Overview
- Bitcoin fell to roughly $75,600–$76,000 over the weekend, its lowest level since April 2025, extending a decline of more than 30% from last year’s peak.
- Flow trackers reported three rapid liquidation waves that erased about $1.3 billion in positions, with broader counts topping $2.5 billion in 24 hours and over $1 billion cleared within minutes.
- U.S. spot crypto ETFs saw sustained withdrawals, including roughly $1.5 billion out of Bitcoin funds and $327 million from Ether products between Jan. 26–30, plus a single-day ~$818 million Bitcoin ETF outflow on Jan. 29.
- Redemptions were concentrated at major issuers, led by BlackRock’s IBIT (~$317.8 million) and Fidelity’s FBTC (~$168 million) on Jan. 29, underscoring how concentrated flows can strain thin market depth.
- Analysts cited a lack of fresh capital and thinning liquidity—evidenced by flatlining realized cap and defensive positioning—even as some on-chain data show long-term holders accumulating while macro and geopolitical risks weigh on demand.