Why did the bitcoin price USD fall below $63,000?

Selling pressure rose as spot ETFs recorded redemptions and liquidity thinned. Leveraged longs were forced out, triggering cascading liquidations that pushed price through key levels. With bids stepping back, slippage increased until flows stabilized. Once liquidations slowed and buyers returned, price rebounded into the mid‑$60,000s.

How are Hong Kong investors reacting to the drop?

Local interest increased, with queues and in‑app activity showing dip buying as prices broke below $63,000. Many used small, staggered orders and focused on regulated platforms or well‑known exchanges. Since HKD is pegged to USD, local notional moves track the bitcoin price USD, helping investors frame risk.

What indicators should I watch in the next sessions?

Monitor net ETF flows, perpetual funding, and large liquidation prints. Check order book depth and spreads during Asia and US overlaps. On charts, track RSI, ADX, and price versus the 50‑day and 200‑day averages for trend confirmation. These signals guide whether rebounds can build into higher lows.

Is the BTC USD price in a downtrend now?

Price sits below the 50‑day and 200‑day averages, which keeps a cautious bias. RSI is neutral, and ADX shows a strengthening trend, so direction is data driven. A sequence of higher lows with improving ETF flows would help negate the downtrend. Until then, expect range trading and quick swings.

Global Market Insights

BTCUSD Today: February 6 – Sub-$63K Slide Triggers HK Dip Buying

ByDanny Kontos February 6, 2026February 6, 2026

The bitcoin price USD slid under $63,000 before rebounding, as spot ETF redemptions and forced liquidations hit sentiment. For BTCUSD, the session printed a low near $60,001 and a last trade around $66,800, showing how fast momentum can flip. In Hong Kong, queues formed as retail buyers stepped in while spreads widened. We break down what drove the move, how local investors reacted, and the levels to monitor as the bitcoin price USD stabilizes.