Bitcoin Slides Back to $76,000: What’s Next for BTC?

Jakarta, Pintu News – Bitcoin (BTC) price started to show positive movement after experiencing a decline earlier on Tuesday (Feb. 3). This came after BTC ETFs recorded new inflows, following a large spike in outflows from institutional investors.

Then, how will the Bitcoin price move today?

Bitcoin Price Drops 2.69% in 24 Hours

On February 4, 2026, Bitcoin was priced at $76,780, equivalent to approximately IDR 1,286,755,229, marking a 2.69% decline over the past 24 hours. During this period, BTC hit a low of IDR 1,230,951,116 and reached a high of IDR 1,328,036,091.

At the time of writing, Bitcoin’s market capitalization is around IDR 25,425 trillion, while its 24-hour trading volume has dipped by 1% to IDR 1,286 trillion.

Read also: The Slide May Not Be Over—3 Signs Suggest Bitcoin Could Fall to $63,000

BTC ETF inflows boost bitcoin price

Bitcoin and other cryptocurrencies are starting to recover from the recent market downturn. On February 3, Bitcoin recorded a gain of about 4% and was trading above $78,000. Previously, BTC was affected by a massive sell-off in the crypto market that led to millions of dollars worth of liquidations.

This rise in Bitcoin price is attributed to new inflows into BTC ETFs. According to data from SoSoValue, the funds recorded a total inflow of $561 million. Fidelity’s ETF (FBTC) received $153.35 million, while BlackRock’s ETF (IBIT) recorded $141.99 million.

Another factor contributing to this positive sentiment is the accumulation of Bitcoin by treasury companies. Earlier in the day, Michael Saylor’s company MicroStrategy bought BTC again despite the current market price being below their average acquisition price. They bought 855 BTC worth $75 million.

Meanwhile, the price of Ethereum (ETH) also rose by more than 5% on February 3. However, Ethereum ETF inflows remained negative due to lower institutional activity.

However, analysts believe that this rise in Bitcoin price does not yet signal the beginning of a sustainable trend. The crypto market is still overshadowed by macroeconomic uncertainty and tight global financial conditions.

What’s Next for BTC?

Most crypto traders are currently unsure of where the Bitcoin price will go next. This uncertainty is getting stronger as more analysts start to become bearish.

Some time ago, veteran analyst Peter Brandt stated that the Bitcoin price decline is not over yet. He even projected that the price of BTC could drop to the $66,000 range.

Meanwhile, a contributor from CryptoQuant revealed the results of their analysis regarding the potential price movement of BTC. They noted that Bitcoin has had a negative funding rate for the past three days, which they believe is a strong buy signal for investors.

Read also: Crypto Market Under Pressure: When Can Crypto Prices Recover from the Bearish Trend?

“When the Bitcoin price drops and the funding rate remains negative for several days in a row, this is generally considered a buy signal. This is clearly seen in the first chart,” he said.

In addition, the analyst also added that Bitcoin price has not managed to close the CME gap at $84,000. This could mean that the upside potential of BTC price is still limited for now.

Nevertheless, the futures market is showing signs of stability. Based on data from CoinGlass, total trading volume fell 27% to $75.27 billion, while open interest (the total value of open positions) increased slightly to $51.47 billion.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Bitcoin Price Rebounds to $78K as BTC ETFs Flip Back to $561M Inflows. Accessed on February 4, 2026