Bitcoin records a drop of more than 20% in 2026 and reaches its lowest value since Trump’s election

Bitcoin operated below US$70 thousand this Thursday, February 5, 2026, marking the lowest level since the re-election of Donald Trump in November 2024. The cryptocurrency accumulated losses of more than 20% at the beginning of the year alone, reflecting a combination of macroeconomic factors and adjustments in institutional investment flows. Analistas observed that the downward movement was gaining strength with greater risk aversion in global markets.

The recent devaluation included daily drops of between 3% and 7%, depending on trading hours. Plataformas monitoring records recorded the average price at around US$69,500 during the morning, with variations influenced by negotiations on international exchanges. Esse scenario contrasted with the optimism observed at the end of 2025, when the asset had surpassed historical marks.

Investors closely monitored liquidity indicators and traded volumes, which showed a significant reduction in relation to previous peaks. The current correction reinforced the volatile characteristic of Bitcoin, even with greater participation of institutions in the market.

Macroeconomic Factors Behind the Correction

High interest rates in the Estados Unidos continued to pressure risky assets, including cryptocurrencies. The higher opportunity cost of maintaining positions at Bitcoin led funds to reduce exposure in search of safer returns.

The growing correlation between the Bitcoin and technology stock indices magnified the effects of adjustments in traditional markets. Períodos of global monetary tightening affected both segments in a similar way, intensifying selling movements.

ETF outflows record high volumes

Bitcoin exchange-traded funds (ETFs) had net outflows exceeding $2 billion since the start of 2026.

Main ETFs registered consistent daily withdrawals, with emphasis on products from large managers. The adjustments reflected portfolio rebalancing in an environment of greater caution.

• Fidelity led exits on specific days, with values ​​approaching US$150 million.
• BlackRock maintained moderate but accumulated negative flows.
• Other smaller vehicles followed the general reduction trend.

Behavior of institutional investors

Large managers adopted a more conservative stance in the short term, prioritizing capital preservation. The maturation of the market brought participants with longer investment horizons, but sensitive to economic cycles.

Reduced leverage in institutional positions lessened the risk of cascading forced liquidations. Ainda therefore, sales scheduled to realize previous gains contributed to the observed decline.

Asset structural volatility

The relative market size of Bitcoin still allowed for broad movements with moderate capital flows. Entradas or outflows of a few hundred million dollars generated significant percentage impacts.

The limited supply and clear issuance rules set Bitcoin apart from other cryptocurrencies. Essa characteristic attracted long-term accumulation, but did not eliminate intense fluctuations in the short term.

Technical levels monitored by the market

Analysts were monitoring important support in the range between US$65,000 and US$67,000. Quebras of these levels could open space for additional corrections, in accordance with historical patterns.

Immediate resistance was close to US$72,000, where previous concentrations of purchases could halt further declines. Behavior at these levels defined directions in future sessions.

History of previous cycles

Corrections greater than 20% have occurred at various times since the creation of Bitcoin. Esses periods often preceded robust recoveries, especially after macroeconomic adjustments.

The 2024 post-halving cycle followed similar patterns, with phases of euphoria followed by consolidation. Investidores experienced maintain average price strategies during pullbacks.

Adjustments to global portfolios

Multimarket funds reviewed allocations to digital assets in light of signs of economic slowdown. The reduction in exposure occurred gradually, avoiding additional abrupt impacts.

Managers with long-term mandates continued to accumulate at levels considered attractive. Essa division between approaches explained part of the current price dynamics.

Monitoring liquidity indicators

Volumes traded on regulated exchanges fell compared to their 2025 peaks. Essa reduction signaled lower retail participation, with institutional operations dominating.

Liquidations of leveraged positions gradually decreased, relieving automatic selling pressure. The balance between buyers and sellers defined stability in the coming days.

The cryptocurrency market as a whole followed the movement of Bitcoin, with altcoins recording proportional losses. The dominance of the main asset was slightly increasing during the current correction.

Participants observed on-chain indicators such as transfers to long-term wallets. Esses data suggested silent accumulation by convinced holders.

The interaction between external factors and internal characteristics of Bitcoin created the observed scenario. The combination explained the intensity of the correction without indicating permanent structural changes.

Experts reinforced the importance of understanding the asset’s risk profile. Posições suited to the individual horizon avoided impulsive decisions during fluctuations.

Perspectives monitored by analysts

Psychological support levels around US$60,000 appeared in more pessimistic projections. Analistas considered this range as a possible temporary bottom in scenarios of greater aversion.

Signs of a reversal would depend on an improvement in global risk sentiment. Reduções in interest rates or positive economic data could alter the current trajectory.