Markets
What to know (or what to ignore, depending on your sanity):
- Bitcoin and its crypto chums decided to stop their weekend tantrum and bounced back after a sell-off that made even the most seasoned traders weep into their tea. Billions in liquidations? Just pocket change in the grand circus of finance!
- Those clever clogs at CF Benchmarks reckon this might be the end of a bearish saga that started with a deleveraging event in October 2025. Yes, the future is now, and it’s as confusing as a wizard trying to use a smartphone.
- Bitcoin’s wobbles are being blamed on U.S. regulators playing hardball and the Federal Reserve’s hawkish mood swings. Meanwhile, Asian markets and precious metals had a jolly good recovery, proving that not everything is doom and gloom-just mostly.
After a weekend of financial mayhem that saw prices plummet to depths not seen since last year’s pumpkin spice latte craze, Bitcoin and its token pals decided to dust themselves off and have a little bounce. Bitcoin flirted with $79,000 during the Asian morning, recovering from its weekend sulk near $74,000. Ether, Solana, BNB, XRP, and Cardano all joined the party, posting gains of 3% to 6%. Still, let’s not get too excited-most tokens are still nursing seven-day losses of up to 20%. Ouch.
The weekend’s drama was a proper capitulation, with long liquidations flying about like confetti at a clown convention and liquidity thinner than a Discworld vampire on a diet. CF Benchmarks reckons this could be the end of a bearish sequence that kicked off with the October 10, 2025 deleveraging event. Time travel, anyone?
“Bitcoin has completed its bearish tantrum, retesting-and briefly undercutting-the April 2025 ‘Liberation Day’ lows around $74,000,” said Gabe Selby, head of research at CF Benchmarks. “Massive long liquidations” were triggered, he added, thanks to risk-off flows and U.S. tech giants reporting earnings as exciting as watching paint dry.
Selby pointed out that Bitcoin’s woes are tied to regulatory headaches-because nothing says fun like stalled legislation-and the Fed’s hawkish whispers. Meanwhile, gold and silver’s pullbacks were more about crowded positioning than macro drivers. Go figure.
“Bitcoin’s at a clear inflection point,” Selby noted. “It needs aggressive, high-volume bidding to turn bullish. Fail to hold above these levels, and we’re looking at liquidation clusters below $70,000. Fun times!”
“Aggressive, high-volume bidding is needed to establish a new bullish market structure. Failure to hold above those levels keeps downside risks alive toward liquidation clusters below $70,000.”
Meanwhile, Asian markets had their strongest session since April’s “Liberation Day” rebound, with the MSCI Asia Pacific Index jumping 2.4% and South Korean stocks surging over 5%. U.S. equity futures also edged higher, thanks to Palantir’s upbeat guidance. Because nothing says stability like tech companies and their wild predictions.
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2026-02-03 08:04