The post BTC Crashes To $74K as Warsh Fed Nomination & Iran Tensions Spark $266M Outflows appeared on BitcoinEthereumNews.com. Bitcoin drops to $74,502 intradayThe post BTC Crashes To $74K as Warsh Fed Nomination & Iran Tensions Spark $266M Outflows appeared on BitcoinEthereumNews.com. Bitcoin drops to $74,502 intraday

BTC Crashes To $74K as Warsh Fed Nomination & Iran Tensions Spark $266M Outflows

4 min read
  • Bitcoin drops to $74,502 intraday before recovering to $76,971 as Trump’s hawkish Fed Chair nomination and Iran port explosion trigger risk-off selling.
  • Spot outflows surge to $266.54 million on February 2, one of the largest single day distributions since the November correction.
  • Recovery requires reclaiming $85,832, while a close below $74,000 opens downside toward the $68,000 demand zone.

Bitcoin price today trades near $76,971 after crashing through multiple support levels in a single session, hitting a low of $74,502 before stabilizing. The move came as a convergence of macro shocks hit simultaneously, with Trump’s nomination of Kevin Warsh as Federal Reserve Chair resetting rate expectations and geopolitical tensions at Iran’s Bandar Abbas port pushing risk sentiment into extreme fear.

Warsh Nomination And Iran Tensions Trigger Risk Off Cascade

The selloff was driven by two simultaneous shocks. Trump’s nomination of Kevin Warsh to succeed Jerome Powell as Federal Reserve Chair reset monetary policy expectations overnight. Warsh’s hawkish reputation and criticism of balance sheet expansion collapsed rate cut odds for the first half of 2026, sending the dollar sharply higher.

Reports of an explosion at Iran’s Bandar Abbas port added geopolitical risk to the mix, reigniting fears of U.S. Iran escalation and pushing oil prices higher.

Bitcoin failed to act as a hedge. Instead, it traded as a high beta risk asset, sold aggressively as investors raised cash to cover losses elsewhere. The dollar became the preferred refuge, not crypto or gold.

Spot Outflows Hit Highest Level Since November

BTC Netflows (Source: Coinglass)

Coinglass data shows $266.54 million in spot outflows on February 2, marking one of the largest single day distributions since the November correction. The magnitude of selling reflects panic rather than orderly repositioning.

Related: Cardano Price Prediction: ADA Weakens as Outflows and Deleveraging Persist

When spot outflows spike alongside a price crash, it typically signals capitulation from weaker hands. However, the macro backdrop suggests this may be the beginning of a repricing rather than a climactic bottom.

Weekly Chart Tests Critical 100 EMA Support

BTC Price Dynamics (Source: TradingView)

On the weekly chart, Bitcoin has crashed through the 20 day EMA at $93,219 and the 50 day EMA at $95,519, now testing the critical 100 week EMA at $85,832. The session low at $74,502 briefly penetrated below this level before recovering.

The $74,000 to $78,000 zone represents major horizontal support that held during the 2024 consolidation. A weekly close below this level would shift the macro structure from correction to potential trend reversal.

Related: Solana Price Prediction: SOL Bounces From $95 Low As Jupiter Polymarket Deal Lifts Ecosystem Sentiment

RSI has dropped to 38.85 on the weekly timeframe, approaching oversold territory but not yet at levels that have historically marked major bottoms. The indicator suggests more downside is possible before a sustainable reversal forms.

Short Term Structure Shows Capitulation Pattern

On the 2 hour chart, the crash from $90,000 to $74,500 occurred in less than 48 hours, creating a capitulation pattern characterized by accelerating selling and expanding volume. The Supertrend indicator flipped bearish at $80,251 and continues to track lower.

The Parabolic SAR sits at $77,534, marking immediate resistance for any recovery attempt. Price has recovered above this level at $76,983, suggesting short term stabilization may be forming.

The bounce from $74,502 shows some buying interest at lower levels, but the structure remains firmly bearish. Each recovery attempt over the past week has been sold into, and there is no evidence yet that this pattern has changed.

Outlook: Will Bitcoin Go Up?

The trend remains firmly bearish while price trades below the weekly EMA cluster and macro headwinds persist.

  • Bullish case: A weekly close above $85,832 would hold the 100 week EMA and signal that the crash was a liquidation event rather than the start of a deeper correction. That scenario requires geopolitical tensions to ease and the market to digest the Warsh nomination.
  • Bearish case: A weekly close below $74,000 would break the 2024 support structure and expose the $68,378 zone where the 200 week EMA sits. With a hawkish Fed Chair incoming and geopolitical risk elevated, that scenario carries meaningful probability.

Related: Hyperliquid Price Prediction: Can HYPE Reclaim $32.00 or Is Deeper Consolidation Ahead?

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source: https://coinedition.com/bitcoin-price-prediction-btc-crashes-to-74k-as-warsh-fed-nomination-and-iran-tensions-spark-266m-outflows/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Eric Trump bets Fed rate cut will send crypto stocks skyrocketing

Eric Trump bets Fed rate cut will send crypto stocks skyrocketing

Eric Trump is betting big on the fourth quarter. He says if the Federal Reserve cuts rates like everyone’s expecting, crypto stocks are going to rip higher… fast. “I just think you would potentially see this thing skyrocket,” Eric told Yahoo Finance, pointing to the usual year-end momentum in crypto. He says this moment matters […]
Share
Cryptopolitan2025/09/18 00:24
Vlna BitcoinFi boomu sa začína s HYPER

Vlna BitcoinFi boomu sa začína s HYPER

The post Vlna BitcoinFi boomu sa začína s HYPER appeared on BitcoinEthereumNews.com. Bitcoin Hyper získava 16 miliónov USD: Vlna BitcoinFi boomu sa začína s HYPER Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Với hơn 5 năm làm việc trong lĩnh vực phân tích thị trường tiền điện tử, Khang luôn hướng tới mục tiêu đem lại các kiến thức bổ ích về crypto cho bạn đọc. Anh có rất nhiều bài viết chất lượng phân tích xu hướng blockchain, DeFi và các dự án presale coin tiềm năng mới. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/bitcoin-hyper-raises-16m-bitcoinfi-boom-with-hyper-vn/
Share
BitcoinEthereumNews2025/09/18 10:00
China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Share
BitcoinEthereumNews2025/09/18 01:37