Overview
- Bitcoin recovered to the high-$78,000s after a weekend drop below $75,000 that triggered billions in long liquidations across derivatives markets.
- U.S. spot Bitcoin ETFs recorded about $561.9 million in net inflows on Feb. 3, snapping a multi-day outflow streak, with Fidelity, BlackRock and Bitwise leading allocations.
- Liquidation pressure has eased sharply, yet funding rates remain negative and Coinbase Premium readings point to persistently soft U.S. spot demand.
- Solana briefly fell to roughly $96 and is testing the $100 area as investment products saw weekly outflows, including $2.45 million from spot ETFs, with traders watching support near $95.
- Sentiment sits in extreme fear and analysts caution that key resistance near $80,000–$85,000 must be reclaimed, with some forecasts flagging possible downside toward the low-$70,000s or even around $60,000.