On 1 February 2026, cryptocurrency markets experienced a notable correction, with Bitcoin slipping below $80,000, the lowest level since April 2025. This decline triggered forced liquidations, particularly among leveraged positions, intensifying the downward pressure.
Major altcoins also fell, reflecting a broader market retracement beyond Bitcoin. Analysts are divided on whether this marks a deeper bearish trend or a short-term market adjustment, as some investors see potential stabilization near support zones.
The correction is attributed to profit-taking, thin liquidity, and risk-off sentiment spilling over from traditional markets. In the last 24 hours, the crypto market has seen approximately $2.5 billion in liquidations, highlighting the volatility during this pullback.
While prices are down 6–7%, experts suggest the correction could present buying opportunities for long-term investors if support levels hold and macro conditions remain stable.$BTC
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