Markets
Hot Gossip in the Crypto World:
- Bitcoin decided to take a nosedive, plummeting over 10% to a cozy $75,700. Because, you know, April 2025 was just too mainstream. Ether and Solana? They brought their drama too, tumbling like they’re auditioning for a circus act.
- $111 billion vanished in 24 hours. That’s like losing your entire Netflix queue, but with more tears and fewer rom-coms. Oh, and $1.6 billion in leveraged positions? Gone. Poof. Like that time you “accidentally” deleted your ex’s number.
- Analysts are sipping their overpriced lattes, muttering about long-term holders cashing in after the ETF party. Sideways trading is the new black, they say. A swift rebound? As likely as me finishing a diet. Unless MicroStrategy starts selling, a 70% crash is about as probable as me winning a marathon.
So, Bitcoin took a Saturday stroll below $80,000, because why not? Persistent selling pressure and a capital drought are the new power couple, dragging crypto markets through the mud. First date? Disaster.
The world’s favorite digital coin dropped 10% to $75,709.88 during New York’s afternoon siesta. Ether and Solana had their own meltdowns, proving it’s not just Bitcoin feeling dramatic. $111 billion wiped off the market cap? Ouch. That’s like realizing you spent your entire paycheck on avocado toast.
Leveraged positions? $1.6 billion liquidated. Oops. Someone forgot to set a stop-loss. Ki Young Ju, the CryptoQuant CEO, chimed in: “Realized cap flatlined. No new money. Not a bull market.” Thanks, Ki. We were just about to ask.
Early holders are sitting on gains thanks to ETFs and MicroStrategy’s shopping spree. But now? Profit-taking meets demand drought. It’s like a party where everyone left early, and you’re stuck with the cleanup.
Bitcoin is dropping faster than my standards on a Friday night. Selling pressure? Check. Fresh capital? LOL, no.
Realized Cap flatlined. Bull market? More like a bull in a china shop.
Early holders are rich, thanks to ETFs and MSTR. But now? It’s a consolidation party, and everyone’s invited to sulk.
– Ki Young Ju (@ki_young_ju) February 1, 2026
MicroStrategy, the rally’s MVP, isn’t selling. Yet. So, no 70% crash. For now. But the selling pressure? It’s like that one friend who won’t stop talking about their ex. Saturday’s drop put MicroStrategy’s position underwater, but they’re fine. Probably. CoinDesk says so.
This retreat is giving “Liberation Day” flashbacks, minus the liberation. Macro frustration? Check. Weak dollar? Gold’s record highs? Bitcoin’s like, “Thanks, but no thanks.” Gold and silver reversed, and crypto’s hedge dreams fizzled. U.S. market rules delayed? Investor confidence: peace out.
Ju predicts a sideways tango, not a rebound. “Wide-ranging consolidation,” he says. Basically, crypto’s taking a nap. Wake me up when it’s interesting again.
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2026-02-01 09:50