Why is Bitcoin price today down?

Pressure stems from ETF outflows reducing secondary-market demand, miners selling to cover costs, and a cautious macro tone. A stronger US dollar and higher yields weigh on risk assets. Liquidity has been thin during Asia hours, which can amplify moves. Together, these factors keep rallies contained and dips fast.

What key levels matter now for traders?

We are watching $80,000 as a sentiment pivot, the $84,000 CME gap for short-term bounces, and $87,000 as resistance. Above $87,000 opens the 50-day average near 89,814. On the downside, a retest of $74,420 is possible if $80,000 fails, with deeper supports if that level breaks.

Are ETF outflows driving the latest slide?

They are a major factor. When spot ETFs see outflows, authorised participants may sell spot to fulfil redemptions, which pulls liquidity and can pressure price. Combined with miner selling, this adds supply into weakness. The impact tends to peak during US hours when ETF flows clear.

How should Australian investors adjust now?

Trade around the main liquidity windows that align with US hours, use limit orders, and size positions for higher volatility. Prefer simple setups with clear invalidation levels. Keep cash buffers, track fees on AUD pairs, and avoid chasing moves in thin conditions. Let levels confirm before scaling exposure.

How could a Kevin Warsh nominee affect crypto?

Headlines around a Kevin Warsh nominee have revived expectations of tighter policy. A more hawkish stance can support the US dollar and lift yields, which usually pressures risk assets like crypto. The channel is sentiment and liquidity. Monitor speeches and data timing, as reactions often hit during Sydney evenings.

Global Market Insights

BTCUSD Today, February 02: Crash Fears Grow as ETF Outflows, Miners Sell

ByHuzaifa Zahoor February 2, 2026February 2, 2026

Bitcoin price today is sliding under pressure as ETFs see outflows and miners increase distribution. At the time of writing, BTCUSD trades near $78,648, down 6.94% on the day, after a $75,644 low and $84,138 high. The 1-year range spans $74,420 to $126,296. A hawkish Federal Reserve tone and headlines around a Kevin Warsh nominee are dampening risk appetite. Traders are focused on $80,000 support and $87,000 resistance, while a CME gap near $84,000 could spark brief rebounds even in a weak tape.