Crypto market crashed but rebounded by Friday - Fixygen review

06.02.2026    20:01

The week of February 2-6, 2026, was marked by a sharp risk-off mode: BTC crashed to around $60,000 at one point, then rebounded, but still showed the worst weekly performance since the end of 2022.

By Friday, Bitcoin had recovered to $65,894 (+4.4% for the day), but remained down approximately 14% for the week.

Ethereum was around $1,889 by the end of the week, compared to $2,344 at the beginning of the week (approximately -19%).

XRP fell from approximately $1.62 to $1.30 (about -20%).

Solana fell from approximately $104 to $84 (about -19%).

The key blow came on February 5: the market saw a “sell-off day” comparable in scale to the worst sessions since 2022, amid de-risking and shoulder exits.

A number of factors then came into play: the weakness of risky assets, nervousness around macro expectations, and a rapid “reversal” of positioning from cautious to defensive.

Against the backdrop of the decline in BTC, outflows from US spot Bitcoin ETFs intensified: in just one session of the week, net outflows amounted to about $545 million, and in two consecutive days - about $817 million.

At the same time, the market experienced a wave of liquidations: in one day, the volume of liquidations in crypto derivatives exceeded $1.4 billion (according to aggregate estimates).

On February 6, the Crypto Fear & Greed Index fell to 9 points — the “extreme fear” zone, a level that the media compared to the period of FTX stress.

If ETF outflows and liquidations begin to subside, the market may hold on to the rebound as “technical.” If flows remain negative and risk assets generally weaken, pressure on crypto will continue (especially on altcoins with high beta sensitivity).

Теги:   Fixygen Crypto Market Переглядів:   113