Overview
- Bitcoin rebounded from roughly $60,000 last week to the low $70,000s, then slipped to about $68,500 on Monday before steadying near $70,000.
- Volatility and liquidations have eased from the early‑February spike, with total crypto liquidations down to about $344 million in the past day from $2.42 billion on Feb. 6.
- U.S. spot Bitcoin ETFs saw net inflows around Feb. 6—reported at $221–$371 million—which helped fuel the bounce even as recent weekly flows still showed net outflows.
- Key levels remain in focus, with support clustered near $60,000–$69,000 and resistance around $73,000–$75,000; some analysts flag a potential squeeze above ~$80,000, while prediction markets price higher odds of renewed downside.
- The drawdown from October 2025 highs sits near 40%–46% as leverage unwinds, with on‑chain signals showing mixed whale behavior and open interest falling, while some strategists still cite longer‑term bullish targets.