Bloomberg: Bitcoin falls below the $80,000 mark, confidence crisis intensifies

According to Bloomberg, Bitcoin briefly fell below $76,000 during light trading over the weekend, retreating about 40% from its 2025 peak, marking the longest monthly losing streak since 2018.

Market participants pointed out that this round of decline was not triggered by panic selling or systemic risks, but rather the result of the disappearance of buying interest, liquidity contraction, and weakened confidence. Data shows that Bitcoin has been slow to respond to geopolitical tensions, a weakening dollar, and rebounds in risk assets, while recent volatility in precious metals has not led to a rotation of funds. Spot ETFs have seen continuous net outflows, institutional buying has noticeably cooled, and market depth remains over 30% lower than the peak in October last year. Analysts generally believe that the adjustment cycle has not yet ended. Kaiko expects that Bitcoin may need another 6 to 9 months to see a substantial recovery; some institutions also warn that Bitcoin may struggle to reach new highs within the next 1,000 days. Overall, price, correlation, and market sentiment are all under pressure simultaneously.