Why Is Crypto Tanking? Data-Driven Survival & Zero-Fee Hedging
The cryptocurrency market is currently navigating a period of intense volatility that has left many participants questioning the mid-term outlook. As of this morning, February 6, 2026, a “sea of red” has engulfed major digital assets. According to real-time data from CoinMarketCap, Bitcoin (BTC) has retracted to 1,889.24.
This correction has pushed the Fear and Greed Index into a zone of “Extreme Fear,” currently sitting at a level of 5/100. For investors and traders, the central question is no longer just “Why is crypto falling today?” but rather, “How can I protect my capital while maintaining market exposure?”
In response to this high-volatility environment, Phemex has launched the TradFi Futures Zero Fee Carnival, an initiative…
