{"id":6668,"date":"2026-02-16T07:11:43","date_gmt":"2026-02-16T07:11:43","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6668"},"modified":"2026-02-16T07:11:43","modified_gmt":"2026-02-16T07:11:43","slug":"bitcoin-back-in-the-red-as-analysts-warn-60k-is-liquidation-trigger","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6668","title":{"rendered":"Bitcoin Back in the Red as Analysts Warn $60K is \u201cLiquidation Trigger\u201d"},"content":{"rendered":"

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  • Bitcoin is hovering near the US$60,000 psychological level, where approximately US$1.24 billion in \u201cput\u201d options are clustered, creating a potential trigger for market volatility.<\/span><\/li>\n
  • Analysts warn that dropping below this zone could force lenders to automatically sell collateral from Bitcoin-backed loans, potentially causing a \u201cdeleveraging\u201d wave toward the US$40,000 range.<\/span><\/li>\n
  • Following a 47% decline from its October peak, Standard Chartered has slashed its year-end 2026 forecast to US$100,000, citing the risk of a further slide to US$50,000 before a potential recovery.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Bitcoin\u2019s (BTC) options market and loan structures are concentrating attention on the US$60K (AU$91K) level.\u00a0<\/p>\n

    A recent report by Bloomberg, citing Deribit data, shows that the largest cluster of open interest is in put options that pay off if Bitcoin falls below US$60K, with open interest in US$60K puts at about US$1.24 billion (AU$1.90 billion).<\/p>\n

    Just beneath that zone sits Bitcoin\u2019s 200-week moving average, a widely watched long-term technical support level, currently a little above US$58,000 (AU$88,740).<\/p>\n

    \"\"\"\"
    BTC\/USD. Source: TradingView.\u00a0<\/figcaption><\/figure>\n

    Market participants said a drop into that area could trigger automatic collateral sales tied to Bitcoin-backed loans.\u00a0<\/p>\n

    Maxime Seiler, chief executive of digital-asset trading firm STS Digital, told Bloomberg that many loan agreements are structured so lenders sell collateral as prices fall toward those thresholds, potentially accelerating deleveraging.<\/p>\n

    Similarly, IG Australia analyst Tony Sycamore said a sustained break below the US$60K zone could open the door to a deeper pullback toward the high US$40K (AU$56.4K). A further dynamic comes from options positioning. If Bitcoin slides toward or below US$60K, traders who sold puts may hedge by selling spot Bitcoin or futures, adding pressure.<\/p>\n

    Read more: Lawmakers Grill SEC Chair Over Crypto Enforcement Pullback and Trump Ties<\/strong><\/p>\n

    A Rough Couple Of Weeks For Bitcoin (BTC)<\/h2>\n

    Bitcoin briefly tested the US$60,000 area on Feb. 6 before recovering. It was trading around US$67K (AU$102K) at the start of the week, down about 47% from its October peak.\u00a0<\/p>\n

    The broader reversal began late last year, when more than US$19 billion (AU$29.07 billion) in bullish bets were wiped out, and selling intensified again in early February, erasing post-election gains after Donald Trump\u2019s re-election.<\/p>\n

    Bearish calls have also increased. Crypto News Australia recently reported that Michael Burry warned of a potential self-reinforcing \u201cdeath spiral.\u201d Similarly, Standard Chartered cut its end-2026 Bitcoin forecast to US$100K (AU$153K), down from prior projections, and said Bitcoin could fall to US$50K (AU$76.5K) before stabilising.\u00a0<\/p>\n

    In crypto-related equities, Coinbase Global shares rose in early trading as investors looked past a fourth-quarter revenue miss, though the stock remains down roughly 50% over the past 12 months.<\/p>\n

    Related: BlackRock Executive Says 1% Crypto Allocation in Asia Could Unlock Trillions<\/strong><\/p>\n<\/p><\/div>\n

    Bitcoin,Loan#Bitcoin #Red #Analysts #Warn #60K #Liquidation #Trigger1771225903<\/p>\n","protected":false},"excerpt":{"rendered":"

    Bitcoin is hovering near the US$60,000 psychological level, where approximately US$1.24 billion in \u201cput\u201d options are clustered, creating a potential trigger for market volatility. Analysts warn that dropping below this zone could force lenders to automatically sell collateral from Bitcoin-backed loans, potentially causing a \u201cdeleveraging\u201d wave toward the US$40,000 range. Following a 47% decline from<\/p>\n","protected":false},"author":1,"featured_media":6669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[2253,757,91,364,2007,902,1108],"class_list":["post-6668","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-60k","tag-analysts","tag-bitcoin","tag-liquidation","tag-red","tag-trigger","tag-warn"],"yoast_head":"\nBitcoin Back in the Red as Analysts Warn $60K is \u201cLiquidation Trigger\u201d - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=6668\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Back in the Red as Analysts Warn $60K is \u201cLiquidation Trigger\u201d\" \/>\n<meta property=\"og:description\" content=\"Bitcoin is hovering near the US$60,000 psychological level, where approximately US$1.24 billion in \u201cput\u201d options are clustered, creating a potential trigger for market volatility. 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