Bitcoin Falls Below $70,000 to $69,864 Amid Last Week’s Volatile Selloff

Bitcoin closed below $70,000 at $69,864 on February 09, 2026, following a volatile week that saw it drop to $60,033 and later rally above $70,000. The plunge lifted the Bitcoin Volatility Implied Volatility Index to 97%, its highest intraday level since 2022. Analysts note the broader selloff purged speculative froth, with U.S. Bitcoin ETF inflows reaching $221 million on February 06. If Bitcoin remains above its $58,000 200-week moving average, technicals suggest support at $60,000 and resistance at $73,000–$75,000, with a break above $75,000 potentially opening the path to $81,000.