February 2 News, the cryptocurrency market experienced accelerated selling pressure, with Bitcoin briefly dropping to $74,550, hitting a nearly 10-month low. Ethereum, XRP, and Dogecoin also weakened simultaneously, with major assets all declining across the board. The Fear and Greed Index fell to 14, entering the “Extreme Fear” zone. The total market capitalization of digital assets retreated to approximately $2.53 trillion, evaporating over $510 billion in the short term.
Risk assets generally came under pressure. US stock index futures declined, with tech-heavy indices opening lower; precious metals also weakened, with gold falling over 8% in three trading days. Multiple signals combined to heighten risk-averse sentiment among investors.
Bitcoin retraced about 5%–6 on the day—main factors include US fiscal uncertainty, geopolitical tensions, escalating tariff disputes, and tightening liquidity expectations. Previously, news of Trump nominating Kevin Warsh as Federal Reserve Chair was interpreted by the market as a hawkish signal, suggesting a potential slowdown in future rate cuts, putting pressure on risk assets.
Derivatives markets experienced a “liquidation cascade.” In the past 24 hours, approximately $800 million in positions were forcibly liquidated across the market, with over 200,000 traders exiting, the majority of whom were long positions. The concentrated stop-losses in a short period further amplified the downward movement.
From a technical perspective, Peter Brandt lowered Bitcoin’s target range to around $54,000; Rekt Capital pointed out that after the monthly chart broke below a key structure, the trend remains weak. Ali Martinez indicated that Ethereum’s key support levels are at $2,250 and $2,100, while for XRP, attention is on $1.38 and $1.02.
Capital flows are also under pressure. Spot Bitcoin and Ethereum-related products continue to see outflows, combined with a tightening macro environment, leading to a clear lack of confidence in a short-term rebound. Some institutions and large addresses have begun to buy back in batches, but overall, deleveraging remains dominant.
The current trend shows that BTC, ETH, XRP, and DOGE are still in a high-volatility phase. If key supports are broken, the market may test lower levels. Investors should pay attention to liquidity changes and policy signals that could trigger chain reactions.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
OG Dumps Approximately $72 Million in BTC, Bitcoin Whale Influx into Exchange Sends Strong Selling Pressure Signal
Recently, multiple early Bitcoin holders have concentrated on selling, attracting market attention. A whale address sold 1,000 BTC, early investor Owen Gunden offloaded approximately 650 BTC, impacting market sentiment. Bitcoin's price declined by about 4.5%, with long-term holders' position reduction combined with macro uncertainty putting pressure on short-term momentum. Analysis suggests that whales transferring to exchanges may signal subsequent selling pressure.
GateNews24m ago
Fold Loses 69.6 Million Annually, Pivots Strategy, Bets on Bitcoin Credit Card Expansion
Bitcoin financial services company Fold reported a net loss of $69.6 million in its 2025 report, with the stock price falling to $1.07. The company will launch a Bitcoin rewards credit card as a core strategy to expand its customer base and continues to push forward in enterprise solutions, but the widening losses are mainly due to business expansion costs and debt repayment. Fold currently holds 1,527 Bitcoins, indicating its long-term development direction.
MarketWhisper25m ago
"Rich Dad Poor Dad" Author Predicts Bitcoin Will Rise to $750,000, Gold May Reach $35,000 Per Ounce
Robert Kiyosaki stated on social media that traditional financial bubbles are about to burst, predicting that Bitcoin will rise to $750,000 in the future and gold will climb to $35,000 per ounce. While his predictions have drawn attention, he has failed to deliver on them multiple times throughout history.
GateNews26m ago
"Strategy Counterparty" Address Closes Oil and Gas Long Positions Then Increases Crypto Short Positions, Holdings Reach $105 Million
According to Hyperinsight monitoring, on March 19th, the "Strategy Counterparty" address closed out all CL and NATGAS long positions and instead increased BTC and ETH short positions. The current position size has reached $105 million, but still retains $4.32 million of Brent crude oil long positions.
GateNews37m ago
BTC Falls 0.50% in 15 Minutes: Large Position Transfers and Long Liquidations Trigger Cascading Decline
On March 19, 2026, from 04:00 to 04:15 (UTC), the BTC price declined by 0.50% within the short-term window, with an amplitude of 0.68%, and a price range of 70,729.6 to 71,214.1 USDT. Market attention significantly increased, with spot and derivatives trading volumes expanding simultaneously. Short-term activity became more active, and market sentiment turned slightly cautious.
The main driver of this movement was the transfer of approximately 2,800 BTC from large on-chain holdings to exchange hot wallets between 04:05 and 04:10, which triggered large sell-offs in the spot market. Liquidity pressure rose, directly pushing the price down.
GateNews1h ago
Data: BTC breaks through $74,643, with the liquidation strength of major CEX short positions reaching $1.842 billion
Gate News reports that on March 19, according to Coinglass data, if BTC breaks through $74,643, the cumulative short liquidation intensity across mainstream CEX will reach $1.842 billion. Conversely, if BTC falls below $67,727, the cumulative long liquidation intensity across mainstream CEX will reach $1.172 billion.
GateNews1h ago
