#BitcoinHitsBearMarketLow

Bitcoin, having lost approximately 50% of its value from its all-time high of $126,000 reached in early October 2025, fell to around $63,000 by February 6, 2026, marking its lowest point since October 2024. Facing a sharp sell-off of 10-14% in the last 24 hours, BTC tested the $60,000-$62,000 range, triggering the first major "crypto winter" panic of 2026. Market analysts point to the forced closing of leveraged positions, whale selling, and outflows from institutional ETFs as accelerating this decline, while many experts predict the bottom of the bear market could be in the $55,000-$60,000 range or lower. With the fear index at record lows, comments among investors suggesting the beginning of a "capitulation" phase are becoming widespread.