Bitcoin Weakens as Zcash, Stacks, and BNB Slide Near $72K

Zcash, Stacks, and BNB slip as BTC nears $72K amid risk-off sentiment, institutional outflows, and regulatory delays.

2026-02-05

Zcash (ZEC), Stacks (STX), and BNB (formerly Binance Coin) are among the biggest losers over the last 24 hours as Bitcoin (BTC) approaches $72,000. The correction is driven by multiple factors, including massive, steady outflows from institutions and large-wallet investors, broader-market risk-off sentiment, and the delay in the Digital Asset Clarity Act. Technically, the downside risk persists for Zcash, Stacks, and BNB amid intense bearish momentum.

Bitcoin risks further loss toward $70,000 as it trades near $72,000, marking a third straight day of declines. The BTC chart shows it trading well below the 50- and 200-day EMAs, which are sloping lower in a bearish configuration. The downside could extend toward the 61.8% Fibonacci extension near $69,743, measured from the October 6 high of $126,199 to the November 21 low of $80,600, with a third higher leg at the January 15 high of $97,924.

Zcash is near $250 at press time, below the 50- and 200-day EMAs, which slope downward toward a potential Death Cross. The privacy coin has fallen roughly 20% this week and may test the 50% retracement near $186 if selling persists. The MACD shows a steady decline in the negative region, while the RSI sits around 28, signaling oversold conditions.

Stacks is trading higher modestly after a 10% drop the prior day, but gains remain capped by the 50-day EMA at $0.3119, maintaining a bearish bias. The MACD line sits near the signal line with a contracting negative histogram, and the RSI of 44 remains below the 50 midline, indicating sellers still hold some control. A close above the 50-day EMA would be needed to challenge resistance in the $0.3500–$0.3646 area.

BNB has fallen below $700, extending a third straight week of losses. The token remains well below the 50-day and 200-day EMAs, with the shorter moving average crossing below the longer after Monday’s Death Cross, underscoring bearish momentum. The MACD and its signal line are in freefall, and the RSI sits around 21, signaling oversold conditions. Immediate support sits at the 78.6% Fibonacci retracement near $620, and a break below could open further downside; a daily close above the 61.8% retracement around $735 would ease downward pressure.