Bitcoin Rebounds to $67K Amid 'Fear and Fatigue,' Faces Worst Week Since 2022 (BTC-USD)

Bitcoin (BTC-USD) rose to nearly $67,000 on February 6 after a 13% drop on Thursday sent prices to as low as $61,000, the steepest one-day decline since November 2022. The week remains on track for the worst since 2022, with the price down over 50% from its October all-time high above $126,000. Ether (ETH) traded near $1,900, down about 15% over the past five sessions. Year-to-date, bitcoin is down roughly 23%, with four consecutive monthly declines in January. Head of digital assets at Fundstrat, Sean Farrell, increased net long exposure to 80% but left room for a potential retest of the $50,000s. 10X Research noted overexposure of bitcoin ETF holders averaging about $90,000, with a similar dynamic playing out in ethereum ETFs, complicating inflows and allocations amid broader equity and metals weakness.