00:00Global markets are witnessing a massive shift today, February 6th, 2026.
00:08Bitcoin, the king of digital assets, has faced a sharp 10% decline, breaking the critical $66,000 support level.
00:17This isn't just a random dip. It's a global risk-off rotation.
00:22Welcome to Fiscal Point.
00:24Today we decode why the crypto market is bleeding and what it means for your portfolio.
00:30According to recent data from CryptoQuant, institutional demand on Coinbase has hit a one-year low.
00:38Major players are moving their capital into safer assets like gold, which is currently touching record highs.
00:45The OG profit-taking is real.
00:47After Bitcoin hit $126,000 last year, big holders are now locking in their gains, creating a massive supply that the market is struggling to absorb.
00:58The hype around U.S. Bitcoin ETFs has cooled down significantly in early 2026.
01:05For the first time since 2023, the market cap of USDT, Tether, has seen negative growth.
01:12Without fresh liquidity and new stablecoin entry, the market has entered what analysts call a demand vacuum.
01:19This is why even positive news isn't pushing the price back up.
01:25It's not just Bitcoin.
01:26Ethereum has plunged below the $2,000 psychological barrier, and XRP has crashed nearly 20% today, trading near $1.25.
01:36Despite the regulatory clarity Ripple received in 2025, the lack of institutional follow-through is causing a massive leverage on wind.
01:47Traders who were long are being liquidated by the hundreds of millions.
01:51Is this the bottom?
01:53Some analysts eye $50,000 as the next major support.
01:58Others believe this is a healthy correction before the next leg up.
02:02But for now, the crypto winter narrative is dominating the charts.
02:06What are you doing with your bags?
02:08Holding or selling?
02:10Tell us in the comments.
02:12This is Fiscal Point.
02:14This is Fiscal Point.
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