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Bitcoin's Brutal Dip: Is This the Bottom or Just the Beginning?
#CryptoWinterAlert
Bitcoin plunged 15% overnight, dipping below $61,000 before stabilizing around $63,000 today, February 6, 2026—its lowest since late 2024. cnbc.com This marks a staggering 50% drop from October's $126,000 peak, wiping out $500 billion in crypto market cap amid global risk-off sentiment. investopedia.com Analysts point to heavy liquidations, ETF outflows, and a hawkish Fed shift as culprits, echoing 2018 and 2022 bear markets. theguardian.com Yet, Bitcoin's RSI hit an ultra-oversold 17.6, a level seen only twice before major rebounds—like the 2020 COVID crash. coindesk.com Trending on X: Whales accumulating, with Bitfinex longs at 2-year highs. Meaning? This shakeout clears weak hands, setting up savvy traders for the next bull run. Value: DCA into BTC now on Binance—history shows oversold conditions precede explosive gains. Trade smart!
#BTCUpdate
#CryptoWinterAlert
Bitcoin plunged 15% overnight, dipping below $61,000 before stabilizing around $63,000 today, February 6, 2026—its lowest since late 2024. cnbc.com This marks a staggering 50% drop from October's $126,000 peak, wiping out $500 billion in crypto market cap amid global risk-off sentiment. investopedia.com Analysts point to heavy liquidations, ETF outflows, and a hawkish Fed shift as culprits, echoing 2018 and 2022 bear markets. theguardian.com Yet, Bitcoin's RSI hit an ultra-oversold 17.6, a level seen only twice before major rebounds—like the 2020 COVID crash. coindesk.com Trending on X: Whales accumulating, with Bitfinex longs at 2-year highs. Meaning? This shakeout clears weak hands, setting up savvy traders for the next bull run. Value: DCA into BTC now on Binance—history shows oversold conditions precede explosive gains. Trade smart!
#BTCUpdate
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