{"id":63565,"date":"2026-02-05T10:51:16","date_gmt":"2026-02-05T10:51:16","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=63565"},"modified":"2026-02-05T10:51:16","modified_gmt":"2026-02-05T10:51:16","slug":"bitcoin-plunge-signals-risk-off","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/05\/bitcoin-plunge-signals-risk-off\/","title":{"rendered":"Bitcoin Plunge Signals Risk-Off"},"content":{"rendered":"<h4>Key Points<\/h4>\n<ul>\n<li>Bitcoin plunged to $71,200, warning that financial markets are becoming risk-averse.<\/li>\n<li>Brent crude surged to nearly $70 per barrel amid heightened US-Iran tensions.<\/li>\n<li>Volatility following the CME margin hike, effective Monday, triggered a broad selloff in precious metals and energy transition metals.<\/li>\n<\/ul>\n<hr \/>\n<p>Bitcoin<sup>2<\/sup> (BTC) broke support at 85,000, the steep decline warning that financial markets are shedding risk assets.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-04-btc.png?resize=525%2C368&#038;ssl=1\" alt=\"Bitcoin (BTC)\" width=\"525\" height=\"368\" \/><\/p>\n<p>The S&amp;P 500 index retreated below 6900, but long tails and a rising Trend Index indicate strong buying interest.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-04-spx.png?resize=525%2C404&#038;ssl=1\" alt=\"S&amp;P 500\" width=\"525\" height=\"404\" \/><\/p>\n<p>However, the Roundhill Magnificent 7 ETF (MAGS) is headed for a test of primary support at 63, while Trend Index peaks at zero warn of selling pressure. A breach of support would be a strong bear signal.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-04-mags.png?resize=525%2C404&#038;ssl=1\" alt=\"Roundhill Magnificent 7 ETF (MAGS)\" width=\"525\" height=\"404\" \/><\/p>\n<p>10-year Treasury yields are testing resistance at 4.3%. A breakout would offer a short-term target of 4.4%.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-04-tnx.png?resize=525%2C404&#038;ssl=1\" alt=\"10-Year Treasury Yield\" width=\"525\" height=\"404\" \/><\/p>\n<h2>Dollar &amp; Gold<\/h2>\n<p>The US Dollar Index is testing resistance at 98, but remains in a long-term downtrend. Respect of resistance will likely signal another decline.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-04-dxy.png?resize=525%2C404&#038;ssl=1\" alt=\"Dollar Index\" width=\"525\" height=\"404\" \/><\/p>\n<p>Gold is testing resistance at $5,000 per ounce after Friday&#8217;s sharp fall.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-04-gold.png?resize=525%2C404&#038;ssl=1\" alt=\"Spot Gold\" width=\"525\" height=\"404\" \/><\/p>\n<p>The primary reason for the sharp fall in copper and precious metals was not Trump&#8217;s nomination of Kevin Warsh as the next Fed Chair. On January 29, the CME announced that it was again increasing margin requirements on futures contracts, effective Monday, February 2.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-04-cme.png?resize=525%2C369&#038;ssl=1\" alt=\"Comex Margin Increase\" width=\"525\" height=\"369\" \/><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-04-cme2.png?resize=467%2C422&#038;ssl=1\" alt=\"Comex Margins\" width=\"467\" height=\"422\" \/><\/p>\n<p>The increase in CME margin requirements is intended to discourage leveraged speculation in key contracts that show signs of overheating.<\/p>\n<p>Silver had a higher speculative interest, making it more susceptible to the margin hike, with the metal testing support at $70 per ounce.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-04-silver.png?resize=525%2C404&#038;ssl=1\" alt=\"Spot Silver\" width=\"525\" height=\"404\" \/><\/p>\n<h2>Energy &amp; Energy Transition Metals<\/h2>\n<p>Brent crude is testing resistance at $70 per barrel on heightened US-Iran tensions.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-04-brent.png?resize=525%2C404&#038;ssl=1\" alt=\"Brent Crude\" width=\"525\" height=\"404\" \/><\/p>\n<p>The Dow Jones Global Oil &amp; Gas index is in a strong uptrend, with rising Trend Index troughs reflecting buying pressure.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-04-w1ene.png?resize=525%2C404&#038;ssl=1\" alt=\"Dow Jones Global Oil &amp; Gas Index\" width=\"525\" height=\"404\" \/><\/p>\n<h3>Copper<\/h3>\n<p>The margin hike had less effect on copper, which retreated to $13,000 per tonne from its recent peak of $13,500 per tonne.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-04-cu.png?resize=525%2C404&#038;ssl=1\" alt=\"Copper\" width=\"525\" height=\"404\" \/><\/p>\n<p>Copper miners were more susceptible to the risk-off shift in financial markets, with Sprott Copper Miners ETF<sup>1<\/sup> (COPP) testing support at 40.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-04-copp.png?resize=525%2C404&#038;ssl=1\" alt=\"Sprott Copper Miners ETF (COPP)\" width=\"525\" height=\"404\" \/><\/p>\n<h3>Uranium<\/h3>\n<p>Uranium was not directly affected by the CME margin hike but was caught up in the broader selloff, with the Sprott Uranium Miners ETF<sup>1<\/sup> (URNM) testing support at 70.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-04-urnm.png?resize=525%2C404&#038;ssl=1\" alt=\"Sprott Uranium Miners ETF (URNM)\" width=\"525\" height=\"404\" \/><\/p>\n<h3>Lithium<\/h3>\n<p>Lithium suffered a similar fate, with\u00a0Sprott Lithium Miners ETF<sup>1<\/sup> (LITP) breaking support at 14.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-04-litp.png?resize=525%2C404&#038;ssl=1\" alt=\"Sprott Lithium Miners ETF (LITP)\" width=\"525\" height=\"404\" \/><\/p>\n<h2>Critical Minerals<\/h2>\n<p>Critical materials experienced a similar selloff, with Sprott Critical Materials ETF<sup>1<\/sup> (SETM) testing support at 34.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-04-setm.png?resize=525%2C404&#038;ssl=1\" alt=\"Sprott Critical Materials ETF (SETM)\" width=\"525\" height=\"404\" \/><\/p>\n<h2>Conclusion<\/h2>\n<p>The CME margin hike, which took effect on Monday, was intended to cause a correction in copper and precious metals. However, the selloff spread to uranium, lithium, and critical materials. Risk aversion also spread to financial markets, as evidenced by a steep fall in risk assets such as Bitcoin.<\/p>\n<p>Mega-cap technology stocks have experienced a selloff, with the Roundhill Magnificent 7 ETF (MAGS) approaching its primary support level. A breach of support would be a strong bear signal for the broader S&amp;P 500 index, with market leaders falling behind their second-tier counterparts.<\/p>\n<p>We can expect further CME margin hikes as the exchange seeks to curb speculative excesses. Volatility will likely discourage speculation but have minimal impact on the secular rise in demand for gold, copper, uranium, lithium, and critical materials.<\/p>\n<h4>Acknowledgments<\/h4>\n<ul>\n<li>CoinDesk: <a href=\"https:\/\/www.coindesk.com\/price\/bitcoin\">Bitcoin<\/a><\/li>\n<li>Federal Reserve of St Louis: <a href=\" https:\/\/fred.stlouisfed.org\/\">FRED Data<\/a><\/li>\n<li>Institute for Supply Management: <a href=\"https:\/\/www.ismworld.org\/supply-management-news-and-reports\/reports\/ism-report-on-business\/\">ISM Report on Business<\/a><\/li>\n<li>Multiplo, Seeking Alpha: <a href=\"https:\/\/seekingalpha.com\/article\/4865410-the-collapse-in-gold-and-silver-was-not-caused-by-kevin-warsh\">The Collapse In Gold And Silver Was Not Caused By Kevin Warsh<\/a><\/li>\n<\/ul>\n<h4>Notes<\/h4>\n<ol>\n<li>We analyze exchange-traded funds (ETFs) to determine market sentiment towards a specific sector, industry, or commodity. The analysis is not a recommendation to buy or sell, nor is it a commentary on the merits of the particular ETF.<\/li>\n<li>We analyze Bitcoin (BTC) \u2014 the most volatile risk asset \u2014 to identify risk sentiment in financial markets. Our analysis is not a recommendation to buy or sell, for which we are ill-equipped to express an opinion, nor is it a commentary on the merits of the cryptocurrency.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Key Points Bitcoin plunged to $71,200, warning that financial markets are becoming risk-averse. Brent crude surged to nearly $70 per barrel amid heightened US-Iran tensions. Volatility following the CME margin hike, effective Monday, triggered a broad selloff in precious metals and energy transition metals. Bitcoin2 (BTC) broke support at 85,000, the steep decline warning that &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/05\/bitcoin-plunge-signals-risk-off\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bitcoin Plunge Signals Risk-Off&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5342,9,34,35],"tags":[69,495,7151,7150,815,1073,7140,7129,3010,3204,3206,7005,7152,6912,6960],"class_list":["post-63565","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency","category-gold-precious-metals","category-us-canada-countries-regions","category-us-dollar-index","tag-10-year-treasury-yield","tag-brent-crude","tag-cme-margin-hike","tag-comex-margins","tag-copper","tag-dollar-index","tag-dow-jones-global-oil-gas-index","tag-roundhill-magnificent-7-etf-mags","tag-sp-500","tag-spot-gold","tag-spot-silver","tag-sprott-copper-miners-etf-copp","tag-sprott-critical-materials-etf-setm","tag-sprott-lithium-miners-etf-litp","tag-sprott-uranium-miners-etf-urnm"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Plunge Signals Risk-Off - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Plunge Signals Risk-Off - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Key Points Bitcoin plunged to $71,200, warning that financial markets are becoming risk-averse. Brent crude surged to nearly $70 per barrel amid heightened US-Iran tensions. Volatility following the CME margin hike, effective Monday, triggered a broad selloff in precious metals and energy transition metals. Bitcoin2 (BTC) broke support at 85,000, the steep decline warning that &hellip; Continue reading &quot;Bitcoin Plunge Signals Risk-Off&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/05\/bitcoin-plunge-signals-risk-off\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-05T10:51:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-02-04-btc.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/02\\\/05\\\/bitcoin-plunge-signals-risk-off\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/02\\\/05\\\/bitcoin-plunge-signals-risk-off\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Bitcoin Plunge Signals Risk-Off\",\"datePublished\":\"2026-02-05T10:51:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/02\\\/05\\\/bitcoin-plunge-signals-risk-off\\\/\"},\"wordCount\":641,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/02\\\/05\\\/bitcoin-plunge-signals-risk-off\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2026\\\/2026-02-04-btc.png\",\"keywords\":[\"10-Year Treasury Yield\",\"Brent crude\",\"CME Margin Hike\",\"Comex Margins\",\"Copper\",\"Dollar Index\",\"Dow Jones Global Oil &amp; Gas Index\",\"Roundhill Magnificent 7 ETF (MAGS)\",\"S&amp;P 500\",\"Spot Gold\",\"Spot Silver\",\"Sprott Copper Miners ETF (COPP)\",\"Sprott Critical Materials ETF (SETM)\",\"Sprott Lithium Miners ETF (LITP)\",\"Sprott Uranium Miners ETF (URNM)\"],\"articleSection\":[\"Cryptocurrency\",\"Gold &amp; Precious Metals\",\"US &amp; Canada\",\"US Dollar Index\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/02\\\/05\\\/bitcoin-plunge-signals-risk-off\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/02\\\/05\\\/bitcoin-plunge-signals-risk-off\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/02\\\/05\\\/bitcoin-plunge-signals-risk-off\\\/\",\"name\":\"Bitcoin Plunge Signals Risk-Off - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/02\\\/05\\\/bitcoin-plunge-signals-risk-off\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/02\\\/05\\\/bitcoin-plunge-signals-risk-off\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2026\\\/2026-02-04-btc.png\",\"datePublished\":\"2026-02-05T10:51:16+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/02\\\/05\\\/bitcoin-plunge-signals-risk-off\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/02\\\/05\\\/bitcoin-plunge-signals-risk-off\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/02\\\/05\\\/bitcoin-plunge-signals-risk-off\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2026\\\/2026-02-04-btc.png\",\"contentUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2026\\\/2026-02-04-btc.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/02\\\/05\\\/bitcoin-plunge-signals-risk-off\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Plunge Signals Risk-Off\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. Strategic. Unfiltered. \",\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/thepatientinvestor.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\",\"name\":\"The Patient Investor Pty Ltd\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"The Patient Investor Pty Ltd\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/profile.php?id=61572934660810\",\"https:\\\/\\\/www.instagram.com\\\/colin_thepatientinvestor\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\",\"name\":\"Colin Twiggs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g\",\"caption\":\"Colin Twiggs\"},\"description\":\"Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\\\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.\",\"sameAs\":[\"https:\\\/\\\/facebook.com\\\/people\\\/The-Patient-Investor\\\/61572934660810\\\/\",\"https:\\\/\\\/www.instagram.com\\\/colin_thepatientinvestor\",\"https:\\\/\\\/au.linkedin.com\\\/in\\\/colintwiggs\"],\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/author\\\/investor\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin Plunge Signals Risk-Off - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Bitcoin Plunge Signals Risk-Off - the patient investor","og_description":"Key Points Bitcoin plunged to $71,200, warning that financial markets are becoming risk-averse. Brent crude surged to nearly $70 per barrel amid heightened US-Iran tensions. Volatility following the CME margin hike, effective Monday, triggered a broad selloff in precious metals and energy transition metals. Bitcoin2 (BTC) broke support at 85,000, the steep decline warning that &hellip; Continue reading \"Bitcoin Plunge Signals Risk-Off\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/05\/bitcoin-plunge-signals-risk-off\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_author":"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","article_published_time":"2026-02-05T10:51:16+00:00","og_image":[{"url":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-02-04-btc.png","type":"","width":"","height":""}],"author":"Colin Twiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Colin Twiggs"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/05\/bitcoin-plunge-signals-risk-off\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/05\/bitcoin-plunge-signals-risk-off\/"},"author":{"name":"Colin Twiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454"},"headline":"Bitcoin Plunge Signals Risk-Off","datePublished":"2026-02-05T10:51:16+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/05\/bitcoin-plunge-signals-risk-off\/"},"wordCount":641,"commentCount":0,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/05\/bitcoin-plunge-signals-risk-off\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-02-04-btc.png","keywords":["10-Year Treasury Yield","Brent crude","CME Margin Hike","Comex Margins","Copper","Dollar Index","Dow Jones Global Oil &amp; Gas Index","Roundhill Magnificent 7 ETF (MAGS)","S&amp;P 500","Spot Gold","Spot Silver","Sprott Copper Miners ETF (COPP)","Sprott Critical Materials ETF (SETM)","Sprott Lithium Miners ETF (LITP)","Sprott Uranium Miners ETF (URNM)"],"articleSection":["Cryptocurrency","Gold &amp; Precious Metals","US &amp; Canada","US Dollar Index"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/05\/bitcoin-plunge-signals-risk-off\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/05\/bitcoin-plunge-signals-risk-off\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/05\/bitcoin-plunge-signals-risk-off\/","name":"Bitcoin Plunge Signals Risk-Off - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/05\/bitcoin-plunge-signals-risk-off\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/05\/bitcoin-plunge-signals-risk-off\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-02-04-btc.png","datePublished":"2026-02-05T10:51:16+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/05\/bitcoin-plunge-signals-risk-off\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/05\/bitcoin-plunge-signals-risk-off\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/05\/bitcoin-plunge-signals-risk-off\/#primaryimage","url":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-02-04-btc.png","contentUrl":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-02-04-btc.png"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/05\/bitcoin-plunge-signals-risk-off\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Plunge Signals Risk-Off"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. Strategic. Unfiltered. ","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454","name":"Colin Twiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","caption":"Colin Twiggs"},"description":"Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-gxf","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":63382,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/12\/16\/tight-liquidity-ahead-of-boj-decision\/","url_meta":{"origin":63565,"position":0},"title":"Tight liquidity ahead of BOJ decision","author":"Colin Twiggs","date":"December 16, 2025","format":false,"excerpt":"Key Points Financial markets are on edge ahead of the Bank of Japan policy rate decision on December 18. Bitcoin is testing primary support at 85K, warning of tight liquidity in financial markets. Bank reserves remain below the widely considered $3 trillion minimum required to maintain financial market stability. Financial\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Commercial Bank Reserves at the Fed","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-12-15-bankreserves.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-12-15-bankreserves.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-12-15-bankreserves.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":63745,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/25\/dead-man-walking\/","url_meta":{"origin":63565,"position":1},"title":"Dead Man Walking","author":"Colin Twiggs","date":"February 25, 2026","format":false,"excerpt":"Key Points The S&P 500 remains range-bound while the Technology sector plunges. The DJ US Index is underperforming its international peers. The Coincident Economic Activity Index warns of an impending recession. Precious metals and energy-related metals are rallying. The financial media gets excited when the S&P 500 rallies for a\u2026","rel":"","context":"In &quot;Copper&quot;","block_context":{"text":"Copper","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/commodities-gold-commodities\/copper\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-24-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-24-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-24-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":63523,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/01\/29\/fed-stalls-stocks-weaken-gold-soars\/","url_meta":{"origin":63565,"position":2},"title":"Fed Stalls, Stocks Weaken, Gold Soars","author":"Colin Twiggs","date":"January 29, 2026","format":false,"excerpt":"Key Points Fed policymakers voted 10-2 to hold the central bank's benchmark interest rate in the 3.50%-3.75% range. The Dollar strengthened slightly, while stocks weakened. Gold and silver soared to new highs at $5,545 and $117.50 per ounce, respectively. \"The economy has once again surprised us with its \u200cstrength,\" Fed\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"FOMC Announcement","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-01-28-fomc.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-01-28-fomc.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-01-28-fomc.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-01-28-fomc.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":55659,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/07\/16\/small-caps-signal-risk-on\/","url_meta":{"origin":63565,"position":3},"title":"Small caps signal Risk On","author":"Colin Twiggs","date":"July 16, 2024","format":false,"excerpt":"Falling Treasury yields and a surge in liquidity in financial markets is bullish for stocks, bonds and precious metals. The rotation from growth to value has slowed, while increased interest in small caps signals risk on for stocks. Crude and base metals are weakening as demand from China slows. Uranium\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Bitcoin","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-07-15-btc.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-07-15-btc.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-07-15-btc.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":62979,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/10\/28\/market-optimism-on-trade-talks\/","url_meta":{"origin":63565,"position":4},"title":"Market Optimism on Trade Talks","author":"Colin Twiggs","date":"October 28, 2025","format":false,"excerpt":"Key Points The S&P 500 will likely test resistance at 7000 if another US-China trade deal is announced this week. Gold, copper, and uranium all retreated on optimism over a potential trade deal. Still, we remain bearish on the dollar and bullish on the three as a long-term hedge against\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Chicago Fed National Activity Index","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-10-27-nai.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-10-27-nai.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-10-27-nai.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":59161,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/11\/12\/bitcoin-tests-90000-while-gold-falls\/","url_meta":{"origin":63565,"position":5},"title":"Bitcoin tests $90,000 while gold falls","author":"Colin Twiggs","date":"November 12, 2024","format":false,"excerpt":"Bitcoin soared to a new high of $88.8K on expectations of a favorable regulatory environment after Donald Trump takes office. Gold retreated to test support at $2,600 per ounce as the Dollar strengthened. The Dollar Index respected support at 104, signaling an advance to 106\u2014bearish for precious metals, commodities, and,\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Bitcoin (BTC)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-11-11-btc.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-11-11-btc.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-11-11-btc.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/63565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=63565"}],"version-history":[{"count":1,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/63565\/revisions"}],"predecessor-version":[{"id":63566,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/63565\/revisions\/63566"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=63565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=63565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=63565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}