CryptoQuant CEO Signals Bitcoin Downtrend, Warns Of Sideways Consolidation Amid Profit-Taking Phase
Institutional-grade knowledge and analytics platform CryptoQuant CEO Ki Young Ju shared his market outlook on social media platform X, highlighting that Bitcoin is experiencing continued downward strain as promoting persists and new capital inflows have largely disappeared.
He famous that whereas a extreme 70% crash much like prior cycles is unlikely with out promoting from MicroStrategy’s Michael Saylor, the market has not but established a transparent backside and will enter a protracted interval of sideways consolidation.
According to him, Bitcoin’s current decline is pushed by sustained promoting strain mixed with an absence of contemporary funding, as mirrored within the Realized Cap, which has remained flat. In such an surroundings, any drop in market capitalization isn’t indicative of a bullish development.
Early holders, who amassed Bitcoin by exchange-traded funds (ETFs) and MicroStrategy purchases, have been realizing income since early 2025, and whereas sturdy inflows beforehand helped hold the value close to $100,000, these inflows have now largely ceased.
MicroStrategy performed an necessary position in supporting the prior rally, and Ki Young Ju advised that except Michael Saylor liquidates his holdings, a collapse of the magnitude seen in previous cycles is unbelievable. Nevertheless, ongoing promoting exercise signifies that the market backside stays unsure, with a bear market prone to transition into an prolonged sideways vary.
He highlighted that Bitcoin had entered a profit-taking part in November 2025, with the PnL Index—which measures revenue and loss throughout all wallets based mostly on price foundation—signaling a possible entry right into a bear cycle. He added that solely important macroeconomic liquidity might offset this pure profit-taking part, much like the market situations noticed in 2020.
Bitcoin Falls Below $80K Amid $1.6B ETF Outflows As Macro And Geopolitical Risks Weigh On Markets
As of the most recent buying and selling session, Bitcoin is priced at $76,731, reflecting a decline of greater than 2.17% over the previous 24 hours, with intraday lows reaching $74,567 and highs at $79,117, in line with CoinMarketCap knowledge. The cryptocurrency fell beneath $80,000 on Saturday, marking the primary time it has traded beneath that stage since April 2025.
US spot Bitcoin ETFs skilled massive web outflows in the course of the ultimate week of January, totaling roughly $1.49 billion, with Thursday alone accounting for $818 million, the biggest single-day withdrawal of the month. Overall, January 2026 noticed roughly $1.6 billion in whole web outflows from Bitcoin ETFs, representing the third-worst month on document for these funding merchandise.
The decline pushed Bitcoin briefly beneath MicroStrategy’s price foundation of $76,037 per coin, a stage not breached since October 2023. ETF flows point out that institutional traders have been decreasing total publicity to cryptocurrencies relatively than reallocating between belongings, a departure from earlier within the month when Ethereum inflows partially offset Bitcoin weak point.
The selloff accelerated following the nomination of former Federal Reserve Governor Kevin Warsh as the subsequent chair, which markets interpreted as a bearish sign for danger belongings. Additional geopolitical developments, together with experiences of an explosion at Iran’s Bandar Abbas port and a quick US authorities shutdown, additional contributed to a cautious, risk-off surroundings.
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