Altcoins News

Story: Bitcoin Crashes Below Key Support as Bear Market Deepens

By Dan Saada

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Bitcoin crashed hard. The crypto market's seeing its worst stretch in months as selling pressure mounts and key technical levels get smashed.

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CryptoQuant dropped a bombshell report on February 7 that pretty much confirms what traders feared.

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The technical picture got even worse when Bitcoin fell below the Traders' On-chain Realized Price, a level that used to act as solid support during the bull run.

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Demand basically disappeared. The Coinbase Bitcoin Price Premium turned negative, which means U.S. buyers aren't stepping up like they used to.

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The numbers don't lie - annual demand shriveled from 1.1 million BTC down to just 77,000. That kind of drop usually means the party's over for this cycle.

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Tether's market cap growth went negative for the first time since October 2023, dropping $133 million. The stablecoin had peaked at $15.

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Binance reported trading volumes dropped 40% since November 2025. The world's biggest crypto exchange seeing that kind of decline means retail traders and institutions alike are…

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JPMorgan analysts said on February 3 that this looks just like early 2022 all over again. They pointed out that institutional buyers aren't showing up to support prices like they…

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Grayscale cut its Bitcoin holdings by 10% over the past month, according to their February 5 announcement.

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Ethereum dropped below $5,000 for the first time since mid-2025. The second-biggest crypto following Bitcoin down shows this isn't just about one coin - the whole market's in…

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The SEC postponed decisions on several Bitcoin ETF applications on February 6. Regulatory uncertainty always makes crypto markets more volatile, and the timing couldn't be worse.

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Michael Novogratz warned investors on February 4 to brace for "prolonged volatility." The Galaxy Digital CEO compared current conditions to previous down cycles and basically…

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Kraken saw user activity drop 35% compared to November 2025 levels. Another major exchange reporting declining engagement confirms that retail interest is fading fast.

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CoinShares reported $150 million in outflows from crypto investment products over the past week.

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MicroStrategy stopped buying Bitcoin in December 2025, CEO Michael Saylor confirmed on February 6.

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