Wintermute: The Bear Market is Not Over, But the Next Rebound Could Be "Different This Time"
BlockBeats News, February 3rd, Wintermute released a new article stating that the Bitcoin price recently fell below the $80,000 mark for the first time since the April 2025 Trump tariff event. Over the weekend, the cumulative liquidation scale of the crypto market reached $2.55 billion, marking the tenth largest liquidation event in history.
The market generally believes that this round of decline was not triggered by a single negative factor, but was the result of the concentrated fermentation of multiple macro factors, including: the disappointing earnings reports of the Mag7 in the US stock market shaking the AI narrative, Kevin Warsh unexpectedly nominated as the Fed Chairman, and a sharp pullback in the precious metals market. In particular, silver once plummeted 26% intraday, triggering a CME circuit breaker, intensifying the overall risk-off sentiment in the market.
Analysis points out that after fluctuating in the $85,000 to $95,000 range for the past two months, BTC broke below this range, compounded by weekend illiquidity and high leverage positions, amplifying selling pressure. Currently, crypto assets are showing the weakest performance among risk assets, indicating that the market is still in a bear market phase and a price discovery stage.
However, institutions believe that unlike structural crises such as FTX and Luna, this round of adjustment is more driven by macro factors and positions, with no systemic risk contagion observed. If macro uncertainty eases in the second half of 2026 and the monetary policy path becomes clearer, market sentiment and fund focus are expected to recover relatively quickly.
You may also like

Pantera Partner: Predicting the Market is No Longer a 'Betting Game,' But a Core Financial Asset Class

Key Market Intelligence on February 3rd, how much did you miss out on?

From Libya to Iran: The Land of Blackouts, the Land of Uninterrupted Bitcoin Miners

Circle: Not Every Company Can Issue a Stablecoin

Trump Says He Was Unaware of $500M UAE Investment in World Liberty Financial
Key Takeaways: US President Donald Trump denied knowledge of a $500 million UAE investment in World Liberty Financial.…

Crypto Industry and Banks at a Stalemate Over Stablecoin Yield Deal
Key Takeaways The White House has urged a compromise on stablecoin yields to progress Senate crypto legislation. Crypto…

Why Vitalik Buterin Sold Over 700 Ethereum (ETH) Despite Market Recovery
Key Takeaways Vitalik Buterin sold over 700 Ethereum not for market reasons but to finance long-term projects. The…

Binance Withdrawals Restored Following Temporary Disruption
Key Takeaways Binance faced technical difficulties affecting withdrawals, but services were quickly restored within 20 minutes. The disruption…

Asian Markets Stabilize as Bitcoin Trades Around $78K
Key Takeaways Bitcoin steadies at approximately $78,000 as Asian markets recover from recent volatility. Regional equities, including Japan’s…

Bitcoin Price Prediction: The Warsh Shock & The Stablecoin Summit—Is the Bull Case Dead?
Key Takeaways Kevin Warsh’s nomination as Federal Reserve Chair has caused a drop in liquidity for riskier assets,…

White House Continues to Negotiate Over Crypto Market Structure Bill
Key Takeaways The White House is pushing for a compromise on the contentious issue of stablecoin yields in…

Billionaire Michael Saylor’s Strategy Acquires $75M More Bitcoin – Is This a Bullish Sign?
Key Takeaways Michael Saylor’s Strategy has expanded its Bitcoin holdings by purchasing an additional 855 BTC for $75.3…

Polymarket Bettors Assign Over 70% Probability of Bitcoin Dropping Below $65K — Are They Correct?
Key Takeaways Polymarket users predict Bitcoin has a 71% chance of falling below $65,000 in 2026, reflecting market…

CFTC Regulatory Shift Could Unlock New Growth for Coinbase Prediction Markets
Key Takeaways Newly appointed CFTC Chair, Michael Selig, aims for a unified federal oversight approach for crypto-linked prediction…

We Hacked Perplexity AI to Predict the Price of XRP, Bitcoin, and Ethereum By the End of 2026
Key Takeaways Perplexity AI predicts XRP may soar to $8 by 2026, fueled by legal victories and supportive…

Current Crypto Price Predictions: An In-Depth Analysis of XRP, Dogecoin, and Shiba Inu
Key Takeaways XRP, Dogecoin, and Shiba Inu are experiencing significant price declines amid geopolitical uncertainties and general market…

Pepe Coin Forecast: Price Appears Dismal, Yet Savvy Investors Rally Behind the Scenes
Key Takeaways Pepe Coin has experienced significant price drops, yet indicators suggest it may soon bottom out, with…

BitMine Reports 4.285M ETH Holdings, Expands Staked Position With Massive Reward Outlook
Key Takeaways BitMine Immersion Technologies has reported significant crypto holdings valued at $10.7 billion. The company’s Ethereum holdings…
Pantera Partner: Predicting the Market is No Longer a 'Betting Game,' But a Core Financial Asset Class
Key Market Intelligence on February 3rd, how much did you miss out on?
From Libya to Iran: The Land of Blackouts, the Land of Uninterrupted Bitcoin Miners
Circle: Not Every Company Can Issue a Stablecoin
Trump Says He Was Unaware of $500M UAE Investment in World Liberty Financial
Key Takeaways: US President Donald Trump denied knowledge of a $500 million UAE investment in World Liberty Financial.…
Crypto Industry and Banks at a Stalemate Over Stablecoin Yield Deal
Key Takeaways The White House has urged a compromise on stablecoin yields to progress Senate crypto legislation. Crypto…