Hello Friends. Today, February 4, 2026, we notice that the drop of $BTC continues. Bitcoin is undergoing a day of high volatility and bearish pressure, reaching lows not seen in 15 months (hovering around $72,000 - $74,000 after being much higher.

The drop is not due to a single factor, but to a "perfect storm" of macroeconomic and geopolitical causes:

1. Geopolitical Tensions (Iran Factor). The market is reacting with fear to the escalation of tensions between the U.S. and Iran. Recent incidents have driven up oil prices and, as often happens, investors flee from risk assets (like cryptocurrencies) to traditional havens like gold.

2. The Federal Reserve (Fed) and Kevin Warsh

The recent election of Kevin Warsh as the next president of the Fed has generated nervousness. Warsh could keep interest rates high for longer. This reduces liquidity in the system, directly impacting Bitcoin.

3. Massive Liquidations. The initial drop triggered a chain reaction. In the last 24 hours, over $2,500 million in trading positions (mainly from those betting that prices would rise) have been liquidated.

4. Broken Technical Levels Losing the psychological support of $78,000 activated many automatic sell orders. Analysts are now watching $70,000 or even $68,400 as the next points where the price could attempt to stabilize.

5. Global Risk Aversion: The Nasdaq 100 has dropped 2% today, dragged down by a massive liquidation in the tech sector (led by disappointments in the results of Microsoft and other Big Tech).

In summary, the "Fear and Greed" index is at Extreme Fear levels (14/100). Higher than yesterday. Although figures like Michael Saylor continue to buy, the overall market is cautious, waiting for clearer signals regarding U.S. economic policy.

In this condition, whales take advantage to increase their holdings.