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What crashed Bitcoin? Three theories behind BTC’s trip below $60K

February 7, 2026 by DIGIT
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What crashed Bitcoin? Three theories behind BTC's trip below $60K

Hong Kong hedge funds’ leveraged BTC price bets are emerging as the main trigger behind Bitcoin’s sharp month-long sell-off.

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Stay updated with the latest trends and expert analyses in cryptocurrency on Digit Info, your go-to site for auto-bookmarked crypto news and insights from top sites

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  • bitcoinBitcoin(BTC)$69,388.00-0.18%
  • ethereumEthereum(ETH)$2,051.251.94%
  • tetherTether(USDT)$1.00-0.06%
  • binancecoinBNB(BNB)$643.51-2.06%
  • rippleXRP(XRP)$1.42-6.51%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$87.141.81%
  • tronTRON(TRX)$0.2755621.17%
  • dogecoinDogecoin(DOGE)$0.097539-1.14%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.03-0.30%
© 2026 DIGIT INFO • Built with GeneratePress
  • bitcoinBitcoin(BTC)$69,388.00-0.18%
  • ethereumEthereum(ETH)$2,051.251.94%
  • tetherTether(USDT)$1.00-0.06%
  • binancecoinBNB(BNB)$643.51-2.06%
  • rippleXRP(XRP)$1.42-6.51%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$87.141.81%
  • tronTRON(TRX)$0.2755621.17%
  • dogecoinDogecoin(DOGE)$0.097539-1.14%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.03-0.30%