{"id":6305,"date":"2026-02-03T20:46:34","date_gmt":"2026-02-03T20:46:34","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6305"},"modified":"2026-02-03T20:46:34","modified_gmt":"2026-02-03T20:46:34","slug":"bitcoin-in-freefall-hitting-lowest-price-since-trump-took-office-as-leverage-turns-a-macro-wobble-into-a-brutal-cascade","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6305","title":{"rendered":"Bitcoin in freefall hitting lowest price since Trump took office as leverage turns a macro wobble into a brutal cascade"},"content":{"rendered":"
<\/p>\n
\n
Bitcoin fell around 8% on Feb. 3, briefly losing the $73,000 level.<\/p>\n
A quick rebound took prices to $74,500 as of press time, dampening the intraday correction to 5.8%. The decline marks the lowest price point in the President Donald Trump administration and the weakest level since the November 2024 Presidential Election.<\/p>\n
The selloff pushed Bitcoin as low as its March 2024 all-time high of $73,500, a level that held through the early stages of the decline but ultimately gave way under sustained selling pressure.<\/p>\n
The move revived a cluster of support zones that traders have monitored as critical technical thresholds for nearly a year.<\/p>\n
Macro risk-off drives crypto lower<\/h2>\n
The crypto weakness is linked to broad risk-off sentiment across markets, sparked by Trump’s nomination of Kevin Warsh as Federal Reserve chair.<\/p>\n
Warsh’s selection stoked concerns about a more hawkish policy mix and tighter financial conditions, pressures that historically weigh on high-beta assets, including cryptocurrencies. A stronger dollar, which typically accompanies such expectations, compounds the headwind for digital assets. The current dollar weakness, however, makes this decline even more painful.<\/p>\n
Microsoft’s Azure growth disappointment added to the selling pressure, souring broader risk sentiment and triggering cross-asset contagion.<\/p>\n
The AI trade wobble demonstrated how crypto remains vulnerable to spillover effects from growth-sensitive technology sectors, particularly when positioning is stretched and liquidity is thin.<\/p>\nBitcoin declined from above $126,000 in early October 2025 to below the $75,000 level by early February 2026, showing sustained downward pressure over the four-month period.<\/figcaption><\/figure>\n
Leverage unwind amplifies decline<\/h2>\n
CoinGlass data shows over $2.5 billion in Bitcoin liquidations in recent days, turning what began as a macro-driven selloff into a cascade of forced selling.<\/p>\n
Thin weekend liquidity exacerbated the selloff that began at $84,000 on Saturday, according to a Bitfinex note.<\/p>\n
The combination of macro triggers and leverage unwinding created conditions in which relatively modest initial selling pressure could force far larger moves, as stop-losses and margin calls compounded the decline.<\/p>\n
Additionally, institutional flows in 2026 have been uneven.<\/p>\n
Exchange-traded fund (ETF) inflows, often followed by outflows during volatility episodes, suggest tactical rebalancing rather than aggressive dip-buying, leaving prices exposed as liquidation pressure accelerates.<\/p>\nUS spot Bitcoin ETF flows showed net outflows on multiple days in January 2026 following inflow streaks, with the largest single-day outflow of $356.6 million recorded on Jan. 21.<\/figcaption><\/figure>\n
The absence of consistent institutional demand meant there was no meaningful buffer when forced selling began.<\/p>\n
Galaxy Digital research also noted that near-term catalysts appear scarce, with diminished odds of legislative progress on market structure acting as a narrative headwind.<\/p>\n
Without clear positive drivers on the horizon, traders lack the conviction to step in aggressively during drawdowns.<\/p>\n
Critical support and resistance levels<\/h2>\n
Bitcoin now trades within a tightly watched technical range.<\/p>\n
\n
<\/div>\n<\/div>\n
The $73,500 level from 2024 and the Feb. 3 intraday low of $72,945 form the immediate support zone.<\/p>\n
IG Markets identifies a broader support band between $73,581 and $76,703, an area associated with prior cycle highs and 2025 lows that has been tested multiple times over the past year.<\/p>\n
CryptoSlate<\/em> also identified several support and resistance levels for 2026 in Akiba’s bear market analysis.<\/p>\n
\n
\n
CryptoSlate Daily Brief<\/span><\/p>\n
Daily signals, zero noise.<\/h3>\n
Market-moving headlines and context delivered every morning in one tight read.<\/p>\n
Akiba’s medium term $49k Bitcoin bear thesis \u2013 why this winter will be the shortest yet<\/h3>\n
Shorter bears, sharper floors: why $49k could print early, and what would flip the tape.<\/p>\n
Nov 24, 2025<\/span> \u00b7<\/span> Liam ‘Akiba’ Wright<\/span><\/p>\n<\/div><\/div>\n
A daily close below this band would increase the probability of follow-through selling toward the next support cluster between $72,757 and $71,725. If that zone fails to hold, the July 2024 peak of around $70,041 becomes the next major downside waypoint.<\/p>\n
On the resistance side, Bitcoin’s reclamation of the 2024 all-time high of $73,500 indicates that buyers are willing to defend the recent breakdown level. The April 2025 trough zone around $74,508 now acts as resistance after previously serving as support.<\/p>\n
Above that, minor resistance sits at $78,300, with the November 2025 low of $80,620 and the psychological $80,000 level forming the next meaningful barrier.<\/p>\n
\n
<\/div>\n
Related Reading<\/span><\/p>\n
I predicted Bitcoin falling to $49k this year and January delivered some very concerning red flags<\/h3>\n
Bitcoin heading to $49k? The \u201cdip\u201d looks worse when the plumbing is already breaking – Akiba’s 2026 bear thesis update<\/p>\n
Jan 30, 2026<\/span> \u00b7<\/span> Liam ‘Akiba’ Wright<\/span><\/p>\n<\/div><\/div>\n
Distinguishing bounce from recovery<\/h2>\n
A single-day rebound does not constitute a durable bottom.<\/p>\n
Historical patterns suggest that sustainable recoveries typically require at least two conditions: repeated daily closes above the $74,500 level, converting the April 2025 reference zone from resistance to support, and evidence that liquidation pressure has faded following the $2.56 billion forced-selling wave.<\/p>\n
Without these confirmations, rallies risk becoming dead-cat bounces into overhead resistance as sellers use strength to exit positions.<\/p>\n
ETF flows must stabilize beyond isolated green days, consistent with the tactical rather than aggressive institutional behavior.<\/p>\n
Two near-term scenarios<\/h2>\n
If Bitcoin holds the $73,000 to $73,445 support zone and reclaims $74,500, the path of least resistance becomes a grind toward $78,300, then the $80,000 to $80,620 range.<\/p>\n
This scenario requires both technical follow-through and the absence of new macroeconomic headwinds.<\/p>\n
Alternatively, a daily close below the $73,581 lower band increases the odds of continuation selling into the $72,757 to $71,725 zone, with the $70,000 level as the next major psychological and technical waypoint.<\/p>\n
This scenario becomes more likely if liquidation pressure remains elevated or if macro conditions deteriorate further.<\/p>\n
Bitcoin’s decline below its 2024 all-time high after nearly a year of holding that level as support constitutes a technical breakdown, shifting the burden of proof to buyers.<\/p>\n
The combination of macro risk-off sentiment, leverage unwinding, and tactical institutional flows created conditions in which support levels that had held for months gave way within hours.<\/p>\n
\n
\n
\nMentioned in this article<\/span><\/header>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
Bitcoin fell around 8% on Feb. 3, briefly losing the $73,000 level. A quick rebound took prices to $74,500 as of press time, dampening the intraday correction to 5.8%. The decline marks the lowest price point in the President Donald Trump administration and the weakest level since the November 2024 Presidential Election. The selloff pushed<\/p>\n","protected":false},"author":1,"featured_media":6306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[91,533,2157,2153,470,549,2154,697,2155,49,283,912,2156],"class_list":{"0":"post-6305","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum","8":"tag-bitcoin","9":"tag-brutal","10":"tag-cascade","11":"tag-freefall","12":"tag-hitting","13":"tag-leverage","14":"tag-lowest","15":"tag-macro","16":"tag-office","17":"tag-price","18":"tag-trump","19":"tag-turns","20":"tag-wobble"},"yoast_head":"\n
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