Why is the Bitcoin price down today?

Selling pressure is coming from two places. Derivatives liquidations are forcing exits as margin calls hit, and spot ETF outflows are removing steady demand. With fewer expected Fed cuts and a recent RBA hike, risk appetite is weaker, so rallies fade faster and intraday ranges widen.

What levels are key for the Bitcoin price now?

We are watching $74,421 as the 1‑year low. On the upside, $84,200 to $88,700 is a resistance zone around Bollinger and 50‑day averages, with the middle band near $88,709. A strong daily close back above that zone would improve momentum and reduce downside risk.

How are ETF outflows affecting the Bitcoin price?

Outflows lead to redemptions, which prompt market makers to sell Bitcoin, pressuring price. They also signal weaker demand from larger pools of capital. Sustained net outflows can keep rallies capped, while a turn back to net inflows would support bids and narrow spreads.

What should Australian investors consider during a crypto rout?

Focus on risk controls. Size positions smaller, use ATR‑based stops, and prefer limit orders. Remember AUD moves can change your realised returns, so consider currency impact. Monitor ETF flows, funding rates, and daily closes. If investing, dollar‑cost averaging reduces timing risk and helps maintain discipline.

Global Market Insights

BTCUSD Today, February 4: Rout Erases Nearly $500B as Liquidations Mount

ByHuzaifa Zahoor February 4, 2026February 4, 2026

The Bitcoin price is sliding as a broad crypto rout deepens. At our last check, BTCUSD traded near $78,648 USD, down 6.94% on the day, with volatility spiking. Derivatives liquidations and accelerating ETF outflows are pressuring bids, while fewer expected Fed cuts and the recent RBA hike weaken risk appetite in Australia. We break down the drivers, the key chart levels, and what this means for local investors who price returns in AUD and trade across overlapping US and Asia sessions.