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.

Unsealed U.S. Department of Justice records related to Jeffrey Epstein reference a July 2014 email about Blockstream’s oversubscribed $18 million seed round and a separate May 8, 2010 note naming Michael Saylor’s $25,000 charity donation. The DOJ has said a name appearing in the materials does not, by itself, indicate wrongdoing.

After a roughly 16% slide since 28 January, Bitcoin briefly touched about $74,500 before rebounding to near $78,700. Social metrics show sentiment turning net negative for the first time in nearly two months, while the 14-day RSI near 29 flags oversold conditions. Key resistance remains concentrated around $80,000–$85,000.

On February 1 and 2, 2026, Bitcoin fell about 13% for the week, breaking below the $80,000 level and touching a nine-month low near $74,500. Analysts link the move to a liquidity squeeze, flat Realized Cap metrics, and macro pressure following Kevin Warsh's Fed chair nomination, while Strategy's average BTC entry price around $76,037 briefly turned negative. Despite this structural stress, some models still point to long-term upside, with projections implying potential recovery toward $113,000 by mid-2026.