Bitcoin ended Sunday's weekly session at $76,931, closing below its 100‑week simple moving average near $87,500. Drawing on prior cycles, analysts note such breaks have historically lasted 182 to 532 days, while heavy spot volume between $85,000 and $95,000 and a jump in USDT dominance suggest resistance could delay a move toward $100,000 for six months or more.

Based on hourly BTC/USD data from Kraken, Bitcoin slid below $78,000 to a $74,543 low and is now attempting to rebuild above $77,000–$78,000. The price remains under $80,000 and the 100‑hour simple moving average, with immediate resistance at $79,200 and $80,000. Failure to clear $79,200 could refocus support at $78,000 and $77,000.

On February 3, 2026, Bitcoin market sentiment slid into extreme fear, with the Fear & Greed Index at 14. The article cites a 13% decline over 30 days, a weekend dip to $74,500 followed by a rebound to $78,500, and about $2.2 billion in 24‑hour liquidations, while traders watch $69,000 downside and resistance near $80,600 and $91,350.

The ISM Manufacturing PMI rose to 52.6 in January, beating the roughly 48.5 consensus and ending 26 months of contraction. Analysts say the shift could support Bitcoin, which hovered near $78,000 and briefly touched a 10‑month low of $75,442 on Monday.

On February 2, Bitcoin fell to $74,532 after losing the $80,000 handle, then traded near $79,000 on February 3 following a 2.05% rebound. Markets dropped about $250 billion around Kevin Warsh’s Fed nomination, while a White House summit on stablecoin yields could tighten liquidity. Strategy added 855 BTC for $75.3 million, taking holdings to 713,502 BTC.

During a live market rundown, a crypto host warned that Bitcoin slipping below $80,000 alongside sizable spot ETF outflows is eroding price support and could deepen a correction, with a downside focus near $68,000 tied to the 200‑week EMA. Over the past 24 hours, according to the host, roughly $1.5–$1.6 billion in positions were liquidated, while U.S. spot ETFs saw month‑to‑date net withdrawals around $1.6 billion.

According to Cointelegraph, Bitcoin slid to $74,680 on Monday after about $1.8 billion in long liquidations since Thursday, yet multiple signals point to support holding near $75,000 into 2026. Derivatives premia sit around 3% with open interest at $40 billion, while spot ETFs logged $3.2 billion of outflows—less than 3% of AUM. Macro indicators and corporate balance-sheet details further suggest limited forced selling.

Bitcoin is trading beneath the blended cost basis of U.S. spot ETF inflows after consecutive weekly redemptions in late January. At the latest reading, price was near $74,000 while the ETF average entry sat above $84,000, and profitable supply fell toward cycle lows around 11–12 million BTC.