Bitcoin is still under pressure. On February 5, BTC dipped near $69,000, its lowest level since October 2024, with volatility spiking.

BTC
BTC
65,554
-2.72%

Price has moved in a wide $69,060–$76,075 range, posting around 8.7% daily losses and nearly 21% weekly declines. The drop was fueled by long liquidations, weakness in tech stocks, and spot Bitcoin ETF outflows.

If BTC can’t reclaim $70,000, downside risk stays active. A strong move back above $70,000 and holding it would be the first sign of stabilization.$BTC

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