Bitcoin's 'hopium' for bulls may be over and this weekend's slide could be just the beginning
Yahoo Finance·2026-02-02 03:06
Bitcoin’s price sank sharply over the weekend, sliding below $78,000 — its lowest level since April — as profit-taking collided with thinning liquidity and a scarcity of fresh buyers. Traders told CoinDesk that a rally once backed by corporate demand, particularly from Strategy’s (MSTR) bitcoin purchases, has run out of steam, leaving markets vulnerable to forced selling and derivative liquidations. For some market analysts, Saturday’s slide fits into a broader bearish pattern that has been emerging for ...