BTCUSD Today: February 1 Sub-$80K as $1.56B Long Flush Hits Crypto
Bitcoin price today slipped below $80,000 as roughly $1.56B in crypto liquidations wiped out leveraged longs into the February 1 session. BTCUSD broke a key round level, and ETHUSD followed lower as risk appetite cooled. For Swiss investors, weekend liquidity and CHF conversion costs can magnify moves. We break down the BTC selloff, how crypto liquidations shape near term volatility, and practical steps to manage entries, stops, and fees in CHF accounts without overreacting to short, sharp price swings.
BTC drops below $80,000 as longs get flushed
Bitcoin price today fell under $80,000 after a fast, forced selling wave. Derivatives data point to about $1.56 billion of long liquidations, which deepened the decline and thinned order books. Weekend trading likely added slippage. Ether weakened alongside BTC as traders cut risk. For context on the move, see coverage from Cash.ch source and Finanzen.net source.
For Swiss accounts, weekend volatility can widen spreads and delay fills, especially when converting CHF to USD on crypto venues or when trading ETPs on SIX. Funding swings and thin books can shift quotes quickly. We saw buyers step back, then selective bids return. Keeping orders as limits, not markets, helps reduce slippage when the tape is moving fast.
What to watch in spot and derivatives
Bitcoin price today reflects a positioning reset. When many longs are crowded, a quick drop triggers stops, then liquidations, then more selling. If funding turns negative and open interest drops, volatility can stay elevated. Traders often wait for calmer books and tighter spreads before adding size. A measured rebuild of positions usually follows a large flush.
The round $80,000 mark matters for trader psychology. Holding the low 80,000s tends to steady flows, while sustained trading in the upper 70,000s risks another deleveraging wave. A firm daily close back above recent breakdown levels would calm volatility. Until then, we expect range trading with quick reversals, so patience and staged orders can improve average entry.
Ethereum and cross‑market read
Ethereum price slipped in step with BTC as leverage reset across majors. ETH often lags on bounces when traders cut exposure broadly. The ETHBTC cross can stay soft during a BTC led unwind, then recover once spot demand stabilizes. For short term traders, that means careful sizing and avoiding chasing moves during thin liquidity periods.
When a BTC selloff forces liquidations, altcoins usually underperform. Liquidity concentrates in the largest pairs first, while smaller tokens see wider spreads and deeper wicks. We typically see volumes rotate back only after BTC and ETH stabilize. That makes disciplined risk limits and a cash buffer useful for Swiss portfolios seeking to buy weakness rather than panic.
Portfolio actions for CHF investors
Plan for volatility. Cap single coin exposure and use staggered buys. For example, split a CHF allocation into several limit orders set around preferred levels instead of a single trade. Keep stops outside obvious wick zones and size positions so a sharp move does not force a sale. Bitcoin price today is a reminder to protect capital first.
Execution matters. Compare CHF conversion costs, maker taker fees, and spreads on your broker or exchange. For ETPs on SIX, check bid ask depth and issuer spreads during off peak hours. Use limit orders and consider trading when liquidity improves to avoid paying up. Review custody setup, as moving assets during volatile windows can add costs.
Final Thoughts
Bitcoin price today under $80,000 reflects a typical leverage flush, with about $1.56B in crypto liquidations turning a drawdown into a fast slide. For Swiss investors, the key is process. Use limits, stage entries, and keep a cash buffer so you can add on stabilization rather than chase bounces. Watch whether spot demand returns in the low 80,000s and whether derivatives funding normalizes. Manage CHF execution costs and avoid oversized bets in thin conditions. If volatility stays high, smaller positions and wider stops can reduce stress while you wait for a clearer trend to form.
FAQs
Why did Bitcoin fall below $80,000 today?
A crowded long market met thin weekend liquidity. As prices dipped, stops triggered, then around $1.56B of long positions were liquidated, adding forced selling. That feedback loop pushed Bitcoin price today under $80,000 before buyers slowly returned and spreads began to normalize.
What do $1.56B in crypto liquidations imply for near term moves?
Large liquidations signal a positioning reset. Volatility often stays elevated as open interest shrinks and traders de risk. If demand does not rebuild, another leg lower can follow. If spot bids return and funding stabilizes, price action can base and grind higher as confidence improves.
How did the Ethereum price react to the BTC selloff?
Ethereum price fell alongside BTC as traders reduced risk across majors. ETH can lag on rebounds during a BTC led unwind. Once Bitcoin stabilizes and liquidity improves, ETH usually rebuilds flows, but short term, spreads can widen and quick moves make tight stops harder to maintain.
What should Swiss investors focus on after a BTC selloff?
Prioritize execution and risk. Use limit orders, stagger buys, and keep a cash buffer in CHF to avoid forced trades. Review fees and FX conversion costs, check liquidity on your venue, and size positions so a fast wick does not trigger unwanted exits during volatile hours.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
