{"id":67612,"date":"2026-02-05T11:16:09","date_gmt":"2026-02-05T11:16:09","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-erases-15-months-of-gains-falls-below-70k-amid-840m-liquidations\/"},"modified":"2026-02-05T11:16:09","modified_gmt":"2026-02-05T11:16:09","slug":"bitcoin-erases-15-months-of-gains-falls-below-70k-amid-840m-liquidations","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-erases-15-months-of-gains-falls-below-70k-amid-840m-liquidations\/","title":{"rendered":"Bitcoin erases 15 months of gains, falls below $70K amid $840M liquidations"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/ChatGPT-Image-Feb-5-2026-04_15_16-PM-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/ChatGPT-Image-Feb-5-2026-04_15_16-PM-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/ChatGPT-Image-Feb-5-2026-04_15_16-PM-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/ChatGPT-Image-Feb-5-2026-04_15_16-PM-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Bitcoin temporarily fell below $70,000, erasing gains built over the past 15 months.<\/li>\n<li>Over $840 million in leveraged long positions were liquidated during the sell-off.<\/li>\n<li>Traders now watch $65,000 support and $72,000 resistance for direction.<\/li>\n<\/ul>\n<p>Bitcoin has suffered one of its sharpest corrections in recent years, wiping out roughly 15 months of bull market gains in a swift and brutal sell-off.<\/p>\n<p>The world\u2019s largest cryptocurrency temporarily plunged below the psychologically important $70,000 level, shocking traders who had grown accustomed to sustained upside momentum.<\/p>\n<p>The move did not happen in isolation, as it was accompanied by heavy liquidations, weakening sentiment, and visible stress across centralised exchanges.<\/p>\n<p>What initially appeared to be a routine pullback quickly evolved into a deeper reset for <a href=\"https:\/\/coinjournal.net\/news\/sui-slides-amid-crypto-selloff-as-hashkey-exchange-confirms-new-listing\/\">the broader crypto market<\/a>.<\/p>\n<h2>Bitcoin price crash wipes out 15 months\u2019 gains<\/h2>\n<p>Bitcoin\u2019s drop to the $69,000\u2013$70,000 range marked its lowest level in around 15 months, effectively erasing much of the progress made during the previous bull cycle.<\/p>\n<p>This decline pushed BTC back toward price zones last seen before institutional inflows and ETF-driven optimism reshaped market expectations.<\/p>\n<p>As the price broke below the key support level at $70,000, selling pressure intensified, and confidence among short-term traders deteriorated rapidly.<\/p>\n<p>The correction also dragged down major altcoins, reinforcing the idea that this was a market-wide deleveraging event rather than a Bitcoin-only move.<\/p>\n<p>From a market structure perspective, the fall represented a decisive break from the higher-highs and higher-lows pattern that had defined Bitcoin\u2019s uptrend.<\/p>\n<h2>Liquidations accelerate the sell-off<\/h2>\n<p>One of the most significant drivers behind the crash was a massive wave of forced liquidations across crypto derivatives markets.<\/p>\n<p><a href=\"https:\/\/www.coinglass.com\/liquidations\">CoinGlass data<\/a> shows that more than $840 million worth of leveraged positions were wiped out in a short period, with long positions accounting for the majority of losses.<\/p>\n<p>As Bitcoin slipped below critical price thresholds, automated liquidation engines kicked in, amplifying downside momentum.<\/p>\n<p>This cascade effect turned a controlled decline into a sharp flush, catching overleveraged traders off guard.<\/p>\n<p>The liquidation-heavy nature of the drop suggests the move was driven more by market positioning than by a single fundamental catalyst.<\/p>\n<p>After months of elevated leverage and crowded long trades, the market finally reached a breaking point.<\/p>\n<h2>Massive Bitcoin outflows from exchanges<\/h2>\n<p>At the same time, on-chain data from CryptoQuant shows notable Bitcoin outflows from major exchanges, particularly Binance.<\/p>\n<figure id=\"attachment_360450\" aria-describedby=\"caption-attachment-360450\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"wp-image-360450 size-full\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/02\/Bitcoin-outflows.png\" alt=\"Net Bitcoin inflows\" width=\"1579\" height=\"757\"\/><figcaption id=\"caption-attachment-360450\" class=\"wp-caption-text\">Bitcoin exchange netflow | Source: <a href=\"https:\/\/cryptoquant.com\/asset\/btc\/chart\/exchange-flows\/exchange-netflow-total?exchange=all_exchange&amp;window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=column\">CryptoQuant<\/a><\/figcaption><\/figure>\n<p>A community-driven withdrawal campaign contributed to a sharp net outflow of BTC, briefly reducing exchange reserves.<\/p>\n<p>In <a href=\"https:\/\/www.binance.com\/en\/square\/post\/35894542074138\">a\u00a0<\/a><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\"><a href=\"https:\/\/www.binance.com\/en\/square\/post\/35894542074138\" target=\"_blank\" rel=\"noopener\">recent press release<\/a>, Binance publicly addressed speculation about these movements, denying claims of financial instability and emphasising<\/span>\u00a0that withdrawals were proceeding normally.<\/p>\n<p>The exchange also encouraged users to practice self-custody if they felt uncertain, which further highlighted shifting trust dynamics within the market.<\/p>\n<p>Despite the price crash, some analysts view sustained exchange outflows as a sign that long-term holders are not panic-selling.<\/p>\n<p>This divergence between short-term trader behaviour and longer-term investor positioning adds complexity to the current market narrative.<\/p>\n<h2>Bitcoin price forecast \u2013 what to look at in the coming days<\/h2>\n<p>Looking ahead, traders should closely watch several key levels as Bitcoin attempts to stabilise after the sell-off.<\/p>\n<p>The $70,000 zone now acts as immediate support, and a break below this level could push the price towards the $65,000 area, which stands out as a major support zone, as it aligns with previous consolidation ranges.<\/p>\n<figure id=\"attachment_360451\" aria-describedby=\"caption-attachment-360451\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"wp-image-360451 size-full\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/02\/Bitcoin-price-chart.png\" alt=\"BTC price analysis\" width=\"1367\" height=\"900\"\/><figcaption id=\"caption-attachment-360451\" class=\"wp-caption-text\">BTC price chart | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/n7WskMvZ\/?symbol=BINANCE%3ABTCUSD\">TradingView<\/a><\/figcaption><\/figure>\n<p>A deeper breakdown could expose Bitcoin to a move toward the $60,000 psychological level, where buyers may attempt a stronger defence.<\/p>\n<p>On the upside, a sustained recovery above $72,000 would be an early sign that selling pressure is easing.<\/p>\n<p>For now, volatility remains elevated, and traders are likely to stay cautious until Bitcoin establishes a clearer direction.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-erases-15-months-of-gains-falls-below-70k-amid-840m-liquidations\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin temporarily fell below $70,000, erasing gains built over the past 15 months. Over $840 million in leveraged long positions were liquidated during the sell-off. Traders now watch $65,000 support and $72,000 resistance for direction. Bitcoin has suffered one of its [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":67613,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/67612"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=67612"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/67612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/67613"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=67612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=67612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=67612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}