[QCP: Bitcoin Drops to $74,500, Institutional Inflows Could Be Key] QCP released a briefing on February 2, stating that Bitcoin fell below the critical $80,000 support level on Saturday, hitting a low of $74,500, while Ethereum dropped below $2,170. Kevin Warsh was confirmed as the next Federal Reserve Chair, fueling market expectations of tighter policies. Over $2.5 billion in leveraged long positions were liquidated, exacerbating downward price pressure. Bitcoin is currently seeking stability around $74,500, aligning with the 2025 cycle low. The options market reflects cautious sentiment, but the level of downside hedging is lower compared to previous periods of pressure. Analysts believe that the recent trend will be influenced by institutional inflows, easing geopolitical risks, and Warsh's policy statements.