This weekly crypto market update breaks down what actually moved prices and liquidity in the past 7 days — with live price context, flows, macro pressure, and positioning insights.
1) Weekly Crypto Market Update: Market Snapshot (Past 7 Days)
Bitcoin (BTC): Bitcoin rallied sharply after a brutal selloff, reclaiming the ~$70,000 area following a low near ~$60,000 — one of its weakest levels in over a year. Price action reflected a washout of leveraged long positions and renewed short-term demand near major support zones.
Ethereum (ETH): Ethereum followed Bitcoin’s path, bottoming near multi-month lows before participating in the rebound. ETH’s risk-off price behavior mirrored broader liquidations and sentiment stress.
Frame for the week: Crash → washout → technical rebound. The market experienced a deep correction, followed by short-term accumulation and price stabilization near critical support.
SPI takeaway: Volatility remains high, and while the rebound is healthy as a technical event, true structural strength requires sustained liquidity inflows — beyond short squeezes and rebound trades.
2) Top 10 Crypto Stories That Mattered (Past 7 Days)
i. Bitcoin Rebounds Sharply From $60K Washout
What happened: After a deep selloff to the ~$60,000 area, BTC staged a technical rebound above $70,000, reflecting short-covering and defensive buying.
Why it matters: Rebounds can retrace forced selling, but *sustained demand* needs to prove itself. Technical strength can be fragile without follow-through flows.
Most impacted tickers: BTC, ETH
ii. Market Selloff Hit Worst Levels in a Year
What happened: Bitcoin briefly fell below $65,000 — its lowest since the 2024 election — as risk assets and leveraged positions unwound.
Why it matters: Breaking long-standing supports often signals a repricing of risk, not just a short-term correction.
Most impacted tickers: BTC, ETH
iii. Broader Crypto Market Cap Shocks Near $2T Loss
What happened: Total crypto market value saw multi-trillion-dollar drawdowns before partial stabilization.
Why it matters: Broad drawdowns often compress risk appetite and reduce speculative participation.
Most impacted tickers: Large-cap ecosystem
iv. Workforce Adjustments Across Exchanges Highlight Stress
What happened: Gemini announced layoffs and pullbacks in international operations amid continued price pressure.
Why it matters: Vaulted sell pressure tends to ripple into infrastructure sectors as revenues shrink.
Most impacted tickers: Exchange infrastructure
v. Leverage Unwinds Continue to Fuel Volatility
What happened: Weekly reports noted billions in crypto liquidations as price swings tight-roped over leveraged trades.
Why it matters: Liquidations add mechanical selling pressure and amplify volatility beyond spot flows.
Most impacted tickers: BTC derivatives, ETH
vi. ETF Flows Show Mixed Signals in Early February
What happened: Spot Bitcoin ETF flows rebounded modestly, though aggregated positioning still showed hesitancy.
Why it matters: ETF capital flows remain a critical institutional signal — inflows provide structural support; outflows weaken conviction.
Most impacted tickers: BTC ETF complex
vii. Macro Risk Remains a Dominant Factor
What happened: Macro uncertainty and broader risk-off conditions continued to dictate price action, as cross-asset correlation remained elevated.
Why it matters: Crypto hasn’t decoupled from traditional risk assets during stress, and risk preferences tilt capital away quickly.
Most impacted tickers: BTC, ETH
viii. Retail Fear & Greed Deepens
What happened: Fear and Greed indices remained deeply in fear territory as price drawdowns continued into the week.
Why it matters: Extreme fear often signals capitulation or trend exhaustion — but only if flows shift concurrently.
Most impacted tickers: Retail-oriented markets
ix. Technical Levels Define Next Key Zones
What happened: Analysts highlighted $72K as a critical pivot; reclaiming that level consistently could signal broader stabilization.
Why it matters: Key support/resistance structures often define short-term psychology.
Most impacted tickers: BTC, ETH
x. Risk Asset Machinery Still Driving Moves
What happened: Crypto’s correlation with risky assets (tech stocks, leveraged markets) stayed intact, showing that macro factors still dominate price action.
Why it matters: Crypto behaves like a risk beta instrument — not an uncorrelated asset — in stressed environments.
Most impacted tickers: All markets
3) What SPI Readers Should Do This Week (Simple Action Plan)
- i. Recognize this as a volatility washout week — size positions smaller than usual.
- ii. Watch spot ETF flows — sustained inflows matter more than short spikes.
- iii. Avoid leverage traps in choppy regimes.
- iv. Use key price levels ($70K–$72K) as reference for risk management.
- v. Track macro catalysts (jobs, CPI, Fed minutes) as short-term drivers.
For DeFi positions, start with the SPI risk process: DeFi Safety Checklist (SPI) .
4) Sources (Light, Current)
- Economic Times — BTC rebounds above $70K after washout (9 Feb 2026)
- Reuters — BTC rallies above $70K amid stabilizing risk assets (6 Feb 2026)
- Investopedia — Broad crypto weakness & ETF outflows (6 Feb 2026)
- Times of India — ~$2T wiped off crypto market cap (6 Feb 2026)
Nothing here is financial advice. This is educational intelligence to help you think clearly and act safely.
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