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

BlockBeats News, February 1st, according to Bloomberg, Bitcoin briefly fell below $76,000 during weekend trading, a retracement of about 40% from its 2025 high, marking the longest monthly losing streak since 2018. Market participants pointed out that this round of decline was not triggered by panic selling or systemic risk but was the result of a disappearing buy-side, tightening liquidity, and weakening confidence.

Data shows that Bitcoin has responded sluggishly to geopolitical tensions, a weakening US dollar, and a rebound in risk assets, with recent sharp fluctuations in precious metals failing to bring about fund rotation. Spot ETFs continued to see net outflows, institutional buying interest significantly cooled off, and market depth remains over 30% lower than the peak in October last year.

Analysts generally believe that the correction period is not yet over. Kaiko forecasts that Bitcoin may need another 6 to 9 months to see a substantial recovery; some institutions have also warned that Bitcoin may struggle to reach new highs in the next 1000 days. Overall, price, correlation, and market sentiment are under simultaneous pressure.