Bitcoin slides below $70,000 on 5 February, revisiting late-2021 price zone amid heavy selloff

On 5 February, Bitcoin extended its decline below $70,000, returning to price levels last seen in late 2021 as spot and derivatives markets came under intense selling pressure. BTC traded near $67,400, more than 7.5% lower on the day, while on-chain and volume data signaled forced liquidations, reduced exposure by large holders, and a fragile technical structure around the $70,000–$72,000 region.