Chart of the Day - Tuesday, February 3, 2026

🏆 Today’s Chart of the Day was shared by Jim Bianco (@biancoresearch).
 

• Bitcoin ($BTC) made new 52-week lows during intra-day trading today, fully erasing its post-election rally.
   
• The decline now measures roughly -40% from all-time highs, broadly in line with Bitcoin’s average historical drawdown.
   
• With its prior cycle highs near $70k, a failure to hold this level would further confirm that a crypto bear market is underway.

The Takeaway: Bitcoin's trend continues to deteriorate, completely unwinding its post-election advance.