Bitcoin Tests $75,000 as Risk-Off Trade Sweeps Crypto

Bitcoin (BTC) fell below $75,000 over the past 24 hours as of February 2, briefly touching lows around $74,700 on some exchanges amid a sharp sell-off across the crypto market. It has since rebounded, trading near $76,600, but the drop triggered more than $797 million in liquidations of leveraged positions and underscored persistent bearish pressure in the market. Weekend Sell-Off Sparks Bitcoin Drop The move unfolded during thin weekend trading, when lower liquidity amplified price volatility. Bitcoin broke below the key $82,500 support level, setting off a cascade of liquidations in leveraged long positions and sparking a broader deleveraging

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