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7 Feb 2026, 06:10

Bitcoin Price Plummets: Key Digital Asset Dips Below Crucial $70,000 Threshold

BitcoinWorld Bitcoin Price Plummets: Key Digital Asset Dips Below Crucial $70,000 Threshold Global cryptocurrency markets witnessed a significant shift on April 10, 2025, as the flagship digital asset, Bitcoin (BTC), broke below the psychologically important $70,000 support level. According to real-time data from Bitcoin World market monitoring, BTC traded at $69,977.61 on the Binance USDT perpetual futures market during the Asian trading session. This movement represents a pivotal moment for traders and long-term holders alike, potentially signaling a new phase of market consolidation or correction following a prolonged period of bullish momentum. Consequently, analysts are scrutinizing on-chain data and macroeconomic indicators to gauge the move’s sustainability. Bitcoin Price Action and Immediate Market Context The descent below $70,000 marks a retreat from levels not seen since early March 2025. Market depth charts from major exchanges like Coinbase and Kraken show substantial sell orders clustered around the $70,500 to $71,000 range, which ultimately acted as resistance. Meanwhile, the 24-hour trading volume for Bitcoin pairs surged by approximately 35% during the decline, indicating heightened participation. Typically, such volume spikes accompany major technical breaks. Furthermore, the broader cryptocurrency market cap followed suit, shedding nearly 3.2% in tandem with Bitcoin’s drop. Several immediate factors contributed to this price action. First, unexpected outflows from U.S.-listed spot Bitcoin ETFs totaled $842 million over the preceding three days, according to fund flow data. Second, strengthening U.S. dollar index (DXY) readings pressured dollar-denominated risk assets globally. Third, options market data revealed a large concentration of put options with a $70,000 strike price expiring this Friday, creating natural hedging pressure. These converging elements created a perfect storm for the downside move. Technical Analysis and Key Support Levels From a technical perspective, the $70,000 level had served as both support and resistance multiple times throughout Q1 2025. A sustained break below it now opens the path toward the next significant support zones. Analysts are closely watching the 50-day simple moving average, currently near $68,200, and the 200-day SMA near $62,500. The Relative Strength Index (RSI) on the daily chart has dipped into neutral territory at 48, suggesting the selling momentum may not yet be extreme. However, the Moving Average Convergence Divergence (MACD) histogram has turned negative for the first time in six weeks. Bitcoin Key Technical Levels (April 10, 2025) Level Price Significance Immediate Resistance $71,500 Previous support turned resistance Current Price $69,977.61 Below psychological $70k First Support $68,200 50-day Simple Moving Average Major Support $65,000 Q1 2025 consolidation zone Long-term Support $62,500 200-day Simple Moving Average Historical Precedents and Cycle Analysis Bitcoin’s history is replete with similar corrections during bull market phases. For instance, the 2021 bull run experienced at least five separate pullbacks exceeding 20% before reaching its eventual cycle high. The current decline from the recent local high of $73,800 represents a drawdown of roughly 5.2%, which remains within the range of typical healthy retracements. Veteran market observers often cite the “wall of worry” phenomenon, where periodic sell-offs shake out weak hands and strengthen the foundation for future advances. On-chain metrics provide a more nuanced view than price alone. The Net Unrealized Profit/Loss (NUPL) metric, which tracks the overall profit/loss state of the network, recently entered the “Belief” phase, where investors are generally in profit but not yet euphoric. Historically, this phase allows for volatility as early investors take profits and new buyers establish positions. Additionally, the Spent Output Profit Ratio (SOPR) for short-term holders dipped slightly below 1.0, indicating that coins moved recently were sold at a minor loss on average—a potential sign of capitulation. Exchange Net Flow: Data shows a net inflow of 12,000 BTC to exchanges over the past week, suggesting some holders moved coins to sell. Miner Reserves: Miner-held Bitcoin balances remain stable, indicating no large-scale selling from this key cohort. Long-term Holder Supply: The amount of BTC held by entities for over 155 days continues to climb, signaling strong conviction. Macroeconomic Crosscurrents Impacting Crypto The cryptocurrency market does not operate in a vacuum. Broader financial conditions heavily influence asset prices. Recently, shifting expectations around U.S. Federal Reserve interest rate policy have introduced volatility. Stronger-than-expected employment data and persistent inflation readings have led markets to price in fewer rate cuts for 2025 than previously anticipated. Higher for longer interest rates generally strengthen the U.S. dollar and increase the opportunity cost of holding non-yielding assets like Bitcoin. Therefore, traditional finance flows have become a critical variable for crypto valuations. Simultaneously, regulatory developments continue to shape the landscape. Progress on clear crypto legislation in the U.S. Congress has been slower than the industry hoped, creating uncertainty. Conversely, adoption milestones, such as another major asset manager filing for a spot Ethereum ETF, provide counterbalancing positive narratives. The interplay between these macro forces creates a complex environment where price discovery becomes increasingly linked to traditional market sentiment. Institutional Behavior and ETF Flows The launch of U.S. spot Bitcoin ETFs in January 2024 fundamentally altered market structure. These regulated vehicles now represent a significant source of daily demand—or supply. Recent flow data reveals a three-day streak of net outflows totaling the aforementioned $842 million. This marks the most substantial withdrawal since February 2025 and contrasts sharply with the consistent inflows seen throughout most of Q1. Analysts interpret this as profit-taking by some institutional investors after a strong quarterly performance, rather than a loss of fundamental conviction. The Grayscale Bitcoin Trust (GBTC), which converted to an ETF, experienced outflows of $302 million on the day of the price drop. However, other issuers like BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) saw modest inflows, demonstrating divergent strategies among different investor groups. This activity highlights the growing sophistication of the Bitcoin market, where diverse participants with varying time horizons and mandates now interact. Their collective actions create a more mature, albeit complex, price discovery process. Expert Perspectives on Market Health Market analysts emphasize the importance of context. “A 5-10% pullback in a bull market is not only normal, it’s necessary,” noted a senior strategist at a digital asset fund, speaking on condition of anonymity due to company policy. “It resets leverage, tests conviction, and builds a stronger base. The key metrics to watch are derivative funding rates and the stability of long-term holder supply.” Indeed, funding rates for perpetual futures contracts have normalized to slightly positive levels after being excessively high, reducing systemic leverage risk. Another analyst from a blockchain data firm pointed to on-chain resilience. “Despite the price drop, the number of addresses holding 1+ BTC continues to reach new all-time highs. This retail and high-net-worth accumulation during dips is a classic hallmark of a market building underlying strength,” they explained. This perspective suggests the current move may represent a transfer of assets from short-term traders to long-term believers, a process that often precedes the next leg up in a secular trend. Potential Trajectories and Risk Management Looking ahead, market participants are mapping potential scenarios. The bullish case hinges on the $68,200 support (50-day SMA) holding, followed by a consolidation period and eventual reclaim of $70,000 as support. This would validate the move as a routine bull market correction. The neutral case involves a longer range-bound period between $65,000 and $72,000, allowing time for fundamentals to catch up with price. The bearish scenario, considered less probable by many analysts given the prevailing macro tailwinds like impending Bitcoin halving effects, would involve a break below $65,000 toward the $60,000 region. For investors, risk management principles become paramount during volatile periods. Diversification across asset types, avoiding excessive use of leverage, and focusing on multi-year time horizons are strategies frequently recommended by financial advisors familiar with crypto’s volatility. Furthermore, employing dollar-cost averaging (DCA) can mitigate the impact of timing the market incorrectly. The current environment serves as a reminder that while Bitcoin offers significant potential returns, its path is rarely linear. Conclusion Bitcoin’s breach below the $70,000 mark on April 10, 2025, serves as a critical moment for market evaluation. Driven by a combination of ETF outflows, a stronger dollar, and options market mechanics, the move reflects the growing integration of cryptocurrency with traditional finance. However, key on-chain metrics and historical patterns suggest this may be a healthy correction within a larger bullish trend rather than a cycle reversal. The Bitcoin price action will now test important technical support levels, with the behavior of long-term holders and institutional flows providing crucial signals for the market’s next direction. Ultimately, such volatility underscores the asset’s maturing yet still dynamic nature within the global financial ecosystem. FAQs Q1: Why did Bitcoin fall below $70,000? The drop resulted from several concurrent factors: significant net outflows from U.S. spot Bitcoin ETFs over three days, a strengthening U.S. dollar index pressuring risk assets, and hedging activity around a large cluster of $70,000 strike put options expiring soon. Q2: Is this a normal occurrence in a Bitcoin bull market? Yes, historically. Bull markets for Bitcoin are characterized by periodic sharp corrections, often between 20-30%. The current ~5% pullback from the recent high is relatively shallow compared to past mid-cycle drawdowns. Q3: What are the key support levels to watch now? Analysts are monitoring the 50-day simple moving average near $68,200, the psychological $65,000 level (a previous consolidation zone), and the 200-day simple moving average near $62,500. Q4: How have Bitcoin ETFs impacted this price movement? ETF flows have become a major price driver. Recent net outflows, particularly from the Grayscale GBTC fund, contributed to selling pressure. However, other ETFs like those from BlackRock and Fidelity saw inflows, showing diverse institutional behavior. Q5: What does on-chain data say about long-term investor sentiment? Key on-chain metrics remain resilient. The number of addresses holding 1+ BTC continues to hit record highs, and the supply held by long-term holders (coins unmoved for 155+ days) is still increasing, suggesting strong conviction despite the price drop. This post Bitcoin Price Plummets: Key Digital Asset Dips Below Crucial $70,000 Threshold first appeared on BitcoinWorld .

7 Feb 2026, 06:07

Dogecoin Price Prediction: DOGE Bulls Target $0.15 After Bitcoin-Driven Rally

Dogecoin has surged from a critical support level, riding Bitcoin's momentum in what appears to be a decisive break from weeks of downward pressure. The meme coin bounced sharply from the $0.08 zone, marking a potential shift in market structure after extended consolidation. The cryptocurrency had been trapped in a descending channel for several weeks. Bears maintained control as price action consistently formed lower highs and lower lows. Volume declined during the descent, suggesting weakening seller conviction. This pattern reached a climax near the $0.08 support zone, where buyers finally stepped in with force. At the time of writing, Dogecoin trades at around $0.09831, suggesting a 6.29% increase in the last 24 hours. The memecoin, however, is down 14.17% over the past week. Bitcoin's simultaneous rally provided the catalyst Dogecoin needed. The correlation between the two assets remains strong, with major altcoins typically following Bitcoin's directional moves. This time proved no different. As Bitcoin gained strength, capital flowed back into risk assets across the crypto market. Critical Levels Define Next Move The $0.13 mark is now the pivotal battleground for bulls and bears. A daily close above this threshold would confirm a structural shift from bearish to bullish territory. Traders are watching this level closely as it represents the upper boundary of the recent descending channel. Holding above $0.13 on a daily timeframe would validate the breakout. Such confirmation typically attracts additional buying pressure from traders who wait for clear signals before entering positions. The move would also trap short sellers who bet on continued weakness, potentially triggering a short squeeze. Technical indicators are showing early signs of momentum reversal. The Relative Strength Index has climbed from oversold territory. Moving averages remain bearish but could flip if price sustains above key levels. Chart patterns suggest accumulation occurred near the lows. Path to $0.15 and Beyond If bulls maintain control above $0.13, the next target sits at $0.15. This represents a modest gain but would mark significant progress after weeks of decline. The zone offers minimal resistance based on historical price action and volume profiles. More ambitious projections point toward $0.21 as an intermediate-term target. This level hosted significant selling pressure during previous rallies. Order books show heavy resistance clustered around this price point. Breaking through would require sustained buying pressure and favorable market conditions. The $0.21 scenario depends heavily on Bitcoin's stability. Any sharp correction in Bitcoin would likely derail Dogecoin's rally. The correlation means Dogecoin traders must monitor Bitcoin charts as closely as their own. Macro crypto sentiment remains the dominant force driving price action.

7 Feb 2026, 06:05

China’s central bank bought gold for the 15th straight month, adding 40,000 troy ounces in January

China’s central bank has kept buying gold for 15 straight months, even as the entire precious metals market took a nosedive at the end of January. The People’s Bank of China added 40,000 troy ounces to its reserves in January. That’s the latest addition since it started its buying streak back in November 2024. While China kept loading up, the rest of the market got crushed. Gold and silver hit record highs in January after waves of speculative bets pushed prices up too fast. Then everything fell apart. On January 30, gold dropped 10% in a single day. Silver fell even harder, down 16%. Copper also got slammed, dropping 5.7% during the same session. That morning was one of the worst for metals in years. Prices have tried to bounce back, but the entire market is still shaky. US hedge funds cut positions as traders get wiped out As the crash unfolded, speculators ran for the exit. Hedge funds and big traders dumped gold fast. Bullish positions were cut by 23% in just one week. That left net-long positions at 93,438 contracts, the lowest in over three months, based on U.S. trading data through February 3. That was the biggest drop since October. While traders were dumping gold, central banks were still stacking. Global official purchases reached over 860 tons in 2025. That’s down from the 1,000-ton pace seen in each of the last three years, but it’s still a heavy total. The World Gold Council expects more steady buying this year, with China clearly leading the charge. Back on the mainland, things weren’t much calmer. Gold-backed ETFs in China saw their worst day ever for withdrawals. On Tuesday, the four biggest ETFs (Huaan Yifu, Bosera, E Fund, and Guotai) lost about 6.8 billion yuan, which is close to $980 million. It was their second day in a row of big outflows, right after taking in record inflows earlier that same week. As retail buyers panicked, Chinese banks started putting new rules in place. On Friday, China Construction Bank said it would raise the minimum deposit on its gold savings accounts starting Monday. The bank also told customers to be more careful and think about risk before throwing money at gold. At the same time, Industrial and Commercial Bank of China rolled out quota limits for its Ruyi Gold Savings program, especially during the upcoming Lunar New Year holidays. Exchanges are also stepping in, introducing new limits and restrictions aimed at cooling off the wild price swings across metal markets, not just in gold. Still, there’s no real panic yet. In Shuibei, a major silver trading hub, dealers said more people were selling than buying over the weekend, but not in a panic. Prices for silver there are still trading above the official exchange levels, which means there’s still demand. If you're reading this, you’re already ahead. Stay there with our newsletter .

7 Feb 2026, 06:05

Bitcoin Google Searches Skyrocket to 1-Year High as BTC Price Plunges Below $60K

BitcoinWorld Bitcoin Google Searches Skyrocket to 1-Year High as BTC Price Plunges Below $60K Global cryptocurrency markets witnessed a significant behavioral shift on February 1, 2025, as Bitcoin Google searches surged to their highest level in twelve months, coinciding with BTC’s dramatic price decline below the $60,000 threshold. This correlation between search volume spikes and price movements reveals crucial insights into retail investor psychology and market dynamics. According to verified Google Trends data analyzed by Cointelegraph, the search index for Bitcoin hit 100, marking its absolute peak for the preceding year. The previous comparable high occurred around November 2025 when Bitcoin briefly traded below $100,000, establishing a clear pattern of heightened public attention during market corrections. Bitcoin Google Searches and Market Volatility Correlation Google Trends data provides a transparent window into public interest and sentiment. The platform’s search index operates on a scale from 0 to 100, where 100 represents the peak popularity for a term within a selected region and timeframe. Consequently, Bitcoin achieving an index of 100 on February 1 indicates maximum relative search volume compared to any other day in the previous year. This surge directly corresponded with Bitcoin’s price dropping to approximately $60,000 before experiencing a notable rebound above $70,000. Market analysts consistently observe that retail investors frequently increase information-seeking behavior during price declines, potentially viewing dips as buying opportunities or seeking explanations for market movements. Historical data reveals similar patterns during previous market cycles. For instance, during the 2022 bear market, Bitcoin search volumes peaked alongside significant price drops. However, the February 2025 search spike represents the highest interest level since November 2025’s $100,000 price breach. This data suggests evolving retail engagement patterns, possibly indicating broader mainstream adoption where price movements trigger immediate public reaction. The relationship between search volume and trading volume often demonstrates correlation, though causation requires careful interpretation. Market infrastructure developments, including simplified trading platforms and enhanced regulatory clarity by 2025, likely contribute to this accelerated response mechanism. Analyzing Retail Investor Behavior Patterns Financial behavior specialists identify several key factors driving search volume increases during market declines. First, existing investors monitor their portfolios more actively during volatility, seeking news and analysis. Second, prospective investors research entry points, potentially viewing price drops as discounted buying opportunities. Third, media coverage amplifies during significant price movements, creating a feedback loop that increases public awareness. The “fear of missing out” (FOMO) phenomenon often manifests during rapid price recoveries, like Bitcoin’s rebound above $70,000 following the dip. This psychological factor can drive additional searches from individuals concerned about missing potential gains. Demographic data from various analytics platforms indicates broadening interest beyond traditional cryptocurrency enthusiasts. Searches for “how to buy Bitcoin” and “Bitcoin price prediction” typically increase alongside broader Bitcoin searches. This pattern suggests newcomers entering the market during volatility periods. Educational content consumption also rises, with platforms reporting increased engagement with explainer videos and beginner guides. The geographic distribution of searches provides additional insights, with regions showing varied responses based on local market maturity and regulatory environments. Bitcoin Search Volume vs. Price Events (2024-2025) Date Google Search Index Bitcoin Price Key Event Nov 2024 85 $98,500 Approaching $100K resistance Jan 2025 72 $75,200 Consolidation phase Feb 1, 2025 100 $59,800 (low) Break below $60K support Previous High (Nov 2025) 100 $99,400 Brief dip below $100K Expert Analysis of Market Sentiment Indicators Market analysts emphasize that search volume represents just one component of comprehensive sentiment analysis. Trading volume, social media mentions, derivatives market data, and on-chain metrics provide complementary perspectives. The simultaneous examination of these indicators offers a more complete picture of market psychology. For example, increased search volume combined with rising exchange inflows might suggest selling pressure, while the same searches with accumulation patterns could indicate buying interest. The February 2025 event demonstrated particular significance because it occurred amidst generally positive longer-term fundamentals, including institutional adoption milestones and technological developments. Behavioral finance researchers note that retail investors often exhibit reactive rather than proactive patterns. Search volume typically peaks after price movements rather than anticipating them. This lag suggests most retail participants respond to market events rather than predict them. However, sophisticated traders monitor search trends as a contrarian indicator, since extreme search volume sometimes coincides with market exhaustion points. The relationship between search data and actual trading activity requires nuanced interpretation, as not all searchers become traders. Nevertheless, the correlation remains statistically significant across multiple market cycles. Cryptocurrency Market Volatility and Information Seeking Bitcoin’s inherent volatility creates natural conditions for periodic search spikes. The digital asset’s price regularly experiences fluctuations exceeding 5% within single trading sessions. These movements naturally attract attention from both financial media and individual investors. The February 2025 decline below $60,000 represented approximately a 20% correction from recent highs, triggering predictable increases in information-seeking behavior. Market structure developments by 2025, including improved liquidity and more sophisticated risk management tools, have somewhat reduced extreme volatility but preserved the asset’s characteristic price discovery process. Several specific factors likely contributed to the exceptional search volume recorded on February 1: Technical Level Breach: The $60,000 level represented significant psychological and technical support Media Amplification: Major financial outlets extensively covered the price movement Options Market Activity: Large options expiries around this price level increased market attention Macroeconomic Context: Broader financial market conditions influenced cryptocurrency sentiment Regulatory Developments: Ongoing global regulatory discussions affected investor uncertainty The rapid recovery above $70,000 following the dip likely amplified search activity further. Investors who missed the initial dip potentially searched for information about whether the recovery would continue or represent a temporary bounce. This pattern demonstrates how single market events can generate multiple waves of search activity corresponding to different price movements and investor questions. The availability of real-time data through numerous platforms enables this immediate response, contrasting with traditional markets where information dissemination historically occurred more slowly. Comparative Analysis with Traditional Asset Searches Bitcoin’s search patterns differ significantly from those of traditional assets like stocks or commodities. Cryptocurrency searches demonstrate higher volatility and stronger correlation with price movements. This difference reflects several structural factors including continuous 24/7 markets, different participant demographics, and distinct information ecosystems. Traditional assets typically show more stable search patterns except during major events like earnings reports or economic announcements. The comparative analysis reveals Bitcoin’s unique position as both a technological phenomenon and financial asset, attracting searches for both investment and educational purposes. Regional search patterns provide additional insights into global cryptocurrency adoption. Historically, developed markets showed stronger correlations between search volume and price movements. By 2025, emerging markets demonstrate increasing sensitivity as well, reflecting broader global participation. Countries with favorable regulatory environments or significant remittance usage often show particularly strong search responses to Bitcoin price movements. These geographic variations highlight cryptocurrency’s evolving global footprint and diverse use cases beyond speculative investment. Conclusion The February 2025 surge in Bitcoin Google searches to a one-year high during the price decline below $60,000 illustrates the continuing evolution of cryptocurrency market dynamics. This event demonstrates persistent patterns of retail investor behavior during volatility while reflecting broader mainstream adoption. The correlation between search volume spikes and significant price movements provides valuable data for understanding market sentiment and participant psychology. As cryptocurrency markets mature, monitoring these behavioral indicators alongside traditional financial metrics offers increasingly important insights. The Bitcoin Google searches phenomenon ultimately highlights the digital asset’s growing integration into global financial consciousness and the ongoing democratization of market participation through accessible information and trading platforms. FAQs Q1: What does a Google Trends index of 100 mean for Bitcoin searches? The index represents relative search interest on a scale from 0 to 100. A value of 100 indicates peak popularity for the term during the selected timeframe and region, meaning February 1, 2025, saw the highest Bitcoin search volume compared to any other day in the previous twelve months. Q2: Why do Bitcoin searches increase when the price drops? Several factors contribute to this pattern: existing investors monitoring portfolios more closely during volatility, potential buyers researching entry points at perceived discounts, increased media coverage during significant price movements, and general public curiosity about market developments. Q3: How does the February 2025 search spike compare to previous events? The February 2025 search volume matched the previous yearly high from November 2025 when Bitcoin briefly traded below $100,000. Both events coincided with Bitcoin breaking significant psychological price levels, suggesting these thresholds trigger disproportionate public attention. Q4: Do increased searches always lead to more Bitcoin buying? Not necessarily. While search volume correlates with trading activity, not all searchers become traders. Some seek information without transacting, while others might be researching for selling decisions. Market analysts consider search data alongside other indicators like exchange flows and on-chain metrics. Q5: How has Bitcoin search behavior changed over time? Search patterns have evolved with market maturation. Earlier cycles showed more extreme spikes concentrated among enthusiasts, while recent patterns demonstrate broader demographic participation and quicker responses to price movements, reflecting improved market infrastructure and mainstream awareness. This post Bitcoin Google Searches Skyrocket to 1-Year High as BTC Price Plunges Below $60K first appeared on BitcoinWorld .

7 Feb 2026, 06:00

Bitcoin – Is MARA’s $87M BTC move more evidence of miner distress?

Ongoing miner distress may derail BTC recovery.

7 Feb 2026, 06:00

Kevin Warsh Will Trigger Bitcoin Regime Shift, Jeff Park Says

Bitcoin’s roughly 50% drawdown has less to do with cycle déjà vu than a deeper break in the market’s old playbook, according to Jeff Park, partner and CIO at ProCap Financial, who argues a prospective Kevin Warsh-led Federal Reserve could catalyze a regime shift in how Bitcoin trades. In an conversation with Anthony Pompliano, Park said he believes Bitcoin has been in a bear market “for quite a bit,” and warned that the familiar reflexive framework, easier policy, more liquidity, higher BTC, has stopped doing the explanatory work it once did. What Kevin Warsh Means For Bitcoin Park’s starting point was a blunt claim: the assumed linkage between Bitcoin and global liquidity has “been broken for quite some time.” He pointed to what he described as steadily rising global liquidity through 2025, citing Michael Howell’s tracking and estimating the level at roughly $170 trillion, alongside broad-based strength in other asset classes. “Asset prices have all gone up,” Park said, referencing a “frenzied rally” in metals and corporate credit spreads near all-time lows, before adding: “there actually is a lot of reasons to think that Bitcoin should have also already participated, but it didn’t.” Related Reading: Bitcoin Crash On Feb. 5 Was Historic: The Numbers Behind The Selloff That divergence, he argued, is why investors should stop leaning on backward-looking heuristics that have become psychological crutches. In his telling, crypto markets have repeatedly assumed history would re-run—altcoin rallies after bitcoin rallies, a durable four-year cycle, and the idea that QE or lower rates reliably lift BTC. “It’s worth remembering that there’s things that are constantly changing about the world where everything looks a little bit different than the way you had modeled it before,” he said. From there, Park reframed the debate around his “negative rho” versus “positive rho” Bitcoin framework. The former is the risk-asset version most investors recognize: rates down, risk up, Bitcoin up. The latter is the endgame: Bitcoin rising as rates rise, effectively challenging the notion of a stable “risk-free” rate by calling into question the credibility of the monetary order itself. “This is the mythical elusive perfect holy grail of what Bitcoin is meant to be,” Park said of positive-rho Bitcoin. “What it’s undermining is the risk-free rate itself. In that world, what we’re saying is actually because the risk-free rate is not the risk-free rate. Because the dollar hegemony is not the dollar hegemony and we are no longer able to price the yield curve in the ways we’ve known that means we need something different… and bitcoin is that hedge.” Park suggested the market may be inching toward that worldview as US policymaking becomes more explicitly about system repair, not incremental tweaks. He described the current US administration as attempting to “wrestle control of the economy away from the Federal Reserve” via deregulation, tax cuts, tariffs, and efforts to weaken the dollar, leaving the Fed “on their back foot” amid shifting “tectonic plates” across policy channels. Absolutely enjoyed recording this, even though we of course wish prices were higher. For those who have been listening to our show (monthly going forward), the fact that we are in a bear market won’t come as a big surprise. Still, Bitcoin can survive all this! Listen below 👇 https://t.co/JSrKOw5QLY — Jeff Park (@dgt10011) February 5, 2026 That’s where Park placed Warsh, a former Fed governor and, in Park’s telling, a rare combination of institutional fluency and technological conviction, as potentially pivotal. Park recounted an interaction from 2021 or 2022 in which Warsh expressed enthusiasm for Bitcoin while criticizing “phonies” who treat tech as “magic.” Warsh, Park said, “truly believed deep in his heart that this isn’t magic… that it actually is going to solve a lot of problems and bring efficiencies and Bitcoin is a core part of that cultural fabric.” Related Reading: PlanB Lays Out Four Bitcoin Bear-Market Scenarios Crucially, Park emphasized Warsh is not an anti-institution wrecking ball. Instead, he portrayed Warsh as someone who understands why the Fed’s legitimacy has been challenged and how it might be rebuilt. One line, Park said, has “always stuck” with him: “inflation is a choice.” Park contrasted that with Fed communication that, in his view, sometimes treats inflation as something that merely happens due to tariffs or war, rather than an outcome of policy tools and mandates. For Park, a Warsh appointment matters less because it guarantees easier policy and more because it could accelerate a rethink of Fed–Treasury coordination. He said he is “optimistic about the possibility of a new Fed Treasury accord that Bessant and Warsh can rewrite,” arguing the heart of the issue is the Triffin dilemma and the tension between the dollar’s external reserve role and internal saver role. “It’s not that we need fed independence,” Park said. “We actually need Fed interdependence with the Treasury.” The irony, in Park’s framing, is that “more accommodative policies may in fact actually not be the catalyst” for Bitcoin’s next bull phase. Instead, he argued Bitcoin’s bid ultimately strengthens when the world feels less like “peacetime” and more like “wartime”, when industrial, military, and fiscal policy dominate, centralization pressures rise, and capital controls become more plausible. The people who “need Bitcoin,” he said, are not US investors with endless alternatives, but those facing constraint and censorship. If Park is right, Warsh isn’t bullish for Bitcoin because he’ll deliver a familiar liquidity wave. He’s bullish because a Warsh-era Fed, paired with a Treasury aligned on system-level reform, could push markets toward the “positive rho” regime, where Bitcoin’s value proposition is less about riding stimulus and more about challenging the architecture that made stimulus necessary in the first place. At press time, BTC traded at $66,396. Featured image created with DALL.E, chart from TradingView.com