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Robert Kiyosaki, the author of Rich Dad Poor Dad, is facing fresh backlash from the crypto community after making statements that appear to contradict his long running narrative around buying Bitcoin.

The controversy erupted after Kiyosaki claimed in a recent post that he stopped buying Bitcoin when it was priced at $6,000. That assertion immediately raised eyebrows, as Bitcoin has not traded at that level since shortly after the COVID market crash in mid 2020.

A Trail of Conflicting Statements

Kiyosaki has been one of Bitcoin’s most vocal supporters since the pandemic era and has repeatedly encouraged followers to buy BTC alongside gold and silver, recently adding Ethereum to his list of favored assets.

Over the years, he has frequently stated that he continues to accumulate regardless of price. In July 2025, for example, he posted that he had bought another Bitcoin while prices were trading above $100,000. Weeks later, as BTC surged past $117,000, he said he planned to buy again. In early 2026, he doubled down by claiming he ignores price levels entirely and simply keeps buying.

These public statements directly conflict with his latest claim of having stopped purchases at $6,000, leading many to question whether he is revising history or misrepresenting his past actions.

Community Pushback Intensifies

Crypto users were quick to highlight the inconsistencies, accusing Kiyosaki of misleading followers either now or for years. Some critics revisited other bold predictions and crash warnings he has made in the past that never played out.

Market commentator Mark McGrath was among those calling him out, sharing a compilation of past statements and labeling Kiyosaki a serial grifter. The episode has once again fueled debate over the credibility of high profile investment influencers and the weight their claims should carry in volatile markets.

Bitcoin has endured a punishing stretch, with prices dropping roughly $30,000 in less than ten days and briefly hitting $60,000 on Friday. The sharp decline has dragged overall market sentiment down with it, pushing investor confidence to levels not seen in years.

Sentiment Falls Into Extreme Fear

As emotions often drive crypto markets, the Fear and Greed Index is used to track rapid shifts in sentiment by factoring in volatility and market momentum. The scale ranges from extreme fear at zero to extreme greed at 100, and recent readings show fear firmly in control.

Bitcoin topped $95,000 in mid January and was still trading above $90,000 on January 28 before the sudden sell off erased tens of thousands of dollars in value. Despite a rebound toward $69,000, sentiment has not recovered. The index has continued sliding and now stands at 6, its lowest reading since August 2019.

Does Extreme Fear Signal a Turnaround

The old investing adage suggests that extreme fear can create opportunity, and historically sharp drops in the index have sometimes preceded short term rebounds. That has fueled hopes among bulls that Bitcoin may be close to a bottom.

However, past cycles offer a more cautious lesson. In 2019, Bitcoin was already recovering from a deep bear market when the index hit similar lows, yet prices remained capped below $10,000 for months. It was only after the 2020 pandemic driven crash that BTC eventually broke higher and began a sustained rally.

The takeaway is that while extreme fear often appears near turning points, it does not guarantee an immediate recovery. With ongoing geopolitical tensions, market instability, and volatility across asset classes, uncertainty remains high and further turbulence cannot be ruled out.

The cryptocurrency market has entered a clearly bearish phase, according to fresh on-chain analysis from CryptoQuant. Weak demand, tightening liquidity, and deteriorating technical structure are all reinforcing downside risk.

CryptoQuant’s latest report details how bearish forces have taken control of the market and why conditions now resemble past prolonged downturns.

Bitcoin Drops Below Long Term Trend Support

CryptoQuant noted that its Bull Score Index, which stood near 80 during Bitcoin’s peak around $126,000 in early October, has now fallen to zero. The index slipped into bearish territory following the October 10 liquidation event that erased roughly $19 billion from the market. At the time, Bitcoin was still trading near $110,000, but as prices declined toward $75,000, the index fully collapsed.

Bitcoin is currently trading below $68,000 after falling more than 7% in the past 24 hours. Since dropping under its 365 day moving average on November 12, 2025, BTC has declined about 23%. Analysts point out that the last time Bitcoin lost this key level was in March 2022, and the current decline is unfolding faster than during the early stages of that bear market.

From a structural perspective, Bitcoin has also fallen below the lower boundary of the Traders’ On chain Realized Price, a level that previously acted as strong support throughout the bull cycle. With that floor broken, CryptoQuant identifies the next major support zone between $70,000 and $60,000.

Demand Slows as Liquidity Dries Up

Beyond price action, demand indicators continue to weaken. The Coinbase Bitcoin Price Premium has remained negative since mid October, signaling softer buying interest from U.S. investors compared with global markets.

Institutional demand has also reversed. U.S. spot Bitcoin ETFs, which accumulated more than 46,000 BTC around this time last year, have turned into net sellers. So far, these funds have offloaded roughly 15,000 BTC, creating a demand shortfall of over 50,000 BTC and adding to selling pressure.

Spot market growth paints a similar picture. Over the past four months, Bitcoin’s annual spot demand growth has collapsed by 93%, falling from 1.1 million BTC to just 77,000 BTC. According to CryptoQuant, this suggests the bulk of demand expansion for the current cycle is already behind us.

Liquidity conditions are also deteriorating. The 60 day growth rate of Tether’s market capitalization has turned negative for the first time since October 2023, declining by about $133 million. USDT expansion peaked near $15.9 billion in late October 2025, and this reversal in stablecoin growth is a pattern historically associated with bear market phases.

Taken together, CryptoQuant concludes that weakening demand, shrinking liquidity, and broken technical support all reinforce the view that the market remains firmly in a bearish environment.

The past week in crypto markets has been brutal, with Bitcoin erasing all gains achieved after Trump’s 2024 reelection and many altcoins experiencing steep declines. Surprisingly, HYPE emerged as one of the few tokens defying the trend, soaring 19% despite the market turmoil.

The chaos began last Saturday, when Bitcoin, recovering to around $83,000–$84,000 after the previous drop to $81,000, suddenly plunged to under $76,000. Attempts by bulls to stabilize the price brought it back to $79,000, only for it to fall again below $74,000 on Monday. The bears maintained control in the following days, culminating in a sharp sell-off that drove BTC to $60,000. Strategy’s Bitcoin holdings suffered, losing $30,000 in just over a week.

Analysts debate the reasons behind the crash, citing factors such as rising geopolitical tensions, the appointment of a new Fed Chair, and excessive leverage in the markets. Thursday alone saw more than $2.6 billion wiped out in leveraged positions. Bitcoin has since partially recovered to $67,000 but remains down nearly 20% for the week.

Altcoins faced even harsher declines: Ethereum fell 28%, BNB dropped 23%, LINK lost 21%, and Monero fell 26%. In contrast, HYPE gained 19% over the same period. The total crypto market capitalization now stands at $2.38 trillion, with a 24-hour volume of $360 billion and Bitcoin dominance at 56.6%.

Key Prices:

• BTC: $67,200 (-18.4%)

• ETH: $1,950 (-28.3%)

• XRP: $1.43 (-20%)

This Week’s Top Crypto Headlines:

• Institutional Exit: U.S. investors are selling Ethereum at a record rate, with the Coinbase Premium Index hitting new lows amid heavy liquidation pressure.

• Roubini Predicts a Crypto Apocalypse: Economist Nouriel Roubini warns that Bitcoin’s plunge highlights the extreme volatility of what he calls a “pseudo-asset class” and argues that money and payment evolution will be gradual rather than revolutionary.

• Michael Burry Issues Warning: The investor cautions that Bitcoin Treasury Companies could face existential risk if BTC prices continue to decline.

• Crypto Winter Ongoing but Recovery Possible: Bitwise CIO Matt Hougan maintains that the market has been in a bear phase since January 2025 but suggests a potential recovery may be closer than expected.

• Tom Lee Defends Ethereum: Despite deep losses, Lee claims ETH fundamentals remain strong, and the token’s crashing price does not reflect the network’s value.

• Bitcoin Trading at a Discount: Using the power-law valuation model, market commentator David estimates BTC’s fair value at $122,000, implying the asset currently trades at a nearly 50% discount.

The past week demonstrates the extreme volatility in crypto markets, highlighting both the risks for leveraged holders and the resilience of investors in select tokens like HYPE.

XRP experienced extreme volatility last week, briefly plunging to $1.11 before rebounding to $1.54, where it faced resistance and now hovers above $1.40. Despite these wild swings, investors in Ripple ETFs remained largely unfazed by the market turmoil.

Data from SoSoValue shows that XRP ETFs ended the week in positive territory, even though the underlying token suffered steep losses. After a heavy outflow of nearly $93 million on January 29, ETF inflows stabilized, with $19.46 million added on Tuesday, $4.83 million on Wednesday, and $15.16 million on Friday. Overall, spot XRP ETFs saw cumulative net inflows rise from $1.18 billion to $1.22 billion by February 6, a gain of around $40 million. In contrast, spot Ethereum ETFs lost approximately $170 million and Bitcoin ETFs dropped $358 million in the same period.

The recent XRP price action was dramatic. After falling from $1.75 to $1.50 last Saturday, it continued downward, hitting $1.11 on Friday, representing a 50% decline in just a month. However, the token quickly recovered, rising 40% to $1.54 in a matter of hours, demonstrating that ETF investors were largely holding steady and not contributing to the volatility.

The resilience of XRP ETF investors highlights strong market confidence in the funds, even during intense price swings and broader crypto market declines.

Strategy CEO Phong Le reassured investors that the company’s balance sheet remains strong despite recent crypto market volatility, but noted extreme scenarios could pose challenges. The firm, the world’s largest corporate Bitcoin holder, would only consider restructuring or raising additional capital if Bitcoin fell to $8,000 and stayed at that level for five to six years.

During Strategy’s fourth-quarter earnings call, Le emphasized that the company’s Bitcoin reserves comfortably cover its convertible debt even after recent losses. He explained that only a 90% decline in BTC, reaching $8,000, would equal their net debt and trigger discussions of restructuring or additional fundraising.

The comments came amid a sharp crypto sell-off, with Bitcoin down roughly 7% in 24 hours, trading just under $66,000. Strategy’s stock, MSTR, fell 17% to $107, wiping out most of its late-2025 gains and leaving it down about 72% over six months. Analysts noted that Bitcoin’s drop of over $10,000 in a single day marked a historic decline, part of a structural downturn that has erased $2.2 trillion from crypto markets since mid-October 2025.

Executive Chairman Michael Saylor also addressed investor concerns, dismissing fears about quantum computing threats to Bitcoin as “horrible FUD” and outlining a security initiative to prepare for potential upgrades, including quantum resistance. He emphasized that Strategy’s long-term approach is built to withstand market volatility, supported by favorable U.S. regulations and increasing adoption of Bitcoin in credit markets and corporate balance sheets.

Despite short-term price swings, Strategy continues to expand its Bitcoin holdings. Earlier this week, the company purchased 855 BTC for $75.3 million at an average price near $88,000, bringing its total reserves to over 713,500 BTC. This follows $25 billion in accumulation during 2025 and a $1.25 billion purchase earlier in 2026, funded largely through capital raises.

Saylor highlighted that the value of Bitcoin treasury companies lies in credit optionality and institutional adoption rather than daily price movements. Holding BTC allows firms to leverage assets for debt issuance, lending, or other financial services, offering flexibility that ETFs cannot provide. He framed recent market declines as part of the long-term integration of digital assets into global finance rather than a temporary price shock.

Ethereum co-founder Vitalik Buterin has sold thousands of ETH in recent days as the token fell below $2,000, according to on-chain data from Lookonchain. His sales added to the broader wave of large-holder selling that has pushed ETH to multi-month lows and intensified downward pressure across the market.

Lookonchain reported that on February 5, wallets linked to Buterin sold 2,961 ETH, worth roughly $6.6 million at an average price of about $2,228. Less than 24 hours later, total sales over the same three-day period had risen to 6,183 ETH, or approximately $13.2 million, with an average exit price near $2,140 as ETH continued to slide.

Some of the proceeds were redirected for philanthropic purposes. Buterin transferred around $500,000 from the sale of 212 ETH on February 2 to Kanro, a fund supporting open-source biomedical research. The organization confirmed the transfer, noting that the funds will support anti-airborne-disease and pandemic-related projects. Buterin has been contributing to similar causes for nearly three years, including a $20 million personal donation in October 2025.

In a recent post on X, Buterin explained that he withdrew 16,384 ETH to fund work in biotech, secure hardware, privacy-focused software, and other areas outside Ethereum’s core protocol. He described the moves as part of tighter spending measures at the Ethereum Foundation.

Ethereum has struggled over the past week, falling below the $2,100 level seen as key support and underperforming Bitcoin amid waning risk appetite across altcoins. At the time of writing, ETH was trading around $1,900, down about 7% in 24 hours and over 30% in the past week. On-chain data suggests that institutional investors and whales are contributing to the selling pressure. A CryptoQuant report from February 5 shows U.S. investors selling ETH at a discount, pushing the Coinbase Premium Index to its lowest level since July 2022, indicating broad de-risking.

Other major holders have also been active. Trend Research reportedly sold more than 170,000 ETH in under ten hours to repay loans, and Aave founder Stani Kulechov sold roughly 4,500 ETH near $1,900. At the same time, some investors moved in the opposite direction. Serial crypto investors 7 Siblings bought 9,000 ETH at just under $2,000 each as prices dipped, reflecting mixed strategies among whales during the correction.

The recent selling by Buterin and other large holders underscores the ongoing redistribution of ETH among institutions, whales, and savvy investors, contributing to heightened market volatility while the token navigates key support levels.

Bitcoin’s price rebounded sharply, climbing past $71,000 just hours after dipping to $60,000, highlighting extreme volatility in the cryptocurrency market. Altcoins also surged, pushing the total crypto market capitalization up by roughly $200 billion since this morning’s lows.

The recent price swings show Bitcoin lost nearly $30,000 in just over a week, falling from $77,000 last Wednesday to $60,000 early Friday. Analysts attributed the dramatic decline to emotional selling and structural market shifts rather than issues with Bitcoin’s fundamentals.

Since hitting the multi-year low, BTC has gained over $10,000 and briefly surpassed $71,000 before slightly retreating. Altcoins have performed even better, with XRP leading the rally, rising 19% to over $1.50, while Ethereum reclaimed the key $2,000 level.

Despite the recovery, the market still reflects heavy losses from earlier liquidations. Over $2 billion in positions were wiped out in the past 24 hours, mostly longs, while recent price gains have triggered more than $350 million in short liquidations, with Bitcoin accounting for $261 million of that total.

The sharp moves underscore the high-risk, high-reward nature of crypto trading, as sentiment swings and market reactions continue to drive dramatic intraday price action.

Binance founder Changpeng “CZ” Zhao drew widespread attention on Monday after tweeting “Poor again” following Bitcoin’s drop to $60,000 in early Asian trading on Friday. The comment came amid broader controversy over Binance’s role in recent market turbulence, including a sharp sell-off that briefly pushed Bitcoin below $75,000.

The tweet quickly triggered strong reactions from investors, reflecting ongoing frustration in the retail community. Crypto commentator Nebraskangooner responded sharply, saying, “You dumped the market, and now you’re mocking everyone for being poor? Weird flex.” The comment captured the sentiment of many retail traders who suffered losses amid speculation that Binance may have influenced the market decline.

Earlier this week, CZ addressed allegations he called “pretty imaginative FUD,” denying claims that Binance sold $1 billion in Bitcoin to trigger the sell-off or that he single-handedly “canceled the crypto supercycle.” He clarified that Binance wallet balances reflect user deposits and withdrawals rather than proprietary trading and explained that conversions of the exchange’s SAFU fund from stablecoins to Bitcoin would occur gradually over 30 days. CZ also joked that if he could control the crypto supercycle, he would be “snapping his fingers all day long.”

Despite his explanations, Nebraskangooner’s response highlights the tension between retail investors and large exchanges. Many community members also pointed to Binance’s alleged role in last year’s October 10 crash, which wiped out billions in leveraged positions. Industry peers, including OKX founder Star Xu, publicly criticized Binance following the event.

Separately, CZ exposed a long-running misinformation campaign against him and Binance involving a fake account named “Wei 威 BNB.” The account, which had 863,000 followers and used images from a BNB Chain event, initially appeared supportive but posted critical content about the exchange. CZ revealed that photos of him and Binance executive Yi He were altered, and one image featured a shirt he does not own. He also noted that the account’s history indicated it had been hacked or sold, originally posting unrelated female content before switching to crypto posts in 2015. CZ described the campaign as “lazy” and suggested it was likely orchestrated by a competitor more focused on undermining Binance than building their own business.

The episode underscores ongoing scrutiny of Binance and CZ, as well as persistent retail frustration over market volatility and the perceived influence of major exchanges.

Bitcoin fell to around $60,000 earlier today before bouncing back toward $65,000, following one of the sharpest daily sell-offs in its history. The recent price action has sparked debate among traders, with some viewing the rebound as a temporary technical reaction and others interpreting it as a potential setup for a recovery toward $70,000 fueled by extreme market fear.

On February 6, analytics firm Santiment highlighted that social media mentions suggesting Bitcoin would go “lower” or “below” spiked after the drop to $60,000. Historically, the firm noted, similar patterns have often preceded short-term price rebounds. True to this pattern, Bitcoin climbed back to roughly $65,000, with the uptick occurring after what The Kobeissi Letter described as the first-ever daily drop of more than $10,000, reportedly triggered in part by the liquidation of a large leveraged position.

Santiment asked whether the rebound could be dismissed as a “dead cat bounce,” while also suggesting that the extreme fear may have shaken out enough retail participants to justify a quick rally toward the $70,000 range. The sell-off capped several weeks of sustained downside pressure, during which Bitcoin erased all gains achieved after Donald Trump’s re-election. The broader market followed suit, with XRP falling 13% in a single day, and Ethereum, Solana, and BNB also posting steep losses.

Despite the short-term bounce, on-chain and derivatives data suggest a more complex picture. DeFi commentator Marvellous observed that “smart money” has adopted a net short position while whales and public figures have taken long positions. According to Marvellous, the bounce appears more mechanical than conviction-driven, following $2.2 billion in long liquidations, with open interest remaining elevated and funding rates staying flat.

Trader Sykodelic also noted a highly imbalanced liquidation map, with most long positions cleared and roughly $29 billion in shorts remaining versus about $100 million in longs over a one-year view.

At the time of writing, Bitcoin was trading near $65,000, down nearly 9% in the past 24 hours and more than 21% over the last seven days. Over the past month, losses approach 30%, placing Bitcoin around 48% below its October 2025 peak of over $126,000. CryptoQuant analysts noted that this downturn has developed faster than the 2022 bear market. Their data show Bitcoin fell 23% within 83 days of losing its 365-day moving average, compared with a six percent decline over the same period in early 2022.

Santiment also highlighted that sentiment toward both Bitcoin and Ethereum has turned “extremely bearish,” a condition that can sometimes coincide with brief relief rallies when retail fear remains high.

For now, the market remains divided. Some traders see the concentration of short positions and elevated fear as potential fuel for a move back toward $70,000, while others caution that without a collapse in open interest and sustained sideways trading, the recent rebound may only precede another test of lower levels.

Bitcoin’s rebound illustrates the delicate balance between fear and opportunity in volatile markets, with short-term recoveries possible even amid structural weakness and large-scale liquidations. Investors are closely watching both spot and derivatives data to determine whether this bounce can sustain momentum or if further declines are imminent.