NO WORDS, HOW HARSH.
I read chats, comments, media, and everyone is saying what they think: Bitcoin will still drop to $55,000, $50,000, $42,000, $35,000, I actually don't see any positive thoughts. Many are writing - scam, MMM, someone even predicts a reset.
Yes, friends, we must honestly say that February 5 became the day of record records in the crypto market. Record liquidations, record fear index values, record oversold indicators, record losses... Judge for yourself:
- Thus, Bitcoin temporarily dropped to $60,000, returning to the price levels of October 2024 and losing about 14% in one day.
- Over the past day, the market liquidated longs worth $2,114 billion.
- BTC has lost -26% over three weeks, and from the October historical peak, the decline is significant at -45%.
- Yesterday's Bitcoin volatility profile showed 5.65 standard deviations on the 200-day chart. To understand the scale, such volatility has only been achieved 4 times since Bitcoin's inception (July 14, 2010) or 0.07% of all trading days.
- The fear and greed index is at a value of '9' (extreme fear), which is the lowest since June 2022 (since the collapse of Terra LUNA).
- The total cryptocurrency market capitalization has rolled back to the levels of autumn 2024 (approximately 50% lower than the October peak – from $4.4 trillion to $2,295 trillion, losing $800 billion just in January 2026).
I will immediately note that with these facts and positions, I am still not voting for the FINAL BOTTOM, as I am convinced that the market still has surprises for us… Moreover, as history shows, a sharp decline without clear objective reasons usually ends with an equally sharp recovery.
Therefore, I wish all investors and traders patience and calm, and most importantly – to keep the desire to participate in preparing for the upcoming rally. The task now is to see the culmination of sales and the reaction of buyers, after which to work out a good rebound upwards. Well, judging by the pace of decline, the reversal could be quick.