Bitcoin prices slid again on Wednesday, February 4, as the world’s largest cryptocurrency struggled to regain balance after weeks of heavy selling and rising nervousness across global markets.
In early Asian trading, Bitcoin dipped to $73,072.44 at around 12:05 am before recovering slightly. The digital asset later touched a daily high of $76,820 near 2:10 am. Despite the bounce, sentiment remained weak. Over the past 24 hours, Bitcoin was down by about 3.57 percent and was hovering close to the $76,000 level.
The latest prices highlight how sharply Bitcoin has fallen in recent weeks. On January 15, 2026, Bitcoin was trading at $97,585.15. Compared with current levels near $76,000, this marks a drop of roughly $21,500, or around 22 percent in less than three weeks. The decline looks even steeper when set against earlier highs.
On October 7, 2025, Bitcoin stood at $124,752.13, meaning it has lost nearly $49,000 in value, a fall of close to 39 percent from that point.
Selling pressure has been building for days. On Tuesday, February 3, Bitcoin slid to $73,111, a price last seen in early November 2024. The broader downtrend has been in place since late 2025, after Bitcoin reached an all-time high of $126,080 in October. From February to March, prices moved sideways around $80,000 before turning lower. Other cryptoassets have followed the same path, adding weight to the decline.
On-chain data points to growing stress among investors. Glassnode manager Sean Rose said around 44 percent of Bitcoin’s supply is now in unrealised loss. A fall of about 30 percent from the recent $108,000 peak reduced the share of coins still in profit from 78 percent to 56 percent. At the same time, CoinGlass data showed futures liquidations of about $704 million over the past 24 hours, underlining how quickly leveraged positions are being wiped out.
Technical indicators are also flashing warning signs. The relative strength index has slipped into oversold territory with a reading of 30. Analysts at The Block said that if the current pattern mirrors the 2022 bear market bottom, Bitcoin prices could still fall another 20 percent, potentially testing the $60,000 level.
Broader market worries are adding to the pressure. Uncertainty around a possible US government shutdown has weighed on risk assets, while equities have also struggled. The Nasdaq Composite fell 2.2 percent, and crypto-linked stocks moved lower. Coinbase shares dropped 6 percent, while Strategy fell more than 8 percent. Only mining firm Terawulf managed to post gains.
There was one bright spot earlier this week. On February 2, spot Bitcoin exchange-traded funds attracted $561.9 million in inflows, snapping a two-week run of outflows. Even so, traders say market conditions remain tense, with confidence fragile and volatility likely to stay high in the days ahead.
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