The post Bitcoin News: $69K Falls: Bitcoin Loses 2021 All-Time-High Support appeared on BitcoinEthereumNews.com.

Bitcoin loses its 2021 all-time-high support as liquidations surge, sentiment collapses, and macro pressures intensify across global crypto markets. Bitcoin fell below its 2021 all-time high of $69,000 during intense market volatility. Moreover, the drop led to massive liquidations in crypto markets. As a result, investor confidence fell sharply. The sell-off was accelerated during Asian and European trading hours. Consequently, Bitcoin plunged briefly towards $65,000 before leveling off. In the meantime, market participants scrambled to reduce exposure. Bitcoin Crash Triggers Massive Liquidations Ethereum also took a lot of pressure during the downturn. ETH fell to $2,000, which was a 24-hour decrease of 6.96%. Therefore, the losses are not limited to Bitcoin but were further spread to major altcoins. 🚨BREAKING: BITCOIN JUST DROPPED BELOW ITS 2021 ALL TIME HIGH OF $69,000 pic.twitter.com/fQ2T54YxcK — Ash Crypto (@AshCrypto) February 5, 2026 According to CoinGlass, $951 million in liquidations were made in 24 hours. Notably, long positions were the reason for $790 million of forced closures. Hence, bullish leverage was multiplied by downside momentum. Related Reading: Bitcoin Falls Below $70,000 as ETF Outflows and Risk-Off Sentiment Weigh on Markets | Live Bitcoin News Other estimates put liquidations in the derivatives markets at more than $1 billion. Some $980 million came from bullish bets unwinding rapidly. As a result, volatility spiked throughout the exchanges. The decline wiped out all the gains since the November 2024 US presidential election. As a result, Bitcoin was brought back to pre-election prices. Analysts say this is a full reversal of the so-called Trump rally. Market sentiment was severely aggravated during the crash. The Fear and Greed Index came in at 14. Therefore, conditions officially moved into the extreme fear zone. Historically, such readings are a reflection of panic-driven selling behaviour. However, they can also come before technical rebounds. Still,…

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Filed under: News - @ February 6, 2026 12:29 am