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Bloomberg: Bitcoin Falls Below $80,000 Key Level, Confidence Crisis Deepens

2026.02.01 15:13:55

**Bitcoin Falls Below $76k in Weekend Trading, Hits 2018-Longest Monthly Losing Streak** (Bloomberg) — Bitcoin briefly dropped below $76,000 during weekend trading on February 1, marking a roughly 40% retracement from its 2025 high and the longest monthly losing streak since 2018. Market participants note the decline wasn’t driven by panic selling or systemic risk—but rather by fading buy-side demand, tightening liquidity conditions, and eroding market confidence. Data shows Bitcoin has reacted sluggishly to geopolitical tensions, a weaker U.S. dollar, and a rebound in risk assets; recent sharp swings in precious metals have also failed to spark fund rotation. Spot ETFs continued to see net outflows, institutional buying interest has cooled significantly, and market depth remains over 30% below its October 2024 peak. Analysts broadly agree the correction isn’t over yet. Kaiko forecasts Bitcoin may need another 6 to 9 months for a meaningful recovery; some firms have also warned the crypto could struggle to hit new highs over the next 1,000 days. Overall, prices, correlations, and market sentiment are under simultaneous pressure.
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