[Bloomberg: Bitcoin Falls Below $80,000 Mark, Confidence Crisis Intensifies] BlockBeats News, February 1, according to Bloomberg, Bitcoin briefly fell below $76,000 during light weekend trading, retreating approximately 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 was the result of a combination of disappearing buy orders, shrinking liquidity, and weakening confidence. Data shows that Bitcoin has been slow to respond to geopolitical tensions, a weakening dollar, and a rebound in risk assets. Recent sharp fluctuations in precious metals have also failed to trigger a capital rotation. Spot ETF funds continue to see net outflows, institutional buying has significantly cooled, and market depth remains more than 30% lower than the peak in October last year. Analysts generally believe the adjustment cycle is not yet over. Kaiko predicts that Bitcoin may require another 6 to 9 months to achieve substantial recovery. Some institutions have also warned that Bitcoin may struggle to reach new highs within the next 1,000 days. Overall, price, correlations, and market confidence are under simultaneous pressure.