๐จ Crypto Crash: BTC & SOL Test Key Support Levels ๐ฅ๐
Markets are bleeding red on Feb 5, 2026 as Bitcoin , Solana, and Uniswap tumble amid extreme fear and heavy liquidations.
- Bitcoin $BTC : $70,888 (-6.9%) โ Testing $70k support, ETF outflows add pressure
- Ethereum $ETH : $2,113 (-6.6%) โ Weak demand, tracking tech stock slump
- Solana : $91 (-6.7%) โ Briefly dipped below $90, lowest since 2024
- Uniswap (UNI): $3.78 (-3%) โ Smaller decline compared to majors
- Meme coins (SHIB, PEPE, BONK, WIF, POPCAT) โ All sliding 3โ6%
๐ Market Drivers
- ๐ฃ $650M liquidations in 24h (mostly longs)
- ๐ฆ ETF outflows & negative Coinbase premiums
- ๐ Macro headwinds: Hawkish Fed, tech stock weakness
- ๐จ Sentiment: Fear & Greed Index at 12 (extreme fear)
๐ฎ Outlook
- โ ๏ธ Bearish case: Break below $70k โ $65kโ$68k zone
- ๐ Bullish bounce: Hold $72kโ$74k โ Relief rally toward $82kโ$88k
- ๐ฒ Polymarket odds: 82% chance BTC dips under $70k
