Bitcoin Price Breaks $76K: $2B Liquidated

Ben Graham · 5 horas atrás

Bitcoin slipped below $76,000 over the weekend, breaking under the average price paid by Strategy for its massive Bitcoin stash. The move erased roughly $3,000 in minutes as forced sell-offs ripped through thin weekend trading. It lands in a market already tense from slowing ETF demand and rising leverage.

Price failed to hold $80,000 and dropped toward $75,000, a level last seen during April’s 2025 panic low.

As #Bitcoin fell below $75,000, Michael Saylor(@saylor)'s @Strategy's 712,647 $BTC is now facing an unrealized loss of over $900M.https://t.co/iFtYbgyI3Q pic.twitter.com/p3gQpkzDuU

— Lookonchain (@lookonchain) February 2, 2026

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Why Did Bitcoin Drop So Fast This Weekend?

The short answer is liquidations. When traders borrow money to bet on Bitcoin going up, exchanges auto-sell their positions if the price falls too far. This weekend, over $2 billion in leveraged long positions vanished across crypto. One single position worth about $1 billion blew up in minutes. Low weekend volume made the move more dramatic, causing a cascade of liquidations.

(Source: Tradingview)

For now, key levels in focus include $74,500 and the psychologically important $69,000 zone (the 2021 all-time high). A break below these could accelerate fear and selling pressure.

Some forecasters see potential support between $70,000–$75,000, while more bearish outlooks point to $50,000 if outflows and deleveraging intensify.

That said, historical patterns show that spikes in ETF redemptions often coincide with local bottoms, potentially setting the stage for a recovery later in 2026.

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Bitcoin Price Is Now Below the Strategy Average Price

Strategy holds roughly 700,000 BTC at an average price near $76,000, turning the company into a leveraged Bitcoin proxy. Strategy still holds more than $42 billion in Bitcoin, but the optics matter.

Investors felt it fast. Strategy’s stock dropped over 15% in a single day as Bitcoin slid. This is the same dynamic retail traders face when they copy big-balance plays without understanding the risk underneath.

On-chain data also shows Bitcoin lost its “true market mean,” which is the average price paid by active holders. It means that more people are now in loss compared to investors in positive.

Michael Saylor took it as he usually does lately: by creating AI images of himself.

₿uilt for the Long Run. pic.twitter.com/8lAofMd0xc

— Michael Saylor (@saylor) January 31, 2026

It’s Not Just Bitcoin: Gold Erases Trillions of Dollars in Minutes

Gold also suffered a dramatic plunge. Gold and silver futures hit multiple lower circuit limits in a single session: gold down as much as 9–12%, silver dropping as much as 27% at peak volatility before partial rebounds.

Globally, spot gold fell more than 6% to below $4,600 per ounce, marking one of its steepest single-day declines in over a decade and erasing roughly $2.2 trillion in market value in hours.

ETF flows tell the same story. BlackRock’s spot Bitcoin fund saw roughly $500 million leave last week as volatility spiked. When ETFs slow down, and leverage stays high, price drops feel harsher.

(Source: Coinglass)

Bitcoin already survived deeper drawdowns than this, including the 2022 collapse tied to major exchange failures. Long-term holders focus on time, not weekend candles.

Analysts now watch $74,500 and even $69,000, the 2021 peak, as possible stress zones. If those levels break, fear accelerates.

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