On February 2, 2026, Galaxy’s Alex Thorn said Bitcoin is trading below the average cost basis of US spot ETFs after those funds logged their second- and third-largest weekly outflows last month. Coinglass reported about $2.8 billion in net redemptions over two weeks, while BiTBO estimates roughly $113 billion AUM and 1.28 million BTC held, implying an average purchase price near $87,830.

Updated on February 2, 2026, Bitcoin fell beneath Strategy Inc's $76,037 average purchase level, intensifying pressure on the firm's accumulation play. MSTR is down nearly 70% from its peak, and with equity now tracking the value of its 712,000 BTC, issuing new shares would be highly dilutive.

Veteran chartist Peter Brandt warned Strategy shareholders on X as Bitcoin’s early‑2026 consolidation falters. Lookonchain data shows the firm’s 712,647 BTC stack is sitting on an unrealized loss of over $900 million, while Brandt’s chart projects a possible drop toward $54,059.60. MSTR shares are 72% below the $543 record set in November 2024.

Igor Runets, head of Russian Bitcoin miner BitRiver, was detained on Friday and formally charged on Saturday with three counts tied to alleged asset concealment for tax evasion. A Moscow court ordered house arrest the same day, with an appeal deadline on Wednesday. The firm has faced sanctions, partner exits and operational cutbacks in recent years.

On 2 February 2026, the crypto market extended its pullback, putting total capitalization near $2.54 trillion after a daily drop of more than four percent. Bitcoin briefly traded around $75,600, the lowest since early 2024, while altcoins saw broad declines. According to the Fear and Greed Index, sentiment fell to 15, signaling extreme risk aversion.

Bitcoin slid from $84,000 on Saturday to about $74,600 on Monday, the lowest level in nine months, and now trades below the average cost basis for US spot Bitcoin ETFs. The 11 funds recorded $2.8 billion in outflows over the past two weeks as AUM hovers near $113 billion with roughly 1.28 million BTC.

Bitcoin has fallen more than 10%, sliding from above $82,500 to trade under $80,000 and its 100-hour simple moving average. The BTC/USD pair now faces resistance around $79,200, while analysts are watching support levels at $75,000 and a key downside target near $70,000. A move above $79,200 and then $82,000 could open the way for a rebound, but failure may leave the $72,000–$70,000 area exposed.

On Sunday, Strategy executive chairman Michael Saylor hinted the firm added Bitcoin after a more than 13% weekend slide pushed BTC to $75,892, briefly under its $76,040 cost basis before rebounding to $76,765. The drop followed President Donald Trump's Friday nomination of Kevin Warsh; Saylor posted “More Orange” alongside a $55 billion purchases chart.