Why is BTCUSD Bitcoin USD dropping today?

Bitcoin fell 0.97% on February 5, 2026, extending a broader weekly decline of 6.04%. The selloff reflects macro headwinds including tariff concerns, regulatory uncertainty, and liquidation cascades in derivatives markets. Despite the decline, margin long positions on Bitfinex have surged to two-year highs, suggesting institutional buyers view current levels as attractive.

What is the BTCUSD price forecast for 2026?

The yearly forecast targets $95,894, representing a 21.9% gain from current levels. The quarterly forecast is $125,516, near October's all-time high. These targets assume macro conditions stabilize and support at $84,208 holds. Forecasts may change due to regulatory shifts or unexpected market events.

Is Bitcoin USD oversold right now?

RSI at 48.91 indicates neutral conditions, not oversold extremes. However, the price sits below both the 50-day and 200-day moving averages, confirming a strong downtrend. Support at $84,208 (Bollinger Band lower) is the key level to watch for potential reversal signals.

What do margin long positions on Bitfinex tell us?

Margin longs at 77,100 BTC are the highest since December 2023, suggesting large holders are accumulating during the correction. Historically, this contrarian signal has preceded price bottoms, but the current buildup may not yet signal a definitive floor as liquidations continue.

What is the next resistance level for BTCUSD?

The 50-day moving average at $89,813 is the first resistance, followed by the Bollinger Band upper at $93,209. The quarterly forecast target of $125,516 represents longer-term resistance near the October all-time high of $126,296.

Crypto Insights

BTCUSD Bitcoin USD Extends Losses to -0.97% as Margin Longs Signal Capitulation Risk

ByHuzaifa Zahoor February 6, 2026February 6, 2026

Bitcoin USD (BTCUSD) is trading at $78,648 as of February 5, 2026, down 0.97% in the last 24 hours and extending its weekly decline to 6.04%. The cryptocurrency has fallen from its year high of $126,296 to current levels, reflecting sustained selling pressure across digital assets. Market data shows margin long positions on Bitfinex have climbed to 77,100 BTC—the highest level since December 2023—suggesting large holders are accumulating during the correction. This contrarian signal historically appears near price bottoms, though BTCUSD has yet to establish a definitive floor. Understanding the technical setup and market sentiment is critical for tracking whether this decline represents a temporary pullback or a deeper correction.