{"id":21578,"date":"2026-02-09T08:22:42","date_gmt":"2026-02-09T08:22:42","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-price-reclaims-70k-amidst-short-liquidations-and-etf-inflows-will-it-break-out\/"},"modified":"2026-02-09T08:22:51","modified_gmt":"2026-02-09T08:22:51","slug":"bitcoin-price-reclaims-70k-amidst-short-liquidations-and-etf-inflows-will-it-break-out","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-price-reclaims-70k-amidst-short-liquidations-and-etf-inflows-will-it-break-out\/","title":{"rendered":"Bitcoin price reclaims $70K amidst short liquidations and ETF inflows, will it break out?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin price rebounded to an intraday high of $71,850 on Monday after it reclaimed the $70,000 psychological support amid a spike in short liquidations and a fresh macro catalyst.<\/p>\n<div id=\"cn-block-summary-block_1395edf934b881097fae82a27bde0441\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin price rallied to nearly $72,000 on Monday morning.<\/li>\n<li>Bitcoin ETFs ended their 3-day outflow trend with $371 million in inflows.<\/li>\n<li>Technical indicators hint at a bearish outlook for BTC price in the short term.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Bitcoin (BTC) surged back above the $70,000 psychological support level late Sunday before pushing higher to a daily high of $71,852 on Monday morning during Asian trading hours.<\/p>\n<p>Trading at $70,847 when writing, its rally follows a volatile week where it had plummeted to a 16-month low of approximately $60,033 amid macroeconomic and geopolitical concerns. These included the nomination of Kevin Warsh as the U.S. Federal Reserve Chair, which has brought a hawkish air towards monetary policy due to his reputation for prioritizing inflation control, and the threat of a U.S. government shutdown as the funding crisis escalated before being resolved by a new spending bill.<\/p>\n<p>Amidst the market-wide blood bath that followed, the Fear and Greed <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\" target=\"_blank\" rel=\"nofollow\">Index<\/a> used to gauge investor sentiment fell to a level of six. This represents one of its lowest readings ever and indicates extreme fear in the market. Such levels were last seen during major market crashes, including the COVID-19 downturn and the collapse of FTX, when panic gripped the global financial landscape.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h1 class=\"wp-block-heading\">Why did Bitcoin price rebound today?<\/h1>\n<p>The Bitcoin price rebound today follows renewed inflows into its spot exchange-traded funds. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\" target=\"_blank\" rel=\"nofollow\">Data<\/a> from SoSoValue shows that spot Bitcoin ETFs recorded $371 million in net inflows on Feb. 6, breaking a three-day outflow streak that saw $1.25 billion exit the funds.<\/p>\n<p>Traders may interpret such inflows as a sign that institutional investors may be returning to the market, which in turn could bolster retail confidence and boost short-term price momentum if such flows continue throughout this week.<\/p>\n<p>However, it must be noted that a similar pattern unfolded over the previous trading sessions, where modest inflows were posted after several days of outflows, but it failed to translate into sustained multi-day accumulation, as selling pressure resumed almost immediately.<\/p>\n<p>Another major catalyst for Bitcoin\u2019s uptick today was the supermajority victory of Prime Minister Sanae Takaichi in Japan\u2019s general election. Her mandate for an aggressive $135 billion expansionary fiscal stimulus package fueled a record 3.4% surge in the Nikkei 225, which rippled into risk assets, especially Bitcoin.<\/p>\n<p>Analysts also note that last week\u2019s drop to $60,000 served as a litmus test that washed out excessive leverage and speculative weak players. Meanwhile, data from CoinGlass shows that nearly $180 million of short positions were liquidated in the past 24 hours, nearly six times the liquidations from long positions.<\/p>\n<p>When traders with short positions get liquidated, they have to buy back the asset to cover their positions, which in turn creates strong upward pressure on the price.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin price analysis<\/h2>\n<p>The daily chart shows that Bitcoin has rebounded back above the $70,000 support level, which it had been struggling to maintain throughout the recent period of volatility.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Bitcoin price, MACD, and Aroon chart \u2014 Jan. 9 | Source: crypto.news<\/figcaption><\/figure>\n<p>The MACD indicator shows early signs of a bullish crossover forming, which means bulls are starting to regain control of the market momentum. However, the Aroon indicator presents a more cautious outlook with the Aroon Down still at 75.8%, significantly higher than its Up counterpart, suggesting that the downtrend in the market is yet to be fully dissipated.<\/p>\n<p>Based on these mixed signals, the most likely short-term scenario appears to be still bearish with Bitcoin likely to drop below $70,000 and lower if market sell pressure continues to dominate. On the contrary, a sustained rebound above its April 2025 low of over $74,500 could serve as a key entry point for a more definitive trend reversal.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price rebounded to an intraday high of $71,850 on Monday after it reclaimed the $70,000 psychological support amid a spike in short liquidations and a fresh macro catalyst. Summary&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=21578"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21578\/revisions"}],"predecessor-version":[{"id":21579,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21578\/revisions\/21579"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15733"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=21578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=21578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=21578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}