Bitcoin Slides Below $67,000 as Crypto‑Market Losses Deepen
Total crypto market value slipped 3.6% to $2.34 trillion on Wednesday, with Bitcoin down more than 4% in 24 hours and a 10% loss for the week.
Market overview
Wednesday’s trading session saw a broad‑based retreat across the major digital assets. Bitcoin, the flagship cryptocurrency, traded around $66,300 at the time of writing, breaking the psychologically significant $67,000 barrier. The price decline represents a drop of over 4% in the past day and a 10% slide since the start of the week.
Ethereum also slipped back under the $2,000 mark, posting a near‑5% daily loss and an 11% weekly decline. The downward pressure extended to other large‑cap tokens: Binance Coin (BNB) fell 4.6% on the day and is off roughly 19% for the week, while Solana (SOL) lost close to 6% in the same period.
Overall, the total market capitalization of crypto assets shrank by 3.6% to about $2.34 trillion, marking the second consecutive day of double‑digit percentage losses for the sector.
Analyst perspectives
QCP Capital, in a research note released earlier today, warned that the market lacks a clear rebound catalyst. The firm highlighted that the Crypto Fear & Greed Index remains entrenched in “extreme fear,” a reading the analysts interpret less as capitulation and more as a fragile footing that could crack under renewed selling pressure.
Glassnode echoed this caution. In a recent post the analytics provider suggested that, assuming the early‑October 2025 peak was the end of the most recent bull run, the current cycle has experienced relatively modest drawdowns—comparable to those observed during the 2015‑2017 market phase.
Winners and losers among the top 100
Despite the general sell‑off, a few assets posted notable gains:
- Uniswap (UNI) surged more than 30% after news that BlackRock made a strategic investment in the decentralized exchange’s ecosystem.
- Provenance Blockchain (HASH) added roughly 6% to its price.
On the downside, the biggest decliners were:
- MYX Finance (MYX), which slumped more than 30% amid a broader risk‑off sentiment.
- World Liberty Financial (WLFI), linked to former President Trump, fell over 8% as investors continued to trim exposure to politically‑sensitive tokens.
Liquidations and trading activity
Data from CoinGlass indicate that roughly $390 million of leveraged positions were liquidated in the last 24 hours, the majority of which were long bets. Bitcoin accounted for about $157 million of those liquidations, while Ethereum contributed roughly $126 million. More than 120,000 traders were forced to exit their positions during the period.
ETF inflows and macro backdrop
Spot Bitcoin exchange‑traded funds (ETFs) recorded a third straight day of net inflows on Tuesday, pulling in $166.6 million and bringing cumulative inflows to $55 billion, according to SoSoValue. The combined net asset value of all Bitcoin ETFs now sits at $87.7 billion, with $3.38 billion traded on the day.
Spot Ethereum ETFs also saw net inflows for a second consecutive day, adding $13.8 million and raising total cumulative inflows to $11.8 billion. Their net assets stand at $11.7 billion.
On the macro side, U.S. labor data released on Wednesday showed a healthier‑than‑expected job market. Non‑farm payrolls rose by 130,000 in January, well above the 55,000 forecast, while the unemployment rate fell to 4.3% and the broader measure of labor underutilization dropped to 8%. The data eased concerns about a sharp slowdown in U.S. employment, though the impact on risk appetite in the cryptocurrency market remains muted.
Key takeaways
- Bitcoin’s breach of $67,000 underscores renewed selling pressure, with the broader market still entrenched in “extreme fear.”
- Ethereum and most large‑cap altcoins remain under pressure, reflecting a synchronized downturn across the sector.
- Uniswap’s rally shows that positive news—especially institutional involvement—can still generate isolated upside in an otherwise bearish environment.
- Liquidations exceeding $300 million indicate that leveraged participants are being aggressively squeezed out, potentially amplifying volatility.
- ETF inflows remain robust, suggesting continued institutional interest despite short‑term price weakness.
- U.S. employment data was stronger than expected, but the macro‑friendly signal has not yet translated into a crypto market rebound.
Investors should monitor the next wave of macro releases and any further institutional developments, as they will likely shape whether the market can break out of its current “thin ice” condition or face deeper corrections.
Source: https://thedefiant.io/news/markets/bitcoin-falls-below-usd67-000-market-update-feb-11-2026
