The post Bitcoin Slips Below $70K as Extreme Fear Grips Crypto Markets appeared on BitcoinEthereumNews.com.

TLDR: Bitcoin slipping below $70K triggers renewed selling pressure as sentiment moves into extreme fear.  Crypto Fear & Greed Index drops near its lowest levels this year, reflecting intense market anxiety.  BTC hits a low near $67,000, the weakest level since late 2024, deepening the downtrend.  Broader risk asset sell‑offs contribute to crypto market losses and heightened caution.   Bitcoin slipping below $70K deepened the market’s downturn. The asset price has dropped to $67,000, a 15‑month low and about 46% below its all‑time high.  Volatility surge has intensified selling pressure across crypto markets, pushing sentiment into Extreme Fear. The market reacted with broader risk asset sell‑offs, even as some long‑term models suggest potential recovery paths.  Market Reaction and Oversold Conditions Bitcoin slipping below $70K dropped nearly 8% on the day, positioning the cryptocurrency approximately 46% below its all-time high. The Fear & Greed Index currently reads Extreme Fear, reflecting widespread caution among traders. Headlines have emphasized the bearish sentiment, but statistical models present a different narrative. Breaking below a round number like $70K often triggers emotional reactions.  Psychological floors make declines feel more dramatic, creating heightened fear. Historically, similar breaches represent temporary overshoots rather than structural breakdowns.  Volatility is a normal feature of Bitcoin’s late-cycle patterns, which test market conviction and penalize impatience. Bitcoin broke below $70K. Stay calm. History rewards the patient Down ~8% today. ~46% off ATH.Fear & Greed is pinned at Extreme Fear.Headlines are all bears. The Math:BTC is ~45% below power-law trend value($123K fair value vs ~$67.7K spot, R² = 0.961 over 15+ years). At… pic.twitter.com/ooyPa3mUKI — David (@david_eng_mba) February 5, 2026 Using a 15+ year Bitcoin power-law model with R² = 0.961, the current spot price of $67.7K is roughly 45% below the modeled fair value of ~$123K. This deviation indicates a historically large gap…

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Filed under: News - @ February 5, 2026 11:19 pm