Bitcoin ranges $60K–$70K after Jan. 14–Feb. 5 35% drop; adoption metrics shift

Bitcoin fell 35% between Jan. 14 and Feb. 5 and has since traded within a $60,000–$70,000 range. Institutional ETF flows are negative while large holders, miners and corporate treasuries show mixed signals, including slowing monthly additions and a 30-day mean hash rate near 0.99 ZH/s. These indicators outline supply absorption and participation during a range-bound phase.