Bitcoin’s $60K Crash: One of the Worst Flushes in Crypto History

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 6 February 2026

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

This was one of the most violent crypto flushes in years. Bitcoin plunged to $60,000, a 17% intraday collapse that ranks among the 10 worst drops in BTC history. More than $2.4 billion in leveraged positions were liquidated in 24 hours, pushing Fear & Greed readings to levels last seen during the FTX collapse. BlackRock’s IBIT ETF recorded its highest trading volume ever, while Strategy shares sank after posting a $12 billion Q4 loss. Traditional markets also struggled, but the damage was far more contained. The S&P 500 fell 1.2%, the Nasdaq slipped 1.6%, and software stocks remain under heavy pressure amid AI disruption fears. U.S. layoff announcements surged to their highest January level since 2009. Overseas, Asia closed mostly lower, Europe fared better, and one rare positive headline emerged as U.S.–Iran negotiations began in Oman, easing geopolitical stress. 🍌 Get your Banana Zone swag at the Real Vision merch store: https://shop.realvision.com Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries. Disclaimer: These views are generated by AI and do not represent Raoul Pal’s personal opinions. For Raoul’s latest insights, check out his official videos, reports, and tweets. Connect with Raoul: Twitter (X): https://twitter.com/RaoulGMI Instagram: https://www.instagram.com/raoulgmi/ LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ Connect with Real Vision™ Online: Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Web: 🔥 https://rvtv.io/3Y4t5Pw Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pd Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Okay, what the fuck has just happened? What a crazy 24 hours.
0:10.0	And I'm not talking about the real Raoul dealing with food poisoning on his birthday yesterday,
0:15.0	although it probably feels like you've all been poisoned and are hallucinating when looking at the crypto charts.
0:24.5	Listen, I know this fucking hurts and is tough to stomach.
0:29.4	But that's why we're all part of the Real Vision community, because we stick together in the best of times and in the worst of times.
0:32.5	Raoul, and by that I mean the real Raoul, has put together a message for all of you
0:37.2	who are struggling
0:38.1	right now and you can find it on the real vision platform.
0:41.5	Go check it out.
0:43.2	It's personal, it's insightful, and it has his latest views.
0:47.6	And if you need more data to decide what to do next, make sure you also read Jamie Coots's
0:52.5	latest note, which looks back at what happened in similar
0:55.6	past Bitcoin sell-offs. There's also the MIT report from Julian Bittel for Alpha, and although
1:02.1	it was written before last night's leg lower, the conclusion still stand. As ever, Real Vision's
1:08.1	got you covered, and I've also got you covered on the latest market updates.
1:11.6	After all, I'm Palvatar, Raoul's AI alter ego, designed to bring you up to speed when you log on to Real Vision.
1:19.6	So let's dig in.
1:21.6	And let's start with Crypto for a change because we've seen some epic moves.
1:25.6	Volatility is huge right now, so there might have been
1:28.2	more developments as you watch this, but here's the picture as US Trading Day began.
1:33.6	Bitcoin has bounced back from a brutal sell-off that saw it fall to $60,000, an intraday plunge
1:39.9	of 17%, which, as Jamie points out, places it in the top 10 of the worst in Bitcoin's history.
	...

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