How are you today? Continue DCA BTC/ETH or wait for a lower bottom?
My portfolio mainly consists of $BTC and $ETH so I also have a small loss. Supported by two big guys, Mai Cồ (Michael) and Tôm Lê (Tom Lee), who are carrying the load, I also have faith to continue holding. Now let's take a look at the price fluctuations of $BTC yesterday. Yesterday afternoon, BTC was hovering around 64k-65k USD, at one point dipping down to 60k, dropping more than 10-15% in just one day. ETH fared worse, falling below 2k, even hitting 1.8k-1.9k, losing nearly 20% of its value. The entire market liquidated more than 2-3 billion USD in leveraged positions; anyone with high margin got wiped clean.
The market is on fire today! BTC dumps strongly, altcoins scream – Is there anything hot in 2026?
Guys, the cryptocurrency market today (5/2/2026) is blazing red! BTC is plummeting uncontrollably, and others are being dragged down severely. Quick summary for you to catch up: BTC: Current price around 70k – 71k USD (down another 6-8% today, from the old peak of 126k down to less than 60% of the old price). Main reason: Macro pressure: Fed remains hawkish, bond yields skyrocketing, geopolitical tensions. Liquidating long: Billions of dollars in long positions have been wiped out, open interest reset low.
Bitcoin is in a Strong Downtrend – Has it Been Oversold?
Bitcoin is currently in a clear downtrend, with prices sharply decreasing from ATH ~$126,000 (October 2025) to the range of $70,000–$73,000, completely erasing the "Trump bump" after the 2024 election. Today (2/5/2026), BTC is fluctuating around $70,900–$71,400, down an additional ~3-7% for the day, with large liquidations from leveraged longs and outflow from spot ETF. Main reason: 👉Macroeconomic pressure: The Fed maintains a hawkish stance, bond yields rise, geopolitical instability.