A volatile week for Bitcoin: a sharp early‑February plunge into the low $60Ks, then a volume‑backed rebound above $70K. ETF outflows, exchange reserve shifts and large liquidations drove price swings.

This week Bitcoin plunged roughly 40% from its November high, testing $75K support as over $2.5B in leveraged positions were liquidated. Elevated volumes, spot-ETF outflows and macro jitters drove the move—here's what traders should track next.

Bitcoin fell about 5.3% last week, dipping under the critical $88K support after roughly $500M in spot‑ETF outflows and a concentrated $315M liquidation event. The pullback occurred amid risk‑off macro cues and ahead of a key Fed policy meeting, but institutional accumulation and a recovery to the $88–89K band suggest consolidation rather than broad capitulation.

A compact recap of last week’s concrete Bitcoin drivers: a tariff-driven sell-off that pushed BTC below $92K, a rebound above $97K on regulatory optimism and ETF inflows, and notable institutional downgrades reshaping sentiment.

This article explains last week’s concrete drivers behind Bitcoin’s sharp moves — large spot‑ETF flows, a U.S. regulatory draft (Digital Asset Market Clarity Act), and macro datapoints — and how those events translated into price and volume behavior near the $90–$95K range.

Bitcoin rallied into the first week of January, climbing from the high $80Ks toward $94K as large spot-ETF inflows and elevated trading volumes supported risk-on flows. Institutional moves — including a Morgan Stanley spot-ETF filing — plus a geopolitically driven hedge demand pushed prices higher amid a broader consolidation that keeps a decisive breakout above $95K as the key short-term catalyst.