The cryptocurrency market is undergoing a period of strong correction, with Bitcoin trading today (February 11, 2026) in the range of $66,000 to $67,000, a significant drop from the peaks of 2025.
This decline in recent days is the result of a "perfect storm" of macroeconomic and technical factors:
1. Uncertainty with the Federal Reserve (Fed)
Kevin Warsh's nomination for the presidency of the Fed has brought pessimism. He is seen as a "hawk" (favoring tighter monetary policies), which raises concerns that he will reduce the Fed's balance sheet and end the era of "cheap liquidity," harming risk assets like Bitcoin.
2. Economic Data and Risk Aversion
Payroll and Retail: Retail sales data in the US came in below expectations, while the market is anxiously awaiting payroll data today. This caused investors to migrate to safer assets, such as gold (which surpassed $5,000 per ounce).
Shutdown in the US: A partial four-day shutdown of the American government also contributed to instability and delays in the release of indicators.
3. Institutional Pressure and Liquidations
Outflow from ETFs: Spot Bitcoin ETFs, which previously boosted prices, recorded billion-dollar outflows recently.
Cascade Effect: The drop below important technical support triggered automatic sell orders (stop-loss) and liquidated billions in leveraged positions, accelerating the plunge.
4. Decline in Technology Stocks (AI)
There is a strong current correlation between Bitcoin and technology company stocks, especially those linked to Artificial Intelligence. With the recent devaluation of this sector, cryptocurrencies ended up being dragged down as well.
Tip: The Fear and Greed Index is at "Extreme Fear" levels (marking only 9 to 11 points), indicating very strong pessimism in the short term, but historically some investors interpret this as a potential exhaustion zone for selling.