Bloomberg: Bitcoin Falls Below $80,000 Mark, Confidence Crisis Deepens

Odaily News Bitcoin briefly fell below $76,000 during the weekend's thin trading, marking a roughly 40% pullback from its 2025 high and setting the record for its longest monthly losing streak since 2018. Market participants note that this round of decline was not triggered by panic selling or systemic risk, but rather the result of a combination of disappearing buy-side pressure, contracting liquidity, and waning confidence.

Data shows that Bitcoin has been slow to react to geopolitical tensions, a weakening US dollar, and rebounds in risk assets. Recent sharp fluctuations in precious metals also failed to trigger any capital rotation. Spot ETFs have seen continuous net outflows, institutional buying has noticeably cooled, and market depth remains more than 30% lower than the peak in October of last year.

Analysts generally believe the correction cycle is not over yet. Kaiko estimates that Bitcoin may need another 6 to 9 months to see a substantial recovery; some institutions have also warned that Bitcoin might struggle to reach new all-time highs within the next 1,000 days. Overall, price, correlation, and market conviction are under simultaneous pressure. (Bloomberg)