Why did Bitcoin fall below $80,000 today?

A sharp silver sell-off and a stronger US dollar dampened risk appetite, while over $800 million in long-side crypto liquidations sped up the decline. These factors pushed the Bitcoin price USD through key levels during thinner liquidity, especially between the US close and the Asia open.

What levels should Hong Kong traders watch now?

Watch $80,000 as the main pivot. Near-term support sits around $75,644 and $74,421. On the upside, $84,000 reduces stress, while $88,709 and the 50-day average near $89,814 are resistance zones. Use alerts and consider limit orders during Asia’s morning session.

Is Bitcoin oversold on technicals right now?

Price trades below the lower Bollinger Band at $84,209, which often signals near-term overshoot. However, RSI is around 48.91, which is neutral. Mixed signals suggest potential consolidation. A close back inside the bands and above $84,000 would hint at stabilizing momentum.

How should HK investors manage volatility in BTC?

Estimate risk using ATR. With ATR near $3,252, daily swings can reach about HK$25,000 per BTC at the peg. Consider smaller position sizes, staggered entries, and limit orders. Avoid high leverage when crypto liquidations are elevated, since spreads and slippage can widen quickly.

Global Market Insights

BTCUSD Today: February 01 $80K Support Tested After $800M Liquidations

ByDanny Kontos February 1, 2026February 1, 2026

Bitcoin price USD wobbled as $80,000 support was tested after more than $800 million in long liquidations. As of publication, BTCUSD traded near $78,648, down 6.94% on the day, with an intraday low at $75,644 and high at $84,138. A sharp silver sell-off and a stronger dollar after reports on Trump’s preferred Fed chair pick weighed on risk assets. For Hong Kong investors, USD moves translate directly via the HKD peg, so swings can feel fast and large overnight.