Bitcoin Loses $10,000 in a Single Day, Recovery Not Possible Until 2028
Bitcoin Loses $10,000 in a Single Day, Recovery Not Possible Until 2028
Bitcoin (BTC) recorded the largest single-day drop in its history, plunging by $10,000 in just one day, prompting grim forecasts that it could take more than two years for prices to recover.
According to crypto-focused media outlet Cointelegraph on February 6 (local time), Bitcoin posted a massive bearish candle exceeding a $10,000 decline over the past 24 hours, marking the largest one-day dollar loss in the history of digital assets. The price fell as low as $59,930 intraday, slipping below the $60,000 level for the first time since October 2024. Data analytics platform CoinGlass estimated that $2.6 billion worth of positions were forcibly liquidated during the crash, far surpassing the $1.2 billion seen during the March 2020 COVID-19 pandemic shock and the $1.5 billion liquidations during the late-2022 FTX collapse.
Price volatility also reached historic extremes. In percentage terms, this decline marks the steepest drop since the FTX crisis, when Bitcoin plunged to around $15,600 during the 2022 bear market. Joe Consorti, Head of Growth at Bitcoin asset manager Horizon, stated, “Spot Bitcoin ETF investors have likely never experienced capitulation at this level before.” On the same day, investment research firm Farside Investors reported net outflows of $434 million from U.S. spot Bitcoin ETFs.
The most shocking outlook concerns the timeline for price recovery. Crypto analyst Rekt Capital, citing Bitcoin price cycle models, projected that Bitcoin may not reclaim its previous all-time high near $93,500 until 2028. He analyzed that Bitcoin has entered an accelerated decline phase reminiscent of the 2022 bear market, predicting that 2026 will be a typical bear-market year, with a bottoming process only beginning in 2027.
Market trading volume also hit extraordinary levels. An anonymous trader known as Jelle noted that this downturn recorded the highest trading volume since August 2024, calling it a historic event. Analysts warned that additional downside pressure could intensify now that Bitcoin has lost the crucial technical and psychological support level of $60,000. The current market structure mirrors the fear seen in 2022, fueling growing caution that investors should brace for a prolonged downturn rather than expect a short-term rebound.
Ultimately, the Bitcoin market has entered a harsh period of adjustment aimed at clearing speculative excesses and establishing a new price order. The record $2.6 billion in liquidations and the largest single-day drop in history underscore the significant erosion of the market’s underlying strength. Investors have reached a juncture where, as Rekt Capital warns, they must closely monitor the long-term trajectory that could extend through 2028 and prioritize rigorous risk management.
*Disclaimer: This article is for investment reference only, and no responsibility is assumed for any investment losses incurred based on its content. The information provided should be interpreted solely for informational purposes.*
<저작권자 ⓒ 코인리더스 무단전재 및 재배포 금지>
|
  많이 본 기사
English 많이 본 기사
|
