Bitcoin fell below $80,000 on Monday to trade at $77,984, marking a 10.79% decline since the start of 2026, according Yahoo Finance data.
The cryptocurrency faces downward pressure from shifting monetary policy expectations and the longest streak of ETF outflows since their inception, per investment firm QCP capital and data analytics firm SoSoValue.
Bitcoin is currently trading 37% below its October 2025 all-time high of $124,752. It recorded a 21.75% decline over the past twelve months. Investment firm QCP Capital described the current environment as a “double-barrel” blow to sentiment following the confirmation of Kevin Warsh as the next Federal Reserve Chair.
SoSoValue data shows a three-month consecutive redemption streak from November through January. This period represents the longest duration of net outflows since Bitcoin ETFs launched in January 2024. Investors withdrew approximately $5.67 billion from the funds during this timeframe.
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Outflows accelerated in November with $3.48 billion leaving Bitcoin ETFs. December and January saw further reductions of $1.09 billion and $1.61 billion respectively. Total net assets in the ETFs dropped from a peak of $152.01 billion in July 2025 to $107.65 billion on Monday.
This 29% decline in institutional holdings coincides with broader macro fears. QCP Capital noted that Warsh’s confirmation forced a market repricing. Investors anticipate earlier policy normalization or tightening from the central bank.
The shift brings the “Fed Put” into question. Gold and silver prices also retraced amid reduced demand for non-yielding assets. Higher margin requirements contributed to cross-asset contagion.
Volatility triggered a significant deleveraging event across the cryptocurrency market. Liquidations wiped out over $2.5 billion in leveraged long positions. Bitcoin prices trended down to $74,500 while Ether fell below $2,170., QCP notes.
Bitcoin stabilized above $74,500 on Monday, aligning with the 2025 cycle lows. QCP Capital identified this as a critical level for the cryptocurrency.
