In early February 2026, Bitcoin experienced a notable drop to around $60,000 amid broad market selloff and cross-asset deleveraging, sparking speculation about large-scale fund liquidations. Industry insiders, however, found no substantial evidence of a major crypto fund collapse, attributing the downturn instead to macroeconomic pressures and significant ETF outflows. The incident underscores the increasing intertwining of crypto markets with traditional financial systems, where macroeconomic events, such as currency fluctuations and changes in Federal Reserve leadership, can precipitate cross-asset selloffs that significantly impact digital assets.
Bitcoin selloff inspired by TradFi liquidation rumors
