{"id":418792,"date":"2026-02-05T15:01:04","date_gmt":"2026-02-05T09:31:04","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-sees-first-69000-dip-in-15-months-as-someone-enormous-sells-crypto-news\/"},"modified":"2026-02-05T15:10:33","modified_gmt":"2026-02-05T09:40:33","slug":"bitcoin-sees-first-69000-dip-in-15-months-as-someone-enormous-sells-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-sees-first-69000-dip-in-15-months-as-someone-enormous-sells-crypto-news\/","title":{"rendered":"Bitcoin Sees First $69,000 Dip in 15 Months as &#8216;Someone Enormous&#8217; Sells &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-testid=\"html-renderer-container\">\n<p>Bitcoin (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\">BTC<\/a>) fell below $70,000 on Thursday as suspicions over coordinated selling boiled over.<\/p>\n<p><strong>Key points:<\/strong><\/p>\n<ul>\n<li>\n<p data-ct-non-breakable=\"undefined\">Bitcoin tumbles below 2021 highs for the first time since November 2024.<\/p>\n<\/li>\n<li>\n<p data-ct-non-breakable=\"undefined\">Gold and silver volatility spark copycat BTC price maneuvers as lower targets stay in play.<\/p>\n<\/li>\n<li>\n<p>Market participants say that large entities are selling BTC on a schedule.<\/p>\n<\/li>\n<\/ul>\n<h2>Bitcoin collapses to $69,000 in fresh cascade<\/h2>\n<p data-ct-non-breakable=\"undefined\">Data from <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BITSTAMP\" rel=\"noopener nofollow\" target=\"_blank\">TradingView<\/a> captured new 15-month BTC price lows of $69,100 on Bitstamp during the Asia trading session.<\/p>\n<figure><figcaption style=\"text-align: center;\"><em>BTC\/USD one-hour chart. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<p>The latest plunge marked Bitcoin\u2019s first trip to the $60,000 range since early November 2024. In doing so, it sparked $130 million of crypto long liquidations over four hours, per data from monitoring resource <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/liquidations\" rel=\"noopener nofollow\" target=\"_blank\">CoinGlass<\/a>.\u00a0<\/p>\n<figure>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-02\/019c2ce0-c2e5-71e3-83b9-80152f5dda7b.png\" title=\"\"\/><figcaption style=\"text-align: center;\"><em>Crypto liquidations (screenshot). Source: CoinGlass<\/em><\/figcaption><\/figure>\n<p>Bitcoin moved in step with a flash reversal on precious metals.\u00a0<\/p>\n<p>Gold, which the day prior had seen a relief bounce to $5,100 per ounce, fell as low as $4,789 Thursday before again targeting the $5,000 mark.<\/p>\n<p>Silver, meanwhile, gyrated between $90 and $73 per ounce as volatility stayed in control.<\/p>\n<figure>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-02\/019c2ce0-0233-74a5-82b9-ecddd7790bfc.png\" title=\"\"\/><figcaption style=\"text-align: center;\"><em>XAG\/USD one-day chart. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<p>\u201c$BTC has entered a key support zone,\u201d trader CW warned in a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/CW8900\/status\/2019298407245049949\" rel=\"noopener nofollow\" target=\"_blank\">post on X<\/a>.\u00a0<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cIf it fails to support the 69k level, another significant decline could occur.\u201d<\/p><\/blockquote>\n<figure>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-02\/019c2cdc-fa8b-7167-9174-b2ca2ae3f609.png\" title=\"\"\/><figcaption style=\"text-align: center;\"><em>BTC\/USDT one-day chart. Source: CW\/X<\/em><\/figcaption><\/figure>\n<p>Earlier, traders gave various BTC price bottom targets of interest, with these including the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-loses-crucial-84k-support-how-low-can-btc-price-go\">area around $50,000<\/a>. Directly below $69,000, meanwhile, lies the key 200-week exponential moving average (EMA) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-key-trendline-68k-lining-up-save-btc-price-traders\">support trend line<\/a>.<\/p>\n<figure>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-02\/019c2cdd-e25d-7e58-906a-a299e9d83bd5.png\" title=\"\"\/><figcaption style=\"text-align: center;\"><em>BTC\/USD one-week chart with 200EMA. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<p>Reacting, crypto entrepreneur Alistair Milne agreed with observations from longtime trader Peter Brandt. Bitcoin, the latter argued, was the victim of \u201ccampaign selling.\u201d<\/p>\n<p>\u201cAgree with this take. Someone enormous is unloading to a deadline,\u201d Milne <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/alistairmilne\/status\/2019302397856694403\" rel=\"noopener nofollow\" target=\"_blank\">responded<\/a> on X.<\/p>\n<p>The post likened the current sell-side pressure to when the government of Germany <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/germany-lost-124m-profit-selling-bitcoin\" rel=\"\" target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/germany-lost-124m-profit-selling-bitcoin\">distributed its BTC holdings<\/a> to the market, suggesting that coins were being \u201chanded over to OTC desks who simply execute.\u201d\u00a0<\/p>\n<p>\u201cFor me it started 14th Jan,\u201d he added.<\/p>\n<h2>Coinbase Premium undercuts Liberation Day low<\/h2>\n<p data-ct-non-breakable=\"undefined\">Nic Puckrin, CEO of crypto education resource Coin Bureau, likewise <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/nicrypto\/status\/2019276252725801221\" rel=\"noopener nofollow\" target=\"_blank\">flagged<\/a> \u201clarge selling\u201d by whales during US hours.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-crypto-winter-soon-over-bitwise-exec-gold-retargets-5k\"><em><strong>Bitcoin, crypto \u2018winter\u2019 soon over, says Bitwise exec as gold retargets $5K<\/strong><\/em><\/a><\/p>\n<p>As <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/btc-price-heads-back-to-2021-five-things-bitcoin-this-week\">Cointelegraph reported<\/a>, the negative Coinbase Premium, which measures the difference in price between Coinbase\u2019s BTC\/USD and Binance\u2019s BTC\/USDT pairs, highlighted the lack of overall US Bitcoin demand.<\/p>\n<p>\u201cThe Coinbase Premium is the lowest it has been in over a year. It&#8217;s even lower than post liberation day tariffs,\u201d Puckrin noted.<\/p>\n<p>He added that selling pressure would continue until the premium changed course.<\/p>\n<figure>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-02\/019c2cdb-d28d-783f-810f-bff7bfde358b.png\" title=\"\"\/><figcaption style=\"text-align: center;\"><em>Coinbase Premium Index. Source: Nic Puckrin\/X<\/em><\/figcaption><\/figure>\n<p>Charles Edwards, founder of quantitative Bitcoin and digital asset fund Capriole Investments, said that \u201cOG\u201d whales were behaving as if BTC\/USD were at all-time highs.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin&#8217;s at $72K and the OG whales continue to dump like we&#8217;re still at $125K <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/prL68L8Lhi\" rel=\"nofollow\">pic.twitter.com\/prL68L8Lhi<\/a><\/p>\n<p>\u2014 Charles Edwards (@caprioleio) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/caprioleio\/status\/2019203544092668080?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 5, 2026<\/a><\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" data-ct-non-breakable=\"undefined\" label=\"Subscription Form: Markets Outlook\"\/><\/div>\n<p data-testid=\"post-category-disclaimer\"><!----><span class=\"[&#038;_a:hover]:no-underline [&#038;_a]:underline\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.<\/span><\/p>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) fell below $70,000 on Thursday as suspicions over coordinated selling boiled over. Key points: Bitcoin tumbles below 2021 highs for the first time since November 2024. Gold and silver volatility spark copycat BTC price maneuvers as lower targets stay in play. Market participants say that large entities are selling BTC on a schedule. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":418793,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-418792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/418792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=418792"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/418792\/revisions"}],"predecessor-version":[{"id":418794,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/418792\/revisions\/418794"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/418793"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=418792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=418792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=418792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}