Why did bitcoin fall below $80,000 today?

Selling picked up after reports tied Kevin Warsh to the Fed Chair role, which sparked a risk-off move. That shift triggered over $2.5 billion in crypto liquidation of long positions, while ETF outflows added pressure. With thin liquidity and weak momentum, price quickly probed support zones before stabilizing near the $78,000 area.

What key technical levels should I watch now?

$74,000 is the key support, and a firm reclaim of $80,000 would help confirm a short-term floor. ATR near 3,252 points to wide ranges. RSI around 49 is neutral, so look for higher lows and stronger volume before buying dips. Failed retests of $80,000 can lead to faster downside moves.

How do ETF outflows affect bitcoin price?

ETF outflows remove steady spot demand, which weakens bids and can amplify downside during risk-off periods. When outflows persist, market makers hedge by selling futures or spot, which can pressure price further. Inflows often do the opposite by providing consistent buy-side flow that supports recovery attempts and reduces volatility over time.

What can Singapore investors do during high volatility?

Use small position sizes and pre-set stops. Favor staged entries near key levels and only after confirmation. Consider protective puts or put spreads instead of leverage. Keep balances on reputable, regulated venues, and hold extra SGD cash for rebalancing. If investing, dollar-cost averaging can smooth entry risk across choppy sessions.

Global Market Insights

BTCUSD Today: February 3, Below $80K as $2.5B Longs Liquidated

ByDanny Kontos February 3, 2026February 3, 2026

The bitcoin price usd fell below $80,000 today, with BTCUSD briefly nearing $74,500 as risk-off flows followed reports of Kevin Warsh becoming the next Fed Chair. Over $2.5 billion in long positions were liquidated while ETF outflows continued, pressing sentiment. BTC price today sits near $78,648 after a volatile session that ranged from $75,644 to $84,138. We break down what drove the slide, why options skew matters, and how Singapore investors can plan around key $74,000 and $80,000 levels.