The post Bitcoin, Gold, and Stocks Jump on US Data — Relief or Trap? appeared on BitcoinEthereumNews.com.

Global markets staged a broad rebound on February 6 after a sharp sell-off the previous day pushed stocks, crypto, and commodities into deeply oversold territory. Bitcoin recovered to around $70,000, while US equities, gold, and silver also advanced, driven by technical buying and easing near-term macro fears. The recovery followed a violent deleveraging phase rather than a shift in fundamentals. Sponsored Sponsored Technical Levels Sparked The Initial Bounce The rebound began after key technical levels held across asset classes. The S&P 500 touched its 100-day moving average, a level closely watched by systematic and discretionary traders. That triggered mechanical buying from funds rebalancing risk exposure after several sessions of heavy selling. S&P 500 Chart. Source: Google Finance Bitcoin followed a similar pattern. After briefly falling to $60,000, the asset rebounded sharply as forced liquidations slowed and funding rates stabilized.  The absence of fresh liquidation pressure allowed spot buyers to step in, supporting a short-term recovery. Bitcoin Price Chart. Source: CoinGecko Positioning Reset Reduced Selling Pressure The previous sell-off had flushed leverage across markets.  Sponsored Sponsored In crypto, derivatives positioning had become heavily skewed toward longs, amplifying downside once prices broke support. By February 6, much of that excess leverage had already been cleared. As a result, marginal selling pressure eased. With fewer margin calls and reduced forced selling, prices were able to rebound even without new bullish catalysts. Bitcoin Estimated Leverage Ratio Across All Exchanges. Source: CryptoQuant The chart shows leverage building through January before being sharply flushed as price broke support in early February.  After that reset, forced selling pressure eased, allowing price to rebound despite the absence of new bullish catalysts. Sponsored Sponsored Macro Signals Eased Near-Term Stress US macro data also helped stabilize sentiment. Consumer sentiment data released on February 6 came in stronger than expected, marking…

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Filed under: News - @ February 6, 2026 8:25 pm