Why did bitcoin price today fall below $61,000?

A leverage wipe-out and more than $2 billion in crypto liquidation triggered forced selling as stops clustered near $62,000. At the same time, U.S. spot bitcoin ETF outflows signaled weaker institutional demand. That one-two hit reduced bids, widened spreads, and sent price briefly under $61,000 before stabilizing inside a $60,000–$65,000 range.

Is this a trend change or a shakeout in bitcoin price today?

Analysts see a sentiment reset, not a broken market. With $70,000 now firm resistance, price may chop between $60,000 and $65,000 until ETF flows turn positive and liquidity improves. A sustained close back above $65,000 would be a constructive step, while a break under $60,000 risks a deeper test.

What should Indian investors watch after bitcoin price today?

Track USD-INR, spreads on your INR platform, and U.S. spot ETF net flows. Confirm tax and 1% TDS impacts on cash management. Use limit orders, avoid over-leverage, and log each entry to manage average cost. Watch macro data like U.S. CPI and jobs reports that can swing crypto risk appetite.

How do bitcoin ETF outflows affect BTC price?

Spot ETF outflows pull demand from the market, removing a steady source of buys. When outflows meet high leverage and thin liquidity, downside can accelerate. Sustained net creations often support price, while persistent redemptions can cap bounces. Monitor daily issuer flow updates for an early read on direction.

Global Market Insights

BTCUSD Today, February 6: Sub-$61K Slide on $2B Liquidations, ETFs Sell

ByHuzaifa Zahoor February 6, 2026February 6, 2026

Bitcoin price today slid about 15%, briefly breaking below $61,000 as over $2 billion in leveraged crypto positions were liquidated and U.S. spot ETFs turned net negative. That shift signals weaker institutional demand and a sentiment reset. For Indian investors, quotes on local platforms can vary with USD-INR and spreads, so track both. Bitcoin (BTCUSD) now faces a near-term range around $60,000 to $65,000, with $70,000 seen as a key ceiling. We break down drivers, levels, and practical steps for portfolios in India.