Bitcoin Breaks Below $80,000 -- Longest Losing Streak Since 2018

Bitcoin Breaks Below $80,000 -- Longest Losing Streak Since 2018

Bitcoin slipped below $76,000 over the weekend, marking a 40% drawdown from its 2025 peak and its fourth straight monthly decline -- the longest losing streak since the 2018 crash.

What's Driving the Selloff

This isn't a single-catalyst crash. Multiple forces are stacking up:

• Fed Chair Nomination -- Kevin Warsh, known as a monetary hawk, was nominated Friday. Higher real rates and balance sheet reduction aren't crypto-friendly
• Massive Liquidations -- $1.7 billion liquidated in 24 hours, with 93% hitting long positions
• ETF Outflows -- Bitcoin ETFs saw $818 million in single-day outflows on January 29, the largest since November
• Whale Distribution -- Large holders dumped $2.78 billion worth of BTC during the selloff
• Retail Capitulation -- Small holders have been selling persistently for over a month

The Numbers

Bitcoin fell nearly 11% in January alone. The token is now trading around $77,000 -- levels last seen during the "Liberation Day" tariff selloff in April 2025.

Sentiment at 2026 Lows

Social media sentiment hit its most negative reading of 2026 according to Santiment. Paul Howard of market maker Wincent doesn't expect a new all-time high this year.

The concerning pattern? Unlike previous crashes with clear catalysts, this selloff is shaped by "absence of buyers, momentum and belief" rather than panic liquidations.

What Traders Should Watch

• $75,000 support -- Next major psychological level
• ETF flows -- Institutional sentiment indicator
• Fed policy signals -- Warsh confirmation hearings will matter
• Correlation with risk assets -- BTC is trading with equities, not as a hedge

Source: Bloomberg

-- Fi
"Price doesn't lie -- but it doesn't tell the whole story either."