来源：经济观察网 经观新科技 2月6日凌晨，比特币价格较前一日下跌超过12%，一度触及60,062美元的低点，较2025年10月6日的历史高点126,000美元回落逾48%，也创下16个月以来的 新低。 Coinglass数据显示，比特币价格在2026年1月底徘徊于75,000美元至80,000美元区间，进入2月后，连续多日阴跌加剧。2月3日至4日价格已从约79,000美元区 间回落至75,000美元附近。2月5日成为转折点，早间即跌破70,000美元支撑，随后抛售加速。 剧烈的价格波动也使市场"爆仓"量剧增，通过期货或永续合约参与投资的资金，在保证金比率跌破交易所设定的比率要求时被强制平仓。Coinglass数据显 示，2月5日—6日，比特币多头资金相关清算金额达10.96亿美元，空头资金清算金额约2.48亿美元，爆仓交易者超过57万人。 美国财经媒体以"2022年崩盘以来加密货币最糟糕的一天"为题，报道了此次加密货币市场的大跌，报道还聚焦比特币财库公司Strategy（NASDAQ: MSTR），该公司近期公布2025年第四季度财报，录得约124亿美元的季度亏损，主要源于比特币价格从2025年末高点大幅回 ...

Core Viewpoint - The cryptocurrency market, particularly Bitcoin, experienced significant declines, with Bitcoin dropping over 12% to a low of $60,062, marking a 48% decrease from its historical high of $126,000 in October 2025, and reaching a 16-month low [1] Group 1: Bitcoin Price Movement - Bitcoin's price fluctuated between $75,000 and $80,000 at the end of January 2026, but began to decline in early February, falling from approximately $79,000 to around $75,000 [1] - On February 5, Bitcoin broke below the $70,000 support level, leading to accelerated sell-offs [1] - The forced liquidation of leveraged positions resulted in a significant increase in market "liquidation" amounts, with over $10.96 billion in long positions and approximately $2.48 billion in short positions being liquidated [1] Group 2: Factors Influencing the Decline - The recent Bitcoin sell-off is attributed to multiple factors, including forced liquidations of leveraged positions, increased volatility in safe-haven assets like gold, a general pullback in tech stocks, and profit-taking by investors following the "Trump pro-crypto policy" [1] - Bitcoin has erased all gains since Trump's 2024 election victory [1] Group 3: Impact on Strategy Company - Strategy, the largest corporate holder of Bitcoin, reported a quarterly loss of approximately $12.4 billion for Q4 2025, primarily due to the significant drop in Bitcoin prices [2] - The company's stock price has fallen over 44% in the past six months, reflecting the downturn in Bitcoin [2] - Strategy's "Bitcoin treasury strategy," initiated by co-founder Michael Saylor, is facing severe challenges as the company holds 713,502 Bitcoins at an average purchase price of $76,052 per coin, totaling a cost of $54.26 billion [3] Group 4: Market Sentiment and Predictions - Notable investor Cathie Wood expressed a misjudgment regarding the market's downward cycle, previously stating that Bitcoin was in a mature phase [3] - Wood also criticized a trading platform for a software failure that led to forced liquidations of approximately $28 billion, exacerbating Bitcoin's decline from its peak [4] - The narrative of Bitcoin as "digital gold" is being tested, as Bitcoin has declined by about 30% since January 2025, while gold has appreciated by approximately 85% during the same period [4]

Core Insights - Trump Media Technology Group's share buyback plan will be funded separately from its Bitcoin treasury, indicating a strategic separation of funding sources [1] Group 1 - The share buyback plan will not alter the strategy regarding the Bitcoin treasury [1]