The market has entered full capitulation mode.
By Maxime Laurent · 2026-02-05 09:10
The market has entered full capitulation mode.
$BTC breaks $71k, $ETH loses $2.1k, leverage explodes, and fear takes control everywhere.
This is what real stress looks like. $BTC pierced $71,000, $ETH slipped under $2,100, and liquidations crossed $830M in 24h. In less than a week, more than $6.7B in leveraged positions got wiped. Not trimmed — erased. From the top, $BTC is now -45%, back to prices we haven’t seen since November 2024. The entire post-election pump after Donald Trump’s victory? Completely gone.
Zoom out and the damage is massive. Since the October peak, roughly $1.9 trillion vanished from total crypto market cap. Institutions are backing away too: $1.6B exited Bitcoin ETF products in January alone. And yes — four red monthly closes in a row, something we hadn’t seen since 2018.
Sentiment confirms it. The Fear & Greed Index is stuck in extreme fear for one of its longest stretches in a year. Historically, that doesn’t mark the start of a drop — it usually shows up late, when exhaustion replaces panic.
In past cycles, this phase wasn’t a quick V-shape. In 2018, the market stayed here for months. This is not distribution anymore. This is reset territory. Ugly, slow, psychological. C’est la purge. 🧊
#bitcoin #btc #ethereum #eth #crypto #capitulation #markets #sentiment
$BTC breaks $71k, $ETH loses $2.1k, leverage explodes, and fear takes control everywhere.
This is what real stress looks like. $BTC pierced $71,000, $ETH slipped under $2,100, and liquidations crossed $830M in 24h. In less than a week, more than $6.7B in leveraged positions got wiped. Not trimmed — erased. From the top, $BTC is now -45%, back to prices we haven’t seen since November 2024. The entire post-election pump after Donald Trump’s victory? Completely gone.
Zoom out and the damage is massive. Since the October peak, roughly $1.9 trillion vanished from total crypto market cap. Institutions are backing away too: $1.6B exited Bitcoin ETF products in January alone. And yes — four red monthly closes in a row, something we hadn’t seen since 2018.
Sentiment confirms it. The Fear & Greed Index is stuck in extreme fear for one of its longest stretches in a year. Historically, that doesn’t mark the start of a drop — it usually shows up late, when exhaustion replaces panic.
In past cycles, this phase wasn’t a quick V-shape. In 2018, the market stayed here for months. This is not distribution anymore. This is reset territory. Ugly, slow, psychological. C’est la purge. 🧊
#bitcoin #btc #ethereum #eth #crypto #capitulation #markets #sentiment
Disclaimer: This content is for informational purposes only and not financial advice.