TechFlow News, February 3: Wintermute stated that Bitcoin’s price fell below $80,000 for the first time since April 2025, triggering a record $2.55 billion in liquidations over the weekend—the tenth-largest liquidation event in cryptocurrency history.
This decline was driven by multiple factors: underwhelming earnings from Magnificent Seven tech giants—especially Microsoft—undermining the AI narrative; Kevin Warsh’s nomination as Federal Reserve Chair introducing policy uncertainty; and sharp corrections in precious metals markets (gold down 9%, silver down 26%).
Analysts note that while the market is currently in a bear phase, this downturn differs from previous ones—it is not rooted in structural issues (e.g., the FTX collapse), but rather stems from macroeconomic trends and shifts in market sentiment. The crypto industry’s infrastructure remains relatively robust, and a recovery is expected in the second half of 2026 as the macro environment becomes clearer.
