On 6 February 2026, Strategy reported a Q4 2025 net loss of $12.4 billion, largely tied to a $17.4 billion unrealized fair-value charge on bitcoin. The firm held 713,502 BTC at a $54.26 billion cost basis, around $76,052 per BTC, and said shares fell about 17% as bitcoin traded in the $62,000–$65,000 range.

On Feb. 5, 2026, Bitcoin-buying firm Strategy reported a net loss of $12.4 billion for the fourth quarter of 2025 after Bitcoin fell 22% over the period to below $88,500. The company's revenue for the quarter rose 1.9% year-on-year to $123 million, but its share price dropped 17% to $107 as Bitcoin extended its decline and pushed Strategy's 713,502 BTC holdings 17.5% underwater. Executives Phong Le and Andrew Kang said Strategy still has a strong balance sheet, supported by $2.25 billion in cash and no major debt maturities until 2027.

In November 2021, Bitcoin set an all-time high near $69,000. On February 5, 2026, according to CoinMarketCap, BTC slid toward the low $60,000s and erased those gains as more than $1.5 billion in crypto positions were liquidated in 24 hours. The decline followed a leverage unwind, shifting focus to spot demand and the $60,000 area.

According to Cointelegraph, Bitcoin slipped below $63,000 on Thursday, marking its lowest level since November 2024 after a 30% retreat from a failed $90,500 push on Jan. 28. Deribit pricing shows March 27 $90,000 calls near $522, implying roughly 6% odds of a rebound, while $50,000 puts around $1,380 suggest about a 20% chance of deeper losses.

On February 5, 2026, Wall Street desks pivoted to downside scenarios as Bitcoin fell to $63,500 per TradingView, sliding from $70,000 earlier the same day and nearly 40% below its near‑$126,000 peak. Signals and cycle studies from 22V Research, Tallbacken Capital and Galaxy Digital highlighted potential levels near $60,000, $58,000, $45,000 and $35,200, alongside almost $4 billion in ETF outflows over three months.

On February 5, 2026, The Kobeissi Letter reported Bitcoin slipped below $66,000 for the first time since October 2024 and soon traded just above $65,000 amid "emotional" selling. Doctor Profit placed buy orders at $57k–$60k and plans to hold for 2–3 months, while XRP dropped nearly 20% in 24 hours to below $1.25.

On February 4, 2026, Arkham flagged two Bitcoin transfers from Druk Holding and Investments to QCP Capital totaling $22.4 million, split into 184.03 BTC ($14.09 million) and 100.82 BTC ($8.31 million). DHI's on-chain assets stand near about $412 million, mostly 5,700 BTC, as the 2024 halving reshaped mining economics. Historical flow data also ties activity to Binance and Celsius Network.

On 5 February 2026, JPMorgan strategist Nikolaos Panigirtzoglou argued that Bitcoin's steep slide of more than 40% from its October high has left it deeply oversold compared with gold, which has risen by about one-third since autumn. The bank says Bitcoin's current price below its estimated $87,000 production cost, combined with ETF outflows and extreme pessimism, could signal capitulation-level stress and a potentially attractive entry point for long-term investors.