Factors Behind the Sharp Decline in the Crypto Market Last Night

SybilAttackVictim · 2026-02-09T09:13:46+00:00

The financial market recently faced significant pressure from negative macro and micro factors, leading to a major liquidity gap. Geopolitical uncertainty and disappointing tech earnings triggered declines, notably Microsoft's revenue affecting investor sentiment. The crypto market also saw volatility, with Bitcoin dropping below $84,000 after high liquidation levels. Investors will need to navigate these challenges in the coming days.

SybilAttackVictim

2026-02-09 09:13:46

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The financial market has just experienced a volatile trading session with multiple negative factors simultaneously impacting it. The combination of macro and micro elements has created a perfect storm for assets, from technology stocks to the crypto market. Pressure from various directions has resulted in a significant liquidity gap, forcing investors to face increased liquidations.

Geopolitical Factors and Tech Decline Create Initial Pressure

Geopolitical uncertainty, especially in the Middle East region, has become a key factor triggering the decline. At the same time, Microsoft’s earnings report has heightened concerns in the tech sector. The slowdown in the company’s Azure cloud services led to a sharp sell-off, with Microsoft shares dropping over 10% in a single trading day. This is a worrying sign for tech investors.

Additionally, precious metals—assets that previously reached record highs—also experienced a significant correction. The downward pressure from these precious metals amplified the overall stress on the financial markets.

Bitcoin and the Crypto Market Are Affected by Multiple Combined Factors

In the crypto market, factors from both the US stock market and precious metals have accumulated, creating a liquidity crisis. As these negative factors converged simultaneously, a series of highly leveraged liquidations were triggered. Bitcoin, after a rally, fell below $84,000 in a short period. The latest data shows BTC trading around $69.90K, reflecting continued price declines from previous trading days.

Within 24 hours, nearly $1 billion was liquidated across crypto exchanges, indicating the level of tension in the market. The fundamental factor here is the combined selling pressure from multiple sources, creating a short-term liquidity gap that causes sharp price volatility.

These market factors will continue to influence investor decisions in the coming days.

BTC-2.21%

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