Glassnode flags second-biggest Bitcoin capitulation since October 2025

On February 5, 2026, Glassnode reported a renewed spike in Bitcoin’s forced-selling metric last seen on October 10, 2025. BTC briefly dropped below $70,000 and then recovered to $70,171.86, as whales sold 14,095 BTC and over 30,000 small retail wallets capitulated. Some analysts expect further liquidations, with a potential local bottom near $50,000.