Bitcoin drops to $78,000 as MicroStrategy-fueled rally runs out of buyers, traders say

Market Intelligence Analysis

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Why This Matters

Bitcoin's price has dropped to $78,000 due to profit-taking by early holders and a lack of fresh capital, leading to thinning liquidity.

Market Impact

Market impact analysis based on bearish sentiment with 90% confidence.

Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term

Article Context

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Bitcoin sank to its lowest levels since April as profit-taking by early holders collided with thinning liquidity and a sharp drop-off in fresh capital.

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Original article published by CoinDesk on February 1, 2026.
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