- Bitcoin fell below $84,000, impacting crypto markets widely.
- ETFs experienced $1.137B in outflows in late January.
- Corresponding declines seen in major altcoins, notably ETH.
Bitcoin fell below $84,000 on January 31, 2026, following resistance, causing concerns over a potential bearish trend in the cryptocurrency market.
This decline affects key assets like Ethereum and signals possible short-term bearish momentum in the wider market, prompting traders to reassess risk management strategies.
Bitcoin witnessed a decline, falling below the key level of $84,000 after facing resistance. The drop follows a 6.4% decline from its $90,400 high earlier. The price consolidation now appears to be setting a floor.
Major exchanges or institutional leaders have not displayed concrete involvement in these price shifts. Observers note that lower timeframe weakness is evident, as expressed by Altcoin Sherpa.
Comments from traders suggest a potential revisit to $80,000 levels.
The decline has triggered wider impacts across the cryptocurrency market. Notable coins, including ETH and Solana, are also registering over 7% losses. A substantial $948 million liquidation occurred over 24 hours, influencing many traders globally.
ETF investments saw a significant $1.137 billion withdrawal from January 20 to 26. This action reflects broader market sentiment and risk-off positioning. Secondary analysis considers historical cycles and predicts possible bearish targets if the correction progresses.
Next steps could involve further regulatory discussions as highlighted by an upcoming White House meeting. These discussions might focus on crypto legislation around stablecoins. Experts are closely watching markets for any technological advancements or policy changes that might aid recovery.
Micah Zimmerman’s Twitter Profile has additional insights and analysis on these developments.
