Vantage notes Bitcoin whipsaws as $60,000 emerges as key support

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Bitcoin whipsaws as $60,000

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Mikhail Vnuchkov

06.02.2026

Vantage notes Bitcoin whipsaws as $60,000 emerges as key support — Vantage highlights renewed Bitcoin volatility

Bitcoin markets remain unsettled after a sharp bout of volatility sent prices tumbling toward $60,000 before a partial rebound, according to a market update published by Vantage.

Bitcoin slid roughly 4.8% (in 24H) to around $60,000 before recovering to about $65,900 during Asian trading, following a 13% plunge on Thursday, its largest single-day drop since November 2022.

The abrupt swings underscore a market still grappling with fragile sentiment and heavy leverage, rather than renewed conviction among long-term investors.

Leverage driven liquidations dominate price action

Vantage noted that liquidations surged past $700 million within hours, with approximately $530 million in long positions and $170 million in shorts wiped out during the move. The imbalance highlights how leveraged positioning continues to amplify price swings, particularly during periods of thin liquidity.

Market participants are now closely watching $60,000 as a key psychological support level. A sustained break below that threshold could prompt further deleveraging, while a successful defense may stabilize near-term trading conditions. Analysts cited by Vantage argue that recent price behavior reflects forced position unwinds rather than fresh capital entering the market.

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Spillovers and broader market implications

The turbulence has extended beyond crypto markets into balance sheets linked to digital assets. Vantage pointed to a reported $12.4 billion fourth-quarter loss at Strategy, the company led by Michael Saylor, as an example of how prolonged volatility can affect crypto-exposed firms. Such spillovers add to caution among investors already wary of macroeconomic uncertainty and tightening financial conditions.

Despite the rebound from intraday lows, risk appetite remains fragile. Vantage said volatility is likely to stay elevated as traders reassess positioning and await clearer signals on whether Bitcoin can establish a durable base above current levels.

About Vantage

Vantage provides access to global financial markets, including forex, indices, commodities, and cryptocurrencies, offering tools designed to help traders navigate fast-moving conditions. The platform emphasizes market analysis, risk management features, and flexible trading environments suited to volatile assets.

How to get started with Vantage:

1. Register a trading account

2. Fund the account

3. Select crypto markets

4. Trade with risk management tools

As Bitcoin hovers near critical support, traders will be watching closely for signs of stabilization—or renewed stress—in the days ahead.

We also reported that Vantage Markets launches 2026 demo trading competition.

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