Bitcoin Price Crash: VanEck Analyst Explains What Triggered the Drop

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Bitcoin's price dropped by 19% to $60,000 due to massive deleveraging and miners selling, rather than a single event, with futures open interest declining by over 20%.

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Market impact analysis based on bearish sentiment with 90% confidence.

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Bearish
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90%
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Last week, Bitcoin (CRYPTO: BTC) experienced a significant drop, plummeting to a low of $60,000, marking a 19% decline. The downturn is attributed to multiple factors, including massive deleveraging and miners being forced to sell, rather than a single catastrophic event. According to reports, futures open interest has dropped from $61 billion to $49 billion within a week, indicating a more than 20% decline in borrowed bets against Bitcoin. This drop in leverage parallels the decline in Bitcoin’

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ملخص

Bitcoin's price dropped by 19% to $60,000 due to massive deleveraging and miners selling, rather than a single event, with futures open interest declining by over 20%.

تأثير السوق

Market impact analysis based on bearish sentiment with 90% confidence.

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المقال الأصلي منشور بواسطة Yahoo Finance في فبراير 9, 2026.
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