{"id":30016,"date":"2026-06-04T11:11:29","date_gmt":"2026-06-04T10:11:29","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/06\/04\/bitcoin-crash-february-low-geopolitical-premium\/"},"modified":"2026-06-04T11:11:32","modified_gmt":"2026-06-04T10:11:32","slug":"bitcoin-crash-february-low-geopolitical-premium","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/bitcoin-crash-february-low-geopolitical-premium\/","title":{"rendered":"Bitcoin Drops to Its Lowest Level Since February as the Geopolitical Premium Evaporates"},"content":{"rendered":"\n

Bitcoin<\/strong> suffered a sharp selloff on Tuesday, touching $61,322<\/strong> intraday \u2014 its lowest level since February 6. The violent move caught markets off guard and triggered a wave of massive liquidations<\/strong>.<\/p>\n\n\n\n

Within hours, BTC<\/strong> had erased the entire premium built up during the period of Middle East<\/strong> tensions. A powerful signal that brings a fundamental question back to the fore: is Bitcoin truly a safe-haven asset<\/strong>, or does it remain a risk asset like any other?<\/p>\n\n\n\n

On-chain<\/strong> data and technical levels offer clear answers \u2014 and they are worth reading carefully.<\/p>\n\n\n\n

$1.1 Billion Liquidated: The Market Takes a Hit<\/h2>\n\n\n\n

The drop was swift and brutal. In less than 24 hours, over $1.1 billion worth of leveraged crypto positions were liquidated<\/strong>, according to data shared by The Kobeissi Letter<\/strong>. BTC<\/strong> briefly broke below $63,000<\/strong> for the first time since February 24, before bouncing back to around $63,300<\/strong> by end of day.<\/p>\n\n\n\n

What stands out about this move is its systemic nature<\/strong>. The correction was not limited to Bitcoin<\/strong> \u2014 it swept across the entire crypto market, confirming a strong correlation with traditional risk assets<\/strong>. BTC<\/strong> sold off alongside equities as geopolitical tensions flared, then rebounded with them. This is the behavior of a speculative asset<\/a><\/strong>, not a safe haven.<\/p>\n\n\n\n

\n\n\n\n
\"Bitcoin<\/figure>\n\n\n\n<\/figure>\n\n\n\n

The break below the Short-Term Holder Realized Price<\/strong> \u2014 the average acquisition cost of recent buyers \u2014 is a significant technical signal<\/strong>. Historically, this level acts as a pivot between bullish continuation and a deeper mean reversion. A confirmed breakdown below it opens the door to a test of $58,000<\/strong> if no solid support forms quickly.<\/p>\n\n\n\n

Critical Support Zone: What the Technical Levels Reveal<\/h2>\n\n\n\n

BTC<\/strong> is currently trading within its key support zone between $60,000 and $65,000<\/strong>. The 20-day moving average<\/a><\/strong> was broken to the downside during the flush \u2014 a classic signal of short-term technical deterioration. The price structure remains damaged, but not yet broken beyond repair.<\/p>\n\n\n\n

Three scenarios are taking shape depending on how the next few days play out:<\/p>\n\n\n\n