Coinspeaker
10 hour ago
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BEARISH 📉 : Bitcoin drops as institutional selling pressures market further

Bitcoin's price has fallen by 8% over the past 24 hours, reaching approximately $70,500. This decline continues to erase market capitalization, totaling over $500 billion in less than a month.

Potential for Further Decline

  • The price dropped another 7% to around $70,000, causing $400 million in liquidations.
  • Peter Brandt suggests the decline results from coordinated selling rather than retail liquidation.
  • Bitcoin has experienced eight consecutive days of lower highs and lows, indicating "campaign selling" by large entities.
  • Brandt anticipates a possible further drop to $63,800.

Bear Market Signs

  • CryptoQuant indicates the current downturn is faster than the 2022 bear market.
  • After breaking below the 365-day moving average on November 12, 2025, Bitcoin fell 23% in 83 days.
  • The 2025 crypto winter shows a weaker market structure compared to earlier phases.

Institutional Demand Shifts

  • U.S. spot Bitcoin ETFs have shifted from buying to selling, with a net offload of 10,600 BTC in 2026.
  • This change represents a demand gap of roughly 56,000 BTC compared to 2025.
  • On February 4, spot Bitcoin ETFs noted $545 million in outflows, led by BlackRock’s IBIT at $373 million.
  • IBIT's share price decreased by 4% on February 4, down more than 18% since early 2026.

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