On 2 February 2026, the Bitcoin price today reflected a sharp downturn: BTC tumbled below the key psychological $80,000 level and traded near $75,000–$77,000 — its lowest point since April 2025 amid heavy selling pressure, massive liquidations of leveraged positions, and market reaction to the U.S. Federal Reserve chair nomination.
Here’s the verified, up-to-date breakdown of what happened, why it’s happening, and what Bitcoin traders and investors should know now.
Bitcoin Price Today (Feb 2 2026)
- BTC price level: Roughly $75,000–$77,000 at the latest update, dipping as low as $74,600 intraday.
- Loss from peak: Around 35–40 % off its October 2025 highs (~$125,000).
- Market behavior: Continued sell-offs and liquidations, with more than $2.5 billion of leveraged BTC long positions liquidated in recent sessions.
This isn’t just a technical blip. It’s a multi-factor correction driven by macro, liquidity, and sentiment shifts.
Why Bitcoin Has Crashed Below $80,000 — Verified Drivers
Understanding the current Bitcoin price action requires separating macro fundamentals from market mechanics. Multiple verified trends are converging:
1. Federal Reserve Leadership Shift & Macro Signals
Markets reacted sharply when Kevin Warsh was nominated as the next U.S. Federal Reserve Chair — a development that strengthened expectations of tighter liquidity and a stronger U.S. dollar, both of which weigh on risk assets like Bitcoin.
- Warsh’s reputation (historically more cautious on expanding the Fed’s balance sheet) raised concerns over future monetary policy.
- A stronger dollar makes non-yielding assets like Bitcoin and gold less attractive.
This macro backdrop pressured BTC below major support levels, triggering technical sell signals.
2. Massive Liquidations and Deleveraging
The most quantitatively visible catalyst was a wave of forced liquidations:
- Over $2.5 billion in leveraged BTC positions were wiped out across exchanges as prices plunged.
- Long traders (those betting prices would rise) bore the brunt of these closures.
Liquidations create self-reinforcing selling pressure — as positions are closed, prices are pushed lower, triggering further stops and liquidations.
3. Weak Liquidity and Risk-Off Sentiment
Crypto liquidity has thinned significantly:
- Lower bid sizes and hesitant buyers mean small sell shocks produce large price moves.
- Broader risk-off sentiment in markets — including stocks and commodities — spilled into crypto.
When liquidity dries up, price moves become exaggerated, especially in leveraged derivative markets.
4. Technical Breakdowns in Key Levels
Bitcoin’s price chart shows it breached important support zones:
- Breaking below $80,000 and then $75,000 opened the door for deeper declines toward levels last seen in 2025.
- Technical traders watch such breaks as signals to reduce exposure or hedge.
This reinforced sell sentiment and pressured retests from buyers.
Where Bitcoin Price Stands — Key Price Levels & Market Metrics
Current Trading Range
- Intraday low: ~$74,500–$75,000.
- Nearby resistance: ~$80,000.
- Psychological pivot zones: $70,000 – $75,000 (support).
The market has entered a range where sentiment largely drives price, meaning short-term volatility may persist until clear buying conviction returns.
Market Cap and Broader Crypto Impact
- BTC’s total market cap is significantly lower than recent highs, reflecting broader crypto weakness.
- Altcoins like Ether, Solana, and XRP are also correcting, often amplifying downturns due to correlated flows.
Expert Insights on the Price Action (Verified Commentary)
Macro Analysts
Economists point to anticipation of tighter liquidity as a chief driver. The narrative isn’t just about crypto — it’s a reflection of broader financial markets recalibrating to a new Fed leadership path.
Crypto Strategists
Crypto strategists emphasize liquidation dynamics as a huge amplifier. When leveraged positions blow out, forced selling feeds back into the spot markets, pushing prices lower even without fresh bearish news.
Technical Traders
From a price-structure perspective, the break of key support levels (especially below $80,000 and $75,000) signals that short-term momentum is favoring bears until proven otherwise.
Investor Behavior and Psychological Reaction
- Many investors see BTC below $80,000 and near $75,000 as a long-term accumulation zone, particularly “buy-the-dip” retail participants.
- Others remain cautious, waiting for clear bottoms and higher liquidity before stepping back in.
This division between opportunistic buyers and risk-averse sellers is critical in understanding near-term price action.
What Traders Should Watch Next
1. U.S. Monetary Policy Signals
Upcoming Fed announcements or minutes could determine whether liquidity expectations ease or tighten further — and this will likely move BTC sharply.
2. Technical Support Levels
- Support: $70,000 – $75,000
- Resistance: $80,000 – $85,000
Clear breaks of these zones often define the next leg of the market trend.
3. Liquidation Clusters
Monitoring real-time liquidation heatmaps helps traders anticipate where stop-loss cascades might form — a key metric in volatile derivatives markets.
Conclusion: A Correction Shaped by Macro, Liquidity & Liquidations
Today’s Bitcoin price reflects more than a simple pullback. The convergence of:
- Macro uncertainty tied to Fed leadership expectations
- Liquidity drought and risk-off sentiment
- Massive forced liquidations in leveraged markets
has brought BTC beneath $80,000 and into a debate over whether this is a cyclical correction or deeper structural shift.
From my years covering crypto markets, when liquidations and macro interplay at this magnitude, prices often overshoot on the downside before finding base. That doesn’t render Bitcoin fundamentally broken — but it does demand disciplined risk management and realistic expectations if you’re trading or investing around these levels.
