# $97k Bitcoin experiences a sharp drop from near $97k to around $78k, with analysts pointing to bearish control and potential further declines. Concerns rise over liquidations and market sentiment shifting to risk-off. ### About $97k This topic primarily concerns the cryptocurrency Bitcoin and its market performance, price predictions, and related financial analysis. ### Insights - $97k engagements hit 246.7K which is 214% higher than it's daily average. ### Top $97k Social Posts Top posts by engagements in the last [--] hours *Showing a maximum of [--] top social posts without a LunarCrush subscription.* "This crazy trader bet $28.5K on the FED hiking rates by 25+ bps in March. Hes either a genius or insane. Whats interesting is that hes been aggressively building his position over the last [--] hours and hes already up 34% (about $9.7K). His account still has around $1.5K left and the wallet funding it has even more funds ready to deploy: - If he turns out to be right his $28.5K could turn into $2M though the probability of that outcome is only about 2%. Market: The wallet funding his Polymarket account still holds a reserve stash of crypto ready to top up the position. Its a new wallet that" [X Link](https://x.com/Andrey_10gwei/status/2017996571351085550) [@Andrey_10gwei](/creator/x/Andrey_10gwei) 2026-02-01T16:20Z [----] followers, [----] engagements "🚨 ALERT: #BTC Daily Breakdown $BTC has dropped sharply to around $78K after failing near the $97K high. Price is trading below key moving averages signaling strong bearish control. What the chart shows: Lower highs & lower lows downtrend confirmed Heavy red candles aggressive selling pressure Volume expansion on the drop liquidation-driven move Price is now sitting at a critical support zone near $78K IMPORTANT: Below broken MAs any bounce is likely a relief rally not a trend reversal Market sentiment remains risk-off until structure changes" [X Link](https://x.com/Realfinancial2/status/2017893467918139722) [@Realfinancial2](/creator/x/Realfinancial2) 2026-02-01T09:31Z [----] followers, [---] engagements "I said it last time if $BTC doesnt reclaim the $84K area quickly we get a liquidation tour into the mid-70s and thats literally whats playing out now. Weve had multiple clean rejections at the $94K$97K supply zone (grey band + the red Xs) and once price slipped back under the November base it opened the downside. The key level right now is that $82.5K line (finger) it was the floor for this whole range and now its the ceiling until proven otherwise. As long as were below $82.5K/$84K the path of least resistance stays down toward the next major long-term support around $74.5K (lower line)" [X Link](https://x.com/DamiDefi/status/2017826138215862327) [@DamiDefi](/creator/x/DamiDefi) 2026-02-01T05:03Z 91.7K followers, 15.3K engagements "I remember when I started shorting around $90K. Price ran to $97K. I told people I was holding from $90K $93K and $97K but everyone panicked. T said wed see $8074K soon and we did. Most people still lost the move because they couldnt sit through a small drawdown. My target was the Garrett Bearish liquidation. I called it even when he was up big on his longs. I once wrote that a guy with $1000 and skill is better than a guy with $100M without it. People still follow money instead of edge. The market teaches that lesson. Now Im building a long position on Solana quite big for guy like me. Its" [X Link](https://x.com/X7H___/status/2017773256829505570) [@X7H___](/creator/x/X7H___) 2026-02-01T01:33Z 10.5K followers, 10.8K engagements Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing
Bitcoin experiences a sharp drop from near $97k to around $78k, with analysts pointing to bearish control and potential further declines. Concerns rise over liquidations and market sentiment shifting to risk-off.
This topic primarily concerns the cryptocurrency Bitcoin and its market performance, price predictions, and related financial analysis.
Top posts by engagements in the last [--] hours
Showing a maximum of [--] top social posts without a LunarCrush subscription.
"This crazy trader bet $28.5K on the FED hiking rates by 25+ bps in March. Hes either a genius or insane. Whats interesting is that hes been aggressively building his position over the last [--] hours and hes already up 34% (about $9.7K). His account still has around $1.5K left and the wallet funding it has even more funds ready to deploy: - If he turns out to be right his $28.5K could turn into $2M though the probability of that outcome is only about 2%. Market: The wallet funding his Polymarket account still holds a reserve stash of crypto ready to top up the position. Its a new wallet that"
X Link @Andrey_10gwei 2026-02-01T16:20Z [----] followers, [----] engagements
"🚨 ALERT: #BTC Daily Breakdown $BTC has dropped sharply to around $78K after failing near the $97K high. Price is trading below key moving averages signaling strong bearish control. What the chart shows: Lower highs & lower lows downtrend confirmed Heavy red candles aggressive selling pressure Volume expansion on the drop liquidation-driven move Price is now sitting at a critical support zone near $78K IMPORTANT: Below broken MAs any bounce is likely a relief rally not a trend reversal Market sentiment remains risk-off until structure changes"
X Link @Realfinancial2 2026-02-01T09:31Z [----] followers, [---] engagements
"I said it last time if $BTC doesnt reclaim the $84K area quickly we get a liquidation tour into the mid-70s and thats literally whats playing out now. Weve had multiple clean rejections at the $94K$97K supply zone (grey band + the red Xs) and once price slipped back under the November base it opened the downside. The key level right now is that $82.5K line (finger) it was the floor for this whole range and now its the ceiling until proven otherwise. As long as were below $82.5K/$84K the path of least resistance stays down toward the next major long-term support around $74.5K (lower line)"
X Link @DamiDefi 2026-02-01T05:03Z 91.7K followers, 15.3K engagements
"I remember when I started shorting around $90K. Price ran to $97K. I told people I was holding from $90K $93K and $97K but everyone panicked. T said wed see $8074K soon and we did. Most people still lost the move because they couldnt sit through a small drawdown. My target was the Garrett Bearish liquidation. I called it even when he was up big on his longs. I once wrote that a guy with $1000 and skill is better than a guy with $100M without it. People still follow money instead of edge. The market teaches that lesson. Now Im building a long position on Solana quite big for guy like me. Its"
X Link @X7H___ 2026-02-01T01:33Z 10.5K followers, 10.8K engagements
Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing
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