Why did the bitcoin price fall today?

The fall came from two forces: steady net outflows from US spot ETFs and about US$1 billion in forced crypto liquidations as leveraged bets unwound. Risk-off from a tech selloff and a firmer Fed stance added pressure, pushing price toward US$63,000 and fueling a broader crypto market crash.

What levels should Singapore traders watch now?

Near-term support sits around US$63,000, then US$60,000 if weakness extends. Resistance appears near US$66,500 and US$70,000. Use alerts around those areas and adjust position sizes to account for wide intraday ranges. Always consider SGD-USD moves alongside the bitcoin price when planning entries and exits.

Do ETF outflows always mean lower prices?

Not always, but sustained outflows reduce spot demand and can weigh on price. A shift back to net inflows often aligns with relief rallies. Watch daily flow prints, funding rates, and open interest together. If flows improve while leverage resets, the bitcoin price can stabilize or rebound quicker.

How should I manage risk in this volatility?

Keep allocations modest, use staggered entries, and set predefined exits. Place stops outside typical noise bands and avoid overtrading mid-range. Diversify across liquid assets, consider SGD-USD effects, and review product risks and fees. Rebalance when the bitcoin price overshoots your target weight, up or down.

Global Market Insights

BTCUSD Today, February 06: $2T Crypto Rout, ETF Outflows Fuel Capitulation

ByDanny Kontos February 6, 2026February 6, 2026

The bitcoin price fell toward US$63,000 today as risk-off mood hit crypto and tech. About US$1 billion in crypto liquidations and steady bitcoin ETF outflows signalled weak conviction. Total crypto value has dropped by roughly US$2 trillion since October. For Singapore investors, volatility, USD moves, and fees matter. Track BTCUSD liquidity, funding rates, and ETF flows before adding risk. Near-term bounces can be sharp, but drawdowns can deepen if outflows persist.