BTC Rebounds Above $65K Amid $700M Asian Liquidations; Altcoins Whip-Swung

Bitcoin surged back above $65,000 on February 06 (03:17 UTC) after briefly testing $60,033 and wiping about $700 million in leveraged positions over the past four hours, per CoinGlass. The four-day decline has taken BTC more than 50% below its October peak. Altcoins mirrored the volatility, with Solana down as much as 14% before recovering. The rebound reflects strong support around $60,000 but remains fragile amid thinning liquidity and global market turbulence. Strategy Co. reported a $12.4B Q4 net loss driven by mark-to-market declines in its BTC holdings.