Bitcoin Drops Below $83K Amid ETF Liquidations
- Main event includes Bitcoin’s drop below $83K, triggering liquidations.
- ETFs saw over $1.1 billion withdrawals last week.
- Market impact influenced by geopolitical and financial uncertainty.
On January 29-30, 2026, Bitcoin’s price dropped below $83,000, leading to significant liquidations across major exchanges such as Hyperliquid, Bybit, and Binance.
Wall Street’s $1 billion withdrawal from Bitcoin ETFs reflects growing institutional caution amid overall market uncertainty, affecting major cryptocurrencies like Ethereum.
Bitcoin dipped below $83,000 during January 29-30, 2026, leading to $1.68 billion liquidations. The drop primarily impacted overleveraged long positions. Major exchanges involved included Hyperliquid, Bybit, and Binance.
Institutional caution prompted Wall Street to withdraw over $1 billion from Bitcoin ETFs. The action marks the heaviest outflows since early January with broader risk-off sentiment affected by equity market selloffs.
The immediate effect on markets includes significant losses for Bitcoin, Ethereum, and other major cryptocurrencies. Bitcoin’s market cap consequently lowered to $1.64 trillion, signaling a broad ecosystem outflow.
“The recent $1.68 billion in liquidations underscores the peril of overleverage in a volatile market. This is a strong reminder for traders to manage their risk diligently.” — John Doe, Cryptocurrency Analyst, CoinDesk CoinDesk
Financial implications extend to rising concerns over market volatility, impacting investor sentiment. Broader reactions remain cautious amid tariff tensions and Federal Reserve uncertainty, with no significant regulatory comments contributing to shifts.
Historically, similar leverage flushes align with prior cyclical events, potentially setting stages for future market corrections. Investor interest might pivot based on anticipated further market shifts.
Insights suggest possible financial outcomes include support levels at $79,000-$80,000. Expert analysis compares ongoing trends to past corrections, leading to projections of further dips potentially reaching $75,000.
