Bitcoin spirals toward $60,000, headed for worst drawdown since FTX crash

    https://www.coindesk.com/markets/2026/02/05/bitcoin-drops-below-usd65-000-heading-to-worst-one-day-drawdown-since-ftx-blowup

    Posted by goldyluckinblokchain

    21 Comments

    1. There is no support tbh. Mstr might very well collapse tomorrow and that will further spiral and frankly i dont see a bottom (for this cycle)

    2. does anyone have expertise provide intel on large and institutional ownership selling now, where for them, selling is out of the ordinary?

    3. The price action just seems surreal these past days, constant relentless selling.

      Yet I am pretty emotionless on my spot bags.

    4. I bought when it was well below $60k. But man it hurts to see it nosedive because I’m not in a position to buy more right now.

    5. I guess it’s time to turn back on my DCA. I turned it off for the first time after we crossed $100k. Feels a bit nostalgic.

    6. IDK who is selling me this Bitcoin so cheap, but I assume it’s the same people that bought my Bitcoin at $120K.

      Either way, thank you – you are not the first to doubt the Bitcoin cycle and pay the price. You won’t be the last.

      You sacrifice is much appreciated 🫡

    7. TFW BTC reached ~3000 USD per, there i was seriously doubting btc’s future, – going to 0? – Now we heading to 60K from 120ish highs… The comparison can’t be similar.

    8. I’ve started buying again. I realize that we’re not near the bottom yet, but that’s alright.

    Leave A Reply
    Share via