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🤯 Bitcoin Price Dips To $60,000, Erasing Trump Election Gains
On February 6, the crypto market saw a sharp crash as Bitcoin plunged nearly 15%, wiping out around $350 billion in total market value in a single day. Bitcoin’s price fell to $60,030, erasing gains made since its October peak near $126,000.
This drop also wiped out the entire “Trump bump” rally from November 2024, as selling pressure increased from miners, profit-taking, deleveraging, and global market fears.
🔸 Bitcoin Price Drop Linked to Miner Selling Pressure
One of the biggest pressures is coming from Bitcoin miners. Data sho
BTC-6,74%
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There are now two very counterintuitive points. The first: ETFs are essentially high-speed channels. In a bear market, the biggest shorts can push the market down more easily and quickly. During this wave of decline, ETFs have played a significant role. The second: leveraged longs are the biggest shorts in a bear market. Some institutions leverage to go long; when the market is good, they buy Bitcoin, Ethereum, and add leverage, definitely pushing the market further up. But when the market declines, they become the biggest shorts in the market, ruthlessly selling off. So everyone, whether it's
BTC-6,74%
ETH-7,84%
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‼️First order⬇️
‼️Direction: Long (prefer stability, second position)
Around 62,700 - around 62,400, stop loss at 61,000
Around 1,740 - around 1,720, stop loss at 1,670
Profit: 64,500//66,500//69,000
Profit: 1,800//1,880//1,950
==================
Around 60,300 - around 60,000, stop loss at 58,600
Around 1,620 - around 1,600, stop loss at 1,550
#当前行情抄底还是观望?
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恭喜发财
恭喜发财
恭喜发财
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Viewing the Top Market Coins Spot Chart and comparing them
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#BuyTheDipOrWaitNow? has become the most debated question in the crypto market as volatility returns and emotions run high. After weeks of price corrections, investors are once again split between fear and opportunity.
On one side, dips historically offer attractive entry points. On the other, macro uncertainty makes many traders cautious about rushing in too early.
Market conditions right now are shaped by several key factors. Bitcoin and major altcoins are trading below recent highs, reflecting reduced risk appetite and tighter financial conditions. Interest rate expectations, global liquid
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HighAmbitionvip:
Buy To Earn 💎
$PI All-time high price of $3 on February 26, 2025. Then I bought it on the 27th. I really miss that feeling back then. When can we return to the peak?
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GateUser-dc5bda91vip:
Can't go back to being a child
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$PI I think you're the one going crazy in the first place. We have just transitioned from initial enthusiasm to now being rational. We are still waiting for the right opportunity.
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WeifangPiYouvip:
Still targeting Dogecoin, aiming to buy around 0.015, but I would prefer not to buy at all.
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Shorted at 2100 yesterday, shorted around 1920 this morning. The overall bearish trend remains unchanged. The trading strategy for today is as follows:
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MrThanks77vip:
Happy New Year! 🤑
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BITCOIN CRASHES HARD AS CRYPTO BEAR MARKET KICKS OFF!WATCH ▶️ #crypto #cryptonews #bitcoin #altcoins #ethereum #xrp #bearmarket #thinkingcrypto
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#WhyAreGoldStocksandBTCFallingTogether? Understanding the 2026 Market Dynamics
Global markets are under pressure, and we’re witnessing a rare scenario where typically uncorrelated assets like gold stocks and Bitcoin are falling simultaneously. Major stock indices, especially technology stocks, have been sliding, creating a broader risk-off sentiment that has spilled over into cryptocurrencies and precious metals. This interconnectedness shows how fear in one asset class can quickly spread across multiple markets.
A key driver behind this unusual co-movement is heightened risk-off sentiment. In
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YingYuevip:
2026 GOGOGO 👊
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To be honest, this is the first time since 312 that I have felt a sense of panic. I haven't experienced this feeling during 519 and 1011, which indicates that we are not far from the bottom range. Still firmly believe that BTC is digital gold HODL💪
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🚨 NOW: #Crypto Fear and Greed Index hits 9, entering deepest "Extreme Fear" territory, lowest point since the Luna crash. #crypto
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$BTC hold this zone we wil get a relief bounce here before next move down. #DYOR
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#PartialGovernmentShutdownEnds
🚀The partial U.S. federal government shutdown that began at the end of January 2026 has now ended after lawmakers reached a funding agreement and the President signed the new appropriations package into law. The shutdown, which lasted for a brief period of about three to four days, concluded when the U.S. House of Representatives narrowly approved a federal spending solution and the legislation was subsequently signed, allowing most government operations to resume fully.
Why the Partial Shutdown Started
The partial shutdown which began after midnight on January
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$FET higher seems inevitable from here.
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#WhyAreGoldStocksandBTCFallingTogether?
Gold, stocks, and Bitcoin falling at the same time feels confusing especially because these assets are often seen as very different from each other. Gold is viewed as a safe haven, stocks represent growth and corporate confidence, while Bitcoin is often called digital gold. Yet markets don’t always behave according to labels. Sometimes, liquidity and sentiment override narratives.
One of the biggest reasons behind this synchronized decline is a global shift toward risk reduction. When uncertainty rises whether due to macroeconomic pressure, interest-r
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Yusfirahvip:
Ape In 🚀
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Live BTC Market Structure – Educational Breakdown
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Back in the day, my first pot of gold in elementary school came from Pokémon and Yu-Gi-Oh! I would arrive right on time after class, run to the store, and ask Uncle, "Are there any new boxes today?" I’ve always been a lucky drawer, knowing some tricks, with such a high hit rate that Uncle started to be afraid of me. When I pulled good cards, I would sell them back to him on the spot to make a profit. Looking back now, if I had kept those cards instead of selling them, the return could have been hundreds of times higher. Back then, they were truly, truly cheap! And now, we’ve entered a whole ne
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🪙 #BitcoinHitsBearMarketLow — Market Structure, Psychology & Outlook (2026)
Bitcoin has recently entered a critical phase of its market cycle, reaching levels many analysts consider a bear-market low zone. This move reflects more than technical weakness — it signals a reset in sentiment, positioning, and capital flow across the digital asset ecosystem. Understanding this phase requires analyzing price behavior, investor psychology, and macroeconomic pressures together.
🔹 Price Action & Technical Structure
BTC’s decline toward $40,000–$42,000 tests long-term structural support. This zone has
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CryptoEagleStarvip:
2026 GOGOGO 👊
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Thank you @gate_kol26 for the New Year gift box. It's heavy, just like my current mood. $BTC has dropped to 64,000. I hope from this moment on, the crypto market will turn around immediately, bringing prosperity and good fortune for everyone during the New Year. Lastly, I wish @Gate and @Gate_zh all the best! #GateNewYearOpeningGift
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