Bitcoin Drops 40% in Four Months. Bloomberg Blames Absence of Buyers and Belief
6 152October saw Bitcoin reach $123,742. But less than four months later, "The world's largest cryptocurrency slipped below $76,000..." Bloomberg reports, "dropping about 40% from its 2025 peak..."
"What began as a sharp crash in October has morphed into something more corrosive: a selloff shaped not by panic, but by absence of buyers, momentum and belief." Unlike the October drawdown, there's been no obvious spark, cascading liquidations or systemic shock — just fading demand, thinning liquidity, and a token that's untethered to broader markets. Bitcoin has failed to respond to geopolitical stress, dollar weakness, or risk rallies. Even during gold and silver's violent swings in recent weeks, crypto saw no rotation. Bitcoin fell nearly 11% in January, marking its fourth straight monthly decline — the longest losing streak since 2018, during the crash that followed the 2017 boom in initial coin offerings...
Even more striking than the drop itself is the relative lack of optimism around it on social media. In a space known for relentless bravado and "number go up" memes, Bitcoin's slide has been met with little cheerleading or dip-buying fanfare... [Despite legislative wins and some institutional investments] Many investors say that optimism was front-run. Prices rallied early — and then stalled. Meanwhile, spot ETFs continue to bleed, a sign of weakening conviction among mainstream buyers — many of whom are now underwater after buying at higher prices.
On Thursday, Bitcoin closed at 88,228. By Sunday it had plunged another 13%, to 76,790...
6 comments
Good... (Score: 5, Interesting)
by JaredOfEuropa ( 526365 ) on Sunday February 01, 2026 @04:57PM (#65963014)
We need the energy that's being wasted on blockchain calculations to run AI models instead, to herald in a golden future!
It would have dropped even faster, but... (Score: 5, Insightful)
by leonbev ( 111395 ) on Sunday February 01, 2026 @04:59PM (#65963018)
Michael Saylor and Strategy have been buying up a lot of Bitcoin on it's way down. This wasn't a trivial amount, either... we're talking tens of thousands of Bitcoin for tens of millions of dollars. It will be interesting to see what the bankers who lended him the money to buy that crypto will do if Bitcoin drops even further and they start showing huge losses.
Re: It would have dropped even faster, but... (Score: 5, Interesting)
by klipclop ( 6724090 ) on Sunday February 01, 2026 @05:08PM (#65963044)
I don't know enough, but I believe he has a bunch of cash set aside to buy, and a seperate pool of funds to pay distributions. He can't be margin called since he issued debt to fund things. The big bet is how much will BTC crash, and how long before the next bull market? If you can get the timing right just a little, you'll be able to make a lot of money!
BTC is crappy design (Score: 5, Insightful)
by Plugh ( 27537 ) on Sunday February 01, 2026 @05:02PM (#65963024)
Not scalable. Very slow low bandwidth. Expensive to use. Not actually encrypted nor anonymous; actually a privacy nightmare mich worse than credit cards. Other crypto solved these problems. Not crappy BTC. Everybody buys drugs with superior fintech these days.
LOL (Score: 5, Insightful)
by rudy_wayne ( 414635 ) on Sunday February 01, 2026 @05:02PM (#65963026)
But less than four months later ...
Imagine having $100 in your wallet. Four months later you go into a store to buy something and you are told that your money is only worth $50 now. That is why cryptocurrency is useless bullshit.
Liquidity was always a huge problem (Score: 5, Insightful)
by rsilvergun ( 571051 ) on Sunday February 01, 2026 @05:06PM (#65963038)
A lot of people have lost their shirts. Meanwhile with Trump as president there's basically no money laundering laws being enforced. So why bother going to the trouble of using crypto to launder your money? And at the end of the day money laundering is the killer app for cryptocurrency.