Bloomberg: Bitcoin falls below $80,000, exacerbating confidence crisis.

Bitcoin briefly fell below $76,000 in thin weekend trading, a pullback of about 40% from its 2025 high, marking its longest monthly losing streak since 2018. Market analysts point out that this decline was not triggered by panic selling or systemic risk, but rather by a combination of disappearing buying pressure, shrinking liquidity, and weakening confidence. Data shows that Bitcoin has been slow to react to geopolitical tensions, a weaker dollar, and rebounds in risk assets, and the recent sharp fluctuations in precious metals have not brought about a rotation of funds. Spot ETFs continue to see net outflows, institutional buying has cooled significantly, and market depth remains more than 30% lower than its October high last year. Analysts generally believe that the correction cycle is not yet over. Kaiko predicts that Bitcoin may need another 6 to 9 months to see a substantial recovery; some institutions also warn that Bitcoin may struggle to reach new highs within the next 1,000 days. Overall, price, correlation, and market sentiment are all under pressure simultaneously. (Bloomberg)