Real Vision: Finance & Investing Bitcoin’s $60K Crash: One of the Worst Flushes in Crypto History
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Feb 6, 2026 A sudden 17% Bitcoin plunge to $60K and one of BTC’s biggest intraday drops. Over $2.4 billion in leveraged positions wiped out and altcoins tumbled. Fear and greed gauges collapsed to near-FTX panic levels. Strategy shares posted a huge $12 billion Q4 hit. US markets dipped, software and AI-exposed names fell, and layoffs hit a January high not seen since 2009.
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Read Curated Analysis Before Acting
- If you're struggling after the crash, Raoul Pal posted a personal message on Real Vision you should read.
- Also review Jamie Coutts' note and the MIT report from Julian Bittle for data-driven context.
Historic BTC Flash Crash
- Bitcoin suffered a 17% intraday plunge to $60,000, ranking among its top 10 worst drops historically.
- The move unwound roughly $2.4 billion in leveraged positions and crushed market sentiment to extreme Fear & Greed lows.
Sentiment Plunged To Panic Levels
- Fear & Greed gauges hit multi-month lows, comparable to readings during the FTX collapse.
- CoinMarketCap's measure dropped to 5, the lowest since it began tracking in mid-2023, signaling panic-level sentiment.