The post Here’s why Bitcoin price is crashing today? (Feb. 2) appeared on BitcoinEthereumNews.com.

Bitcoin price briefly fell to a nine-month low of $74,546 on Monday, as massive crypto liquidations and a drop in precious metal prices rattled global markets. Summary Bitcoin price fell to its April low levels on Monday. A spike in crypto liquidations and weakening gold and silver prices drove investors away from the bellwether. According to data from crypto.news, the Bitcoin (BTC) price fell 5.7% to an intraday low of $74,546 on Monday, Feb. 2, before settling at $76,473 at the time of writing. This latest drop has brought the bellwether asset down to its lowest level since April of last year.  Zooming out, Bitcoin’s ongoing downtrend began on Thursday after its price lost the $90,000 psychological support level. It has since dropped 17% while extending its total losses to roughly 40% from its peak this year. Bitcoin price is going down due to a confluence of extreme leverage liquidations and a mania meltdown in precious metals that is forcing traders to sell other assets to cover their losses. Data from CoinGlass shows that the crypto market experienced $798 million in liquidations today, with most of the wipeout coming from highly leveraged bullish bets. Bitcoin alone accounted for over $200 million of those long liquidations. Liquidation occurs when an exchange or broker is forced to close a trader’s position because the market moves against them and they no longer have enough margin to cover the risk. A majority of the wipeout from long positions occurs when an asset’s price faces a sudden, unexpected drop. Exchanges are forced to close these bets, which in turn triggers a liquidity cascade that could continue to hurt prices. This cascade of liquidations initially took hold over the weekend when more than $2.4 billion in bullish positions were wiped out, creating a climate of fear…

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Filed under: News - @ February 2, 2026 10:27 am