2.1 The January closing line is a large bearish candle, reaching a new low since April 11, 2025.

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Is the bearish trend continuing strongly? Is a rebound imminent?

In January 2026, just days before Donald Trump's inauguration in Washington, a **$500 million deal** quietly took place, involving capital from the wealthy elite in Abu Dhabi, UAE: the acquisition of a **49% stake** in the Trump family's cryptocurrency project **World Liberty Financial (WLFI)** through affiliated entities. The highly sensitive timing and the dual identity of the transaction's target quickly elevated this capital flow, originally categorized as venture capital, to a matter of political and regulatory significance.

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The price of Bitcoin surged to a high of $81,118 amid intense volatility, with the positions of two major whales being marked in real-time on-chain. $146 million in assets vanished within 24 hours, accounting for 8.4% of the total market liquidation value. Two massive liquidation records are permanently etched on the blockchain: a $65.14 million long position in ETH on Hyperliquid and a $80.58 million long position in BTC on HTX were both forcibly liquidated. This marks a bloody cleansing in the crypto market over the past week.

In the early hours of February 1, 2026, major cryptocurrencies such as BTC and ETH suddenly lost key support in an environment of high leverage, with BTC briefly dipping to around **$75,719.9**, and then quickly rebounding back to the previous range, causing severe turbulence across the entire market. According to CoinGlass data, approximately **$2.367 billion** was liquidated across the network in just 12 hours, with the liquidation primarily affecting long positions, as high-leverage long orders were "reset." In MicroStrat

Bitcoin falls below $81,000 due to the Iran explosion and the U.S. government shutdown; Hyperliquid whale liquidations exceed $700 million; pension fund whale opens a position of 30,000 ETH; CertiK report states that losses from vulnerabilities in January amounted to approximately $370.3 million.

Starting from 00:30, within 41 minutes, the BTC price plummeted from $81,247 to $78,188, a decrease of 3.77%.

On February 1, 2026, mainstream assets such as BTC and ETH experienced a sharp crash during the trading session in the East Eight Zone, plummeting from high levels: Bitcoin reached the $70,000 range again after 296 days but quickly fell back, while Ethereum recorded a dramatic drop of approximately **11.8%** within 24 hours. As prices plummeted, a chain reaction of liquidations occurred in the derivatives market, with Coinglass data showing that the total liquidation scale across the network reached as high as **16.

On February 1, 2026, **the price of Bitcoin briefly broke through the support level of $81,000, dipping to around $80,500**. During the major trading hours in the East Eight Zone, it recorded a **daily decline of 3.87% (Bitget data)**, and on a 24-hour basis, it fell by about **1.8% (HTX data)**, marking a new low in nearly 10 months. Over the past period, the price has been fluctuating around the **$80,000 to $82,000 range**, which is both a densely traded area in terms of technical patterns and a stronghold for bulls.

Starting from 22:15, within 12 minutes, the price of ETH plummeted from $2612 to $2555, a decrease of 2.16%.