Why did the Bitcoin price fall below $70,000 today?

A mix of spot Bitcoin ETF outflows, negative funding rates, and thin liquidity pushed price through stops. That triggered over $1B in crypto liquidations and forced deleveraging, which added momentum. Sentiment also weakened after Michael Burry’s warning, so bids pulled back and the market repriced risk quickly.

How do Bitcoin ETF outflows affect the Bitcoin price?

Spot ETF outflows remove steady buy-side demand and can push creation-redemption desks to sell spot. When this lines up with negative funding and high leverage, it amplifies downside. The reverse is also true. Consistent inflows often support the Bitcoin price by absorbing supply during weak sessions.

What are crypto liquidations and why do they matter?

Crypto liquidations occur when leveraged positions hit margin thresholds and exchanges close them. Large, clustered liquidations can speed up moves, create gaps in order books, and shake confidence. After big liquidation waves, volatility often stays high until leverage resets and funding stabilizes.

How should Swiss investors react to sharp Bitcoin price drops?

First, size down and avoid impulsive buys. Decide if you want USD-CHF exposure or prefer hedged products. Compare total costs across ETPs, brokers, and exchanges. For long-term plans, use staged entries or DCA. For trades, use limit orders, clear invalidation levels, and respect stop losses.

Global Market Insights

BTCUSD Today: Sub-$70K, $1B Liquidations as Burry Warns – February 6

ByHuzaifa Zahoor February 6, 2026February 6, 2026

The Bitcoin price slipped under $70,000 today, with over $1B in crypto liquidations as funding turned negative and spot ETF flows reversed. The move leaves BTCUSD near multi‑month lows while Michael Burry’s “death spiral” warning chills risk appetite. Swiss investors face an extra USD-CHF layer, so position sizing and entry method matter. We break down what drove the drop, how Burry’s view feeds sentiment, the Swiss lens on costs and access, and what to watch next.