Over the next four weeks there will be continued cost-cutting across the crypto industry, very few to zero ICOs and only isolated pockets of innovation capturing people’s attention. One or two projects may take advantage of the vacuum of good news to execute prepared marketing campaigns, but generally this month will see a continued downtrend as geopolitical conditions continue to inject uncertainty. $BTC
$60,000 is where most models see deeper support if Bitcoin drops through the psychological $70,000 floor. For Bitcoin to retreat past $60,000, putting it bluntly, there will need to be a strong upshift in panic selling. $BTC
Bitcoin Price Awaits Its Next Move Gavin Thomas, CEO and co-founder of TEN Protocol, told Cryptonews that he sees a similar support zone but emphasized what would be required for Bitcoin to break lower:
Thomas argues that this may be harder than it sounds. Many long-term holders have already lived through multiple cycles. Instead of selling into fear, they are more likely to hold through volatility or accumulate at lower levels.
Looking ahead to the near term, he expects February to remain challenging.
Thomas said the next month is likely to be marked by caution across the crypto industry, with reduced spending and limited activity outside a small number of standout projects: $BTC
$60,000–$65,000 is a realistic floor, and that’s where real buyers historically show up. It represents roughly a 50% drawdown, which is brutal but normal for Bitcoin corrections. $BTC
Bitcoin Price Could See a 50% Correction, ‘Which Is Brutal but Normal’ In a conversation with Cryptonews, Tanisha Katara, a blockchain governance consultant and researcher working with Avail, Filecoin, and Polygon, said the market may be closer to a real bottom than many fear: At the same time, she dismissed scenarios calling for a much deeper drop. A move toward the $30,000–$35,000 range, Katara argued, “is a ridiculous and baseless prediction.”
Katara added that Bitcoin is currently behaving like a classic risk asset, with macro pressure playing a major role:$BTC $ETH
Trump’s tariffs triggered a risk-off move across global markets. Leverage was wiped out, followed by $1.6 billion in monthly ETF outflows. This combination created selling pressure for BTC and other crypto assets. $BTC $
CryptoQuant also warned that Bitcoin has broken below its 365-day moving average for the first time since March 2022. BTC has already declined 23% in the 83 days since that breakdown — a sharper move than the early stages of the 2022 bear market.
With key on-chain support levels now lost, CryptoQuant suggests Bitcoin could face further downside toward the $70,000–$60,000 range unless a new catalyst restores demand and liquidity.
Technical Breakdown Raises Downside Risk CryptoQuant also warned that Bitcoin has broken below its 365-day moving average for the first time since March 2022. BTC has already declined 23% in the 83 days since that breakdown — a sharper move than the early stages of the 2022 bear market.
With key on-chain support levels now lost, CryptoQuant suggests Bitcoin could face further downside toward the $70,000–$60,000 range unless a new catalyst restores demand and liquidity. $BTC
Stablecoin Liquidity Shows First Contraction Since 2023 Liquidity conditions are also tightening, according to the report. CryptoQuant pointed to USDT’s 60-day market cap growth turning negative by $133 million, marking the first contraction since October 2023.
Stablecoin expansion peaked at $15.9 billion in late October 2025, and the reversal is consistent with liquidity drawdowns typically seen in bear markets.
The firm added that one-year apparent spot demand growth has collapsed 93%, falling from 1.1 million BTC to just 77,000 BTC, reinforcing the slowdown in new capital entering the market.
ETF Flows Turn From Tailwind to Headwind CryptoQuant highlighted a material reversal in institutional demand, particularly through U.S. spot Bitcoin ETFs. At the same point last year, ETFs had purchased roughly 46,000 BTC, but in 2026 they have instead become net sellers, offloading around 10,600 BTC.
That shift represents a 56,000 BTC demand gap compared with 2025, contributing to persistent selling pressure across the market.
U.S. Spot Demand Remains Subdued Despite lower prices, CryptoQuant said U.S. investor participation remains weak. The Coinbase Premium — often used as a proxy for American spot demand — has stayed negative since mid-October.
Historically, sustained bull markets have coincided with a positive Coinbase Premium driven by strong U.S. buying. CryptoQuant noted that this pattern has not returned, suggesting retail and institutional dip-buying remains limited $BTC
Bitcoin may be entering a renewed bear market phase, according to new research from CryptoQuant, as on-chain indicators, weakening institutional flows and tightening liquidity conditions point to broad structural downside risk.
In its latest Crypto Weekly Report, CryptoQuant said multiple on-chain metrics now confirm a bear market regime. The firm noted that Bitcoin peaked near $126,000 in early October, when its Bull Score Index stood at 80, signaling a strong bullish environment. $BTC
BitMine Immersion chairman Tom Lee pushed back against criticism of its growing paper losses this week, saying the drawdown reflected the design of its ethereum treasury strategy rather than a flaw in execution.
In a series of posts on X, Lee said BitMine is built to track the price of ether and outperform it over a full market cycle, likening its structure to an index-style product rather than a tactical trading vehicle.
With crypto markets in a downturn, however, the firm said unrealized losses on its $ETH holdings are inevitable.
“Crypto is in a downturn, so naturally $ETH is down,” Lee wrote, adding that paper losses are “not a bug — it’s a feature,” and questioning whether similar scrutiny is applied to index funds during market declines. $BTC $ #TrumpEndsShutdown