What exactly caused the Bithumb $40bn error?

Bithumb reportedly credited customers with around 620,000 BTC by mistake. The exchange reversed 99.7% of the balances, but 86 users managed to sell 1,788 BTC before accounts were frozen. Regulators opened a probe. The event highlights how system controls and change management can fail, creating price dislocations and operational risk.

How could South Korea crypto rules affect Bitcoin price today?

Tougher rules can change how exchanges custody assets, manage liquidity, and report reserves. That can lift costs, reduce leverage, and shift order-book depth. Markets tend to price these changes quickly, so headlines may drive short-term swings in Bitcoin price today, even before any formal rules are implemented.

What levels should Indian traders watch after the glitch?

Near-term, watch $68,403 as support and $70,490 as resistance. A push above $70,490 could target the $71,408 monthly model level, while a break under $68,403 risks a move toward $65,000. With ATR near 3,253, consider smaller positions, wider stops, and staged orders to handle volatility.

Is it a good time to buy BTC after the crypto exchange glitch?

It depends on your timeframe. Traders may wait for a clear reclaim of $70,000 and a hold above $70,490. Long-term investors could use disciplined DCA, given volatility. Always define risk first, use reputable platforms, and avoid chasing spikes driven by exchange-specific headlines.

Global Market Insights

BTCUSD Today: February 10 – Bithumb $40bn error spurs Korea crackdown

ByDanny Kontos February 10, 2026February 10, 2026

Bitcoin price today is around $68,666, down about 2.30%, as the pair BTCUSD faces fallout from the Bithumb $40bn error and signals of tougher South Korea crypto rules. The exchange credited 620,000 BTC by mistake, with 1,788 BTC sold before freezes. While 99.7% was reversed, trust took a hit. For Indian investors, headline risk can push spreads wider and lift intraday swings. We map key levels, policy watchpoints, and a clear plan for the week.