On February 1, 2026, Bitcoin slid toward the 77,000 dollar area, testing a key support after several weeks of declines. The 24 hour snapshot showed BTC at 77,028 dollars, down 0.98 percent. Michael Saylor hinted at continued accumulation and said Strategy would not be liquidated even if prices fall further.

Hours after the firm's Bitcoin position briefly went below cost on Sunday, Michael Saylor posted "More Orange" on X, hinting at further accumulation. According to data released Sunday, Strategy holds 712,647 BTC at an average cost of $76,038, after price touched about $75,500. An analyst said unsecured debt and cash reserves help limit near‑term leverage risk.

Bitcoin traded below $79,000 as Coinbase and Glassnode reported that leverage was purged in the fourth quarter of 2025. The firms highlighted rising realized price, stable profitability, and a 1.5 MVRV ratio entering 2026.

On 1 February 2026, Bitcoin extended its decline toward the $77,000–$78,000 support area, with technical indicators showing oversold conditions and weakening momentum. Strategy currently holds 712,647 BTC at an average cost of about $76,038, leaving the position slightly profitable near the latest trading levels around $77,600. Michael Saylor has hinted at the possibility of further accumulation as the market hovers just above the firm's cost basis after previously seeing its holdings valued above $80 billion near Bitcoin's $126,000 peak.

According to Bob Elliott of Unlimited Funds, the average dollar invested in BlackRock's iShares Bitcoin Trust turned negative following Friday's close, as Bitcoin fell into the mid-$70,000 range. CoinShares data for the week to Jan. 25 show nearly $1.1 billion in Bitcoin fund outflows and $1.73 billion across crypto funds, the largest weekly withdrawal since mid-November.

Bitcoin entered February 2026 about $45,000 below its cycle peak after a 10.1% January slide to roughly $78,700. Historical CryptoRank data show February delivered +13.4% average and +11.6% median returns, topping most months except April and October. Strategy's 712,647 BTC stack near $73,000-$76,000 is seen as a pivotal support zone for any rebound.

The crypto market has fallen to about $2.6 trillion in value after a sharp weekend sell-off, with Bitcoin losing support above $78,000 and traders eyeing $75,000 as the next key level. More than $2.58 billion in leveraged positions were liquidated in 24 hours, deepening losses across major altcoins including Ethereum, Solana, and BNB. Market sentiment has turned extremely fearful as indicators show many coins in oversold territory, while weak demand from large investors is failing to offset the forced selling.

Bitcoin stayed below $80,000 after a drop of more than 6%, and traders on X highlighted $74,400 and $49,180 as downside liquidity. Rekt Capital noted a 21–50 week EMA crossover last seen in April 2022, with BTC down 17% from $90,000 to $78,000, while a CME futures gap near $84,000 may pull price short term.