,000. The largest derivatives liquidation event on record kicked off a sell-off that has yet to find a floor. CryptoQuant’s Bull Score Index has since fallen to zero. Miner Revenue Collapses as Block Times Drift Above Target The financial strain on miners has intensified sharply in recent weeks. Daily Bitcoin mining revenue plunged from roughly $45 million to a yearly low of $28 million in late January, driven by a combination of falling prices and severe US winter storms that forced large operators to curtail production. Output from the largest publicly traded miners dropped from roughly 77 Bitcoin per day to just 28 over the same period, according to CryptoQuant. Average block times have drifted to roughly 11.6 minutes , well above the protocol’s 10-minute target, reflecting the volume of hashpower that has gone offline. The Miner Profit and Loss Sustainability Index has slid to 21, confirming that revenues are failing to cover costs for a significant portion of the network. Older models, including the Antminer S19 XP+ and MicroBT M60S, are no longer profitable at current difficulty and standard electricity rates of $0.08 per kilowatt-hour. Even newer S21-series machines are approaching their shutdown price range of $69,000 to $74,000, as previously reported . Difficulty Adjustment Expected to Deliver Sharpest Cut Since 2021 The next Bitcoin difficulty retarget, projected for February 8, is estimated to cut mining difficulty by approximately 14% to around 121 trillion, down from the current 141.67 trillion. If confirmed, it would mark the largest single negative adjustment since mid-2021 and would immediately improve revenue per unit of computing power for miners that remain online. VanEck, the digital assets investment firm, has argued that sustained hashrate declines have historically functioned as contrarian indicators. The firm’s data shows that negative 90-day hashrate growth has been followed by positive 180-day Bitcoin returns 77% of the time, with an average gain of 72%. “When hash rate compression persists over longer periods, positive forward returns tend to occur more often and with greater magnitude,” VanEck analysts Matt Sigel and Patrick Bush wrote in a December research note . AI Pivot and Institutional Retreat Add Layers of Uncertainty Part of the hashrate decline may be structural rather than cyclical. As covered earlier this year , miners including IREN and Core Scientific, have been redirecting capacity toward artificial intelligence and high-performance computing workloads, which offer steadier returns than block rewards in the current margin environment. VanEck estimated that as much as 10% of Bitcoin’s hashrate could eventually shift toward AI permanently. Meanwhile, institutional demand through US spot Bitcoin ETFs has reversed. Research data shows ETFs have become net sellers in early 2026, offloading roughly 10,600 BTC year-to-date compared with purchases of about 46,000 BTC over the same period in 2025. The post Bitcoin Trades 20% Below Production Cost as Miner Profitability Drops to 14-Month Low appeared first on Cryptonews .

5 Feb 2026, 11:36

Bitcoin drops below $70,000 as crypto selloff deepens before U.S. equity market opens

"Extreme fear" grips crypto and metals while U.S. equities show resilience ahead of key earnings.