Bitcoin slips below $80,000; Raoul Pal blames US liquidity, eyes 2026 rally

On 2 February 2026, Bitcoin traded near $78,000 after losing the $80,000 level, as risk assets broadly weakened. Farside Investors reported roughly $1.5 billion in net outflows from US-listed spot Bitcoin ETFs last week, adding pressure. Raoul Pal attributed the drawdown to a short-lived US liquidity crunch and projected a stronger backdrop into 2026.