Over the weekend, Bitcoin fell sharply below $76,000 on light volume, briefly slipping through $75,000 and moving into a horizontal support band between $73.7K and $76.5K identified by technician Aksel Kibar. He argues that this area is only a potential bottoming zone and says he is waiting for clear bullish reversal patterns and a breakout above $91.2K before adopting a more constructive view. At press time, Bitcoin was trading around $76,713.

Binance said on January 29, 2026 it will transition its $1 billion Secure Asset Fund for Users into Bitcoin over a 30‑day window. As the program began, the fund acquired 1,315 BTC priced at $100.7 million to anchor reserves against market swings. The move is framed as user protection and volatility management.

Over the past 24 hours, Bitcoin briefly slid toward $74,000 before recovering above $76,800 and remains down 13% for the week. Analyst Doctor Profit cut his projected cycle low to a $54,000–$44,000 range and expects a move toward $70,000 first. Matrixport reported three consecutive months of net outflows from spot Bitcoin ETFs.

On February 2, Bitcoin briefly dipped under $75,000, touching lows near $74,700 during a volatile weekend session before rebounding to around $76,600. The move, occurring amid thin liquidity and broader macro uncertainty, erased almost $800 million in leveraged crypto positions and coincided with a 2.6% drop in total market capitalization to $2.57 trillion. Major altcoins, including Monero, Pump.fun, Kaspa, and Ethereum, also recorded sharp losses as traders shifted into risk-off mode on concerns over tighter U.S. monetary policy and rising geopolitical tensions.

On February 2, 2026, Galaxy’s Alex Thorn said Bitcoin is trading below the average cost basis of US spot ETFs after those funds logged their second- and third-largest weekly outflows last month. Coinglass reported about $2.8 billion in net redemptions over two weeks, while BiTBO estimates roughly $113 billion AUM and 1.28 million BTC held, implying an average purchase price near $87,830.

Updated on February 2, 2026, Bitcoin fell beneath Strategy Inc's $76,037 average purchase level, intensifying pressure on the firm's accumulation play. MSTR is down nearly 70% from its peak, and with equity now tracking the value of its 712,000 BTC, issuing new shares would be highly dilutive.

Veteran chartist Peter Brandt warned Strategy shareholders on X as Bitcoin’s early‑2026 consolidation falters. Lookonchain data shows the firm’s 712,647 BTC stack is sitting on an unrealized loss of over $900 million, while Brandt’s chart projects a possible drop toward $54,059.60. MSTR shares are 72% below the $543 record set in November 2024.

Igor Runets, head of Russian Bitcoin miner BitRiver, was detained on Friday and formally charged on Saturday with three counts tied to alleged asset concealment for tax evasion. A Moscow court ordered house arrest the same day, with an appeal deadline on Wednesday. The firm has faced sanctions, partner exits and operational cutbacks in recent years.