{"id":93900,"date":"2026-02-04T10:40:38","date_gmt":"2026-02-04T07:40:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=93900"},"modified":"2026-02-05T10:59:04","modified_gmt":"2026-02-05T07:59:04","slug":"bitcoin-slumps-to-its-lowest-since-november-2024","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-slumps-to-its-lowest-since-november-2024\/","title":{"rendered":"Bitcoin slumps to its lowest since November 2024"},"content":{"rendered":"

On 3 February, bitcoin fell to $73,111 \u2014 a level last seen in early November 2024.<\/p>\n

\"BTCUSDT_2026-02-04_09-40-56\"
15-minute BTC\/USDT chart on Binance. Source: TradingVIew<\/a>.<\/figcaption><\/figure>\n

At the time of writing, the \u201cdigital gold\u201d trades at $76,715 (down 2.3% over 24 hours).<\/p>\n

In October 2025, the price reached<\/a> an all-time high of $126,080. From February to March bitcoin consolidated around $80,000, then turned lower. Other cryptoassets have reinforced the downtrend.<\/p>\n

Glassnode manager Sean Rose noted<\/a> that 44% of bitcoin\u2019s supply is in unrealised loss. A 30% drop from the recent $108,000 peak cut the share of profitable coins from 78% to 56%.<\/p>\n

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\u201cBuyers who entered the market near the all-time high now sit on losses. Investors\u2019 patience and conviction will be tested in the coming weeks,\u201d Rose said.<\/em><\/p>\n<\/blockquote>\n

According to CoinGlass, futures liquidations over the past 24 hours totalled $704 million.<\/p>\n

\"\u0421\u043d\u0438\u043c\u043e\u043a
Source: CoinGlass<\/a>.<\/figcaption><\/figure>\n

The RSI<\/a> slipped into oversold territory (reading 30). Analysts at The Block noted that if the pattern mirrors the 2022 bear-market bottom, prices could fall a further 20% to $60,000.<\/p>\n

Macro backdrop and altcoins<\/h2>\n

Additional pressure comes from macroeconomic uncertainty around a possible US government shutdown. Equities are soft too: the Nasdaq Composite lost<\/a> 2.2%.<\/p>\n

Major altcoins followed bitcoin:<\/p>\n