The cryptocurrency market experienced a sharp decline on Friday, January 30, when the price of Bitcoin fell to $83,383 – its lowest level since November last year. The main reason for the collapse was a record outflow of institutional investors from American spot Bitcoin funds (ETFs), which lost more than $1.1 billion over the past week. This is reported by Bloomberg, writes UNN.
Details
Bitcoin's fall occurred against the backdrop of a global shift in sentiment in financial markets, where investors began to withdraw funds from risky assets in favor of safe-haven instruments. A significant portion of capital moved into precious metals: while BTC was losing value, gold updated its historical maximum, exceeding $5,600 per ounce. Bloomberg analysts note that the massive sale of shares in BlackRock's IBIT and Fidelity's FBTC funds indicates a deep re-evaluation of risks by major players.
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In addition to the outflow from ETFs, the price was pressured by uncertainty regarding the Fed's future policy and geopolitical tensions surrounding new US trade tariffs.
Technical picture and analysts' forecasts
From a technical point of view, Bitcoin broke through a critical support line around $85,000, which opened the way for further decline. Currently, traders are closely watching the $79,000 – $80,000 zone, which was the low during the correction in October 2025. If the asset fails to hold these levels, the next target could be $74,000.
Despite the current pessimism, some experts view this decline as a "cleansing" of the market from excessive speculative positions. However, for the upward trend to resume, stabilization of flows into spot ETFs and a return of confidence from institutional holders, who are currently taking a wait-and-see approach, are necessary.
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