Bitcoin Plunges Below $70,000 Amid Futures Liquidations, Worsening Market Uncertainty

Bitcoin dropped below $70,000 on February 5, 2026, amid $853 million in futures liquidations. The decline affected correlated assets like ETH and BNB, highlighting persistent market volatility and investor caution. Key players have not issued statements, and the market is reacting to price movements. The drop in Bitcoin ETF holdings indicates worsened investor sentiment and halted inflows. Geopolitical factors, hawkish Fed policies, and tech sell-offs have contributed to current crypto trends and potential long-term impacts.