TechFlow News: On February 2, QCP released a briefing stating that Bitcoin dropped below the critical support level of $80,000 on Saturday, hitting a low of $74,500; Ethereum also fell below $2,170. This downturn coincided with Kevin Warsh’s confirmation as the next Federal Reserve Chair, fueling market expectations of tighter monetary policy. Reports indicate over $2.5 billion in leveraged long positions were liquidated, intensifying downward price pressure.
Bitcoin is currently seeking stability near $74,500—a level aligned with the 2025 cycle low. Options markets continue to reflect caution, though downside hedging remains weaker than during previous periods of market stress. Analysts note that near-term price action will hinge on whether institutional capital re-enters the market, geopolitical risks ease, and Warsh’s policy statements. This marks Bitcoin’s fourth consecutive month of declines.
