Why did Bitcoin price today fall below US$65,000?

A sharp crypto market selloff drove forced liquidations after the loss of US$70,000, with over US$2 billion in positions closed. U.S. spot ETFs also turned net sellers, removing a recent demand tailwind. Weak risk sentiment across equities added pressure, pushing price briefly below US$61,000.

Is US$60,000 likely to hold as support?

US$60,000 is a key psychological and technical level. If price holds and volume improves, a base can form. A clean break, especially on high volume, would signal more downside risk and a longer repair phase. We prefer staged entries and clear stop levels around this area.

How should Hong Kong investors adjust during this crypto market selloff?

Translate U.S. levels into HKD to set sizing and risk. Use limit orders, avoid leverage, and split orders across time. Consider spreads, conversion fees, and overnight volatility that peaks during U.S. hours. Keep total crypto exposure within a preset range and raise cash if risk tolerance is stressed.

Are ETF outflows the main driver of the dip in Bitcoin price today?

They are an important factor but not the only one. ETF outflows removed steady spot demand, which hurt momentum. The move also coincided with broad risk-off and heavy derivatives liquidations. We track flows, liquidity, and price behavior together to judge whether pressure is easing or building.

Global Market Insights

BTCUSD Today: Sub-$65K as $500B Crypto Wipeout Deepens – February 06

ByHuzaifa Zahoor February 6, 2026February 6, 2026

Bitcoin price today slid under US$65,000, briefly dipping below US$61,000 (about HK$476,000), after a sharp crypto market selloff. Roughly US$500 billion in value vanished and over US$2 billion in forced liquidations hit leveraged traders. U.S. spot ETFs turned net sellers, adding pressure after the loss of US$70,000. For Hong Kong investors, the focus shifts to the US$60,000 (about HK$468,000) support and execution discipline. We track Bitcoin (BTCUSD) closely as liquidity, ETF flows, and risk appetite drive the next move for Bitcoin price today.