The 2x Bitcoin Strategy ETF (BITX) closed at $53.98 on February 5, down 2.86%, as Bitcoin's price faced downward pressure amid macroeconomic concerns and market sentiment shifts. Bitcoin's current price is $97,342.71, reflecting a 0.48% decline. The stronger-than-expected U.S. private payrolls report, indicating 183,000 jobs added in January, has fueled speculation that the Federal Reserve may maintain higher interest rates longer, impacting liquidity and investor sentiment towards risk assets like Bitcoin. Additionally, tightening U.S. dollar liquidity, highlighted by a significant increase in the U.S. Treasury General Account's cash balance, has further strained market conditions. This liquidity squeeze, coupled with a decline in Bitcoin's network activity to its lowest level in a year, has exacerbated the downward pressure. The ongoing U.S.-China trade tensions and recent retaliatory actions from China have added to the uncertainty, affecting Bitcoin's price dynamics.