$BTC
As of February 3, 2026, Bitcoin ($BTC) is weathering one of its most challenging technical and narrative periods in years. After a "violent" weekend of deleveraging, the king of crypto is struggling to reclaim its status as a safe haven while institutional "smart money" and retail sentiment diverge sharply.
The "Digital Gold" Identity Crisis
The biggest story for Bitcoin right now is its decoupling from physical gold.
The Warsh Effect: The nomination of Kevin Warsh as the next Federal Reserve Chair has sparked a "hawkish" re-pricing of the dollar. While gold has surged to record highs above $5,600/oz, Bitcoin has behaved more like a high-beta tech stock, falling roughly 38% from its 2025 peak of $126,100.
Institutional Capitulation: Total liquidations topped $2.5 billion over the past weekend. Even major players are wavering; GameStop recently moved its entire 4,710 BTC treasury to Coinbase, signaling a potential pivot away from Bitcoin as a reserve asset in favor of traditional acquisitions.
The $100k "Whale" Buy: Despite the gloom, ARK Invest (Cathie Wood) notably purchased $65 million worth of BTC today as it dipped below the $100k milestone, reinforcing the long-term institutional belief in a $1.5 million price target by 2030.
Market Snapshot (Feb 3, 2026)
Bitcoin is currently in a "fragile stabilization" phase, attempting to build a base after hitting 9-month lows.#btc #bnb #ETH #sol #Z