Bitcoin’s sharp sell-off to the $75,000 zone may have marked a temporary bottom, despite ongoing volatility and risk-off sentiment across global markets.
BTC briefly dipped to $74,680 after more than $1.8 billion in bullish leveraged positions were liquidated during the recent market downturn. The move coincided with investors rotating into cash and short-term government bonds, while silver prices collapsed 41% in just three days, signaling broad stress across risk assets.
Still, several indicators suggest Bitcoin could hold above $75,000 through 2026.
First, U.S. Treasury yields show no signs of panic. The 2-year yield remained steady at 3.54%, indicating that capital is not aggressively fleeing into government-backed safe havens. Historically, deeper risk aversion has pushed yields much lower.
Second, equity markets remain resilient. The S&P 500 is trading less than 0.5% below its all-time high, suggesting investors expect a quick resolution to the latest U.S. government shutdown and limited spillover into broader financial markets.
Third, Bitcoin derivatives markets are holding up despite the drawdown. BTC is down over 40% from its October 2025 peak near $126,000, yet futures markets show no signs of stress. Open interest sits near $40 billion, down just 10% over the past month, while the futures basis remains positive at around 3%, avoiding bearish inversion.
Fourth, ETF outflows appear manageable. Spot Bitcoin ETFs have seen roughly $3.2 billion in net outflows since mid-January, but that represents less than 3% of total assets under management. Fears around forced selling, including speculation involving Strategy (MSTR), have also eased after the company disclosed $1.44 billion in cash reserves and no liquidation triggers tied to Bitcoin’s price.
While near-term price pressure may persist as traders digest macro uncertainty, derivatives data, capital flows, and market structure suggest the $75,000 level could act as a durable support zone rather than a breakdown point.
