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.

Bitcoin slid to roughly $78,000 after cascading liquidations stripped $1.3 billion from leveraged positions within 12 hours. Bull Theory said the turbulence was part of a $12 trillion cross-asset drawdown that also dragged metals and U.S. equities lower.

On February 1, 2026, Bitcoin dropped below $80,000 amid accelerating derivatives liquidations. According to market data, more than $500 million in long positions were wiped out within an hour and nearly $3.5 billion over three days, while reports indicate a well-known early holder lost over $120 million during yesterday’s sell-off.

In an email dated October 13, 2016, later released within the U.S. Department of Justice's 3 million-file document dump, Jeffrey Epstein claimed he had spoken with "some of the founders of Bitcoin" while pitching Saudi contacts on a dual Sharia-based currency system. The proposal combined a physical fiat "Sharia" currency with a digital version linked to the Bitcoin network, and additional emails from 2013 and 2014 placed Epstein inside early crypto debates involving major investors as well as tensions around Ripple and Stellar.