'Code Red': Cramer Reacts to Latest Bitcoin (BTC) Price Crash
Analysis
Price Impact
HighJim cramer's 'code red' warning follows a rapid plunge of bitcoin to $72,185, which saw over $861 million in liquidations, predominantly long positions. this indicates significant market stress and downside pressure.
Trustworthiness
LowWhile the market liquidations are factual, jim cramer has a well-known track record of often being incorrect in his predictions, leading to the 'inverse cramer' phenomenon. the article also presents conflicting views from other analysts.
Price Direction
BearishThe 'code red' warning, the drop to a new yearly low of $72,185, and the massive liquidation event, combined with mentions of potential further drops to $70,000 (michael burry) and $54,000 (peter brandt), all point to strong bearish sentiment.
Time Effect
ShortThe 'rapid plunge' and 'non-stop carnage' describe immediate price action and market reactions that are currently unfolding, indicating a short-term effect.
Original Article:
Article Content:
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Famed CNBC anchor Jim Cramer recently took to the X social media network to react to Bitcoin's rapid plunge, warning that the cryptocurrency is now flirting with the "code red" level. Advertisement Cramer believes that $73,600 is the critical line of support for the leading cryptocurrency. Bitcoin 73,600 is flirting with that code red level HOT Stories Ripple Prime Goes Live on Hyperliquid: Why This Is 'God-Mode' Move for XRP Morning Crypto Report: Dogecoin (DOGE) Rises on Musk's Wealth Record, Ethereum (ETH) Eyes 24% Rally, Cardano (ADA) Dethrones Bitcoin Cash and Hyperliquid From Top 10 — Jim Cramer (@jimcramer) February 4, 2026 Non-stop carnage Earlier today, the leading cryptocurrency plunged to a new yearly low of $72,185, according to CoinGecko data. Advertisement The cryptocurrency market is currently undergoing a severe leverage flush. Over the last 24 hours, the market witnessed a massive capitulation event with total liquidations hitting $861.28 million. Of the $861.28 million totally liquidated in the past day, approximately $677.53 million came from long positions. You Might Also Like Wed, 02/04/2026 - 14:30 Bitcoin Whales Buying the Dip, On-Chain Data Reveals By Godfrey Benjamin The leading cryptocurrency is not on the verge of recording its fifth consecutive month in the red. Advertisement The recent plunge opens the door to the $70,000 level that Michael Burry of "The Big Short" fame previously warned would trigger institutional margin calls. The cryptocurrency could also potentially accelerate the crash toward Peter Brandt's $54,000 target. In the meantime, Matt Hougan of Bitwise Invest recently stated that the crypto winter was "almost over." #Bitcoin Price Prediction #Jim Cramer