Bitcoin plummets to two-month low amid massive capital outflow from US ETFs

The cryptocurrency market experienced a sharp decline on Friday, January 30, when the price of Bitcoin fell to $83,383 – its lowest level since November last year. The main reason for the collapse was a record outflow of institutional investors from American spot Bitcoin funds (ETFs), which lost more than $1.1 billion over the past week. This is reported by Bloomberg, writes UNN.

DetailsBitcoin’s fall occurred against the backdrop of a global shift in sentiment in financial markets, where investors began to withdraw funds from risky assets in favor of safe-haven instruments. A significant portion of capital moved into precious metals: while BTC was losing value, gold updated its historical maximum, exceeding $5,600 per ounce. Bloomberg analysts note that the massive sale of shares in BlackRock’s IBIT and Fidelity’s FBTC funds indicates a deep re-evaluation of risks by major players.

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In addition to the outflow from ETFs, the price was pressured by uncertainty regarding the Fed’s future policy and geopolitical tensions surrounding new US trade tariffs.

Technical picture and analysts’ forecastsFrom a technical point of view, Bitcoin broke through a critical support line around $85,000, which opened the way for further decline. Currently, traders are closely watching the $79,000 – $80,000 zone, which was the low during the correction in October 2025. If the asset fails to hold these levels, the next target could be $74,000.

Despite the current pessimism, some experts view this decline as a “cleansing” of the market from excessive speculative positions. However, for the upward trend to resume, stabilization of flows into spot ETFs and a return of confidence from institutional holders, who are currently taking a wait-and-see approach, are necessary. 

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