Bitcoin Faces Key Weekly Test at $68.4K as ETF Redemptions Hit $2.8B

Bitcoin has traded near $75,980 as U.S. desks opened Feb. 4, 2026, with traders marking $74,400 and $70,000 as near-term supports and the 200-week EMA around $68,400. Some have pointed to a $55.7K–$58.2K band while spot ETF redemptions have neared $2.8B. Desks shifted from buy dips to sell rips now.