Bitcoin may need two years to flip $93,500 back to support

BitcoinBTCBTC prices set record lows, resulting in billions of dollar liquidation.

Important points

• Bitcoin liquidates $2,6 billion after its $10,000 red daily candle.

• BTC’s price has fallen more in percent terms on any given day since 2022.

• Bitcoin’s price may only return to $93,500 in 2028.

Bitcoin seals the biggest dollar decline in history

The Data of TradingView showed BTC/USD consolidating after bouncing from $59,930 — its first trip below the $60,000 mark since October 2024.

Sustained selling pressure Data from NASDAQ shows that the US session on Thursday ended in a cascade of liquidation, with positions worth $2.6 billion in cryptocurrency being wiped out within 24 hours. CoinGlass.

Crypto market participants commented that liquidation totals had surpassed the COVID-19 collapse from March 2020 as well as the reaction to exchange FTX’s implosion in late 2022.

Liquidations of $1.2B worth after COVID collapse.

FTX crash – $1.5B liquidation.

Today’s Random Thursday: $1,7 billion in liquidations. pic.twitter.com/iY1vaYCjnd

— Alex Mason 👁△ (@AlexMasonCrypto) February 5, 2026

Bitcoin’s price has also triggered historical bear market records in other markets.

In percentage terms, Thursday’s daily candle was the largest daily decline since the FTX debacle — an event that sparked the bear-market low of $15,600.

“The ETF holders have never experienced this kind of sell-off,” Joe Consorti, Head of Growth at Bitcoin Equity Company Horizon responded on XThe term refers to investors in exchange traded funds (ETFs) that are exposed to US Bitcoin spot.

The UK-based Investment firm reported net outflows on Thursday of $434 Million. Farside Investors.

BTC/USD has achieved a new unenviable feat. It fell by over $10,000 a day, for the very first time.

“Yesterday was the highest volume day on $BTC since August 2024,” Jelle Jelle added.

“One for the history books.”

BTC rate “trend reversal,” Just in 2028?

Crypto trader Rekt Capital, a crypto analyst and trader, said in a grim forecast for Bitcoin bulls that it may be as late as 2028 until a real rebound happens.

Related: Will Bitcoin rebound to $90K by March? Here’s what BTC options say

Rekt Capital, using BTC’s price cycle model, and a moving average crossover key at the beginning of January as their guide, predicts 2026 to be a year with a traditional bear market.

“Looks like it indeed is the year of the Bitcoin Bear Market,” He wrote in an X post.

“2027 will be the Bottoming Out year for BTC. And 2028 will be the Trend Reversal year where $93500 would be finally broken.”

Separate posts warned about “bearish acceleration” The BTC/USD market is again a replica of the bear markets in 2022.

#BTC

Bitcoin’s cycle has entered a phase of bearish acceleration.$BTC #Crypto #Bitcoin https://t.co/5H7VPvksnH pic.twitter.com/XnPU3FeNhO

— Rekt Capital (@rektcapital) February 5, 2026