Why is btc usd under pressure today?

btc usd is weak because price sits below the 50-day and 200-day averages, which signals sellers still control the trend. Elevated crypto liquidations add forced selling, while sentiment is cautious despite rising Bitfinex margin longs. Until price reclaims the 50-day with volume, bounces face supply.

Does a spike in Bitfinex margin longs mean a bottom?

Not by itself. A two-year high in Bitfinex margin longs shows dip buying and confidence from larger traders, but leverage can unwind fast. Without confirmation from price reclaiming the 50-day average and building higher lows, the signal can precede more volatility rather than mark a firm bottom.

Which levels matter now for bitcoin usd?

Watch $84,208 as the first support from Bollinger bands, then the Keltner lower near $83,600. On strength, the 50-day near $89,814 is the first hurdle and the 200-day near $104,526 is the bigger pivot. Sustained closes above each level improve the outlook for bitcoin usd.

How should HK traders manage risk amid crypto liquidations?

Use small position sizes relative to ATR, place stop-loss orders away from obvious wicks, and favor limit orders during thin hours. Consider scaling entries near support and trimming into strength. Keep capital in SFC-regulated venues, track funding rates and open interest, and avoid adding during cascade liquidations.

Global Market Insights

BTCUSD Today, February 06: Bitfinex Longs at 2-Year High, Capitulation Watch

ByHuzaifa Zahoor February 6, 2026

Hong Kong traders face a choppy Thursday as BTCUSD stays weak into February 06. The focus for btc usd is the $84,208 support from Bollinger bands, with price still under the 50-day near $89,814 and the 200-day near $104,526. Bitfinex margin longs have jumped to a two-year high, a sign of dip buying, while crypto liquidations remain heavy. We outline the key levels, risks, and a simple plan HK investors can use during HKT trading hours for btc usd.