Recently released legal files show that Jeffrey Epstein followed Bitcoin from its early price swings, discussed funding key infrastructure, and cultivated ties with major industry figures. The documents describe his role in Blockstream's initial financing, his 2016 proposal for a blockchain-based "Sharia Coin" to wealthy Saudi contacts, and his continued skepticism about buying Bitcoin even near its 2017 peak.

Galaxy Digital’s Head of Research Alex Thorn warns that Bitcoin’s lack of strong onchain ownership between $70,000 and $80,000 leaves price vulnerable to a deeper slide from its October 6, 2025 all-time high of $126,298. He argues that historic drawdowns from record levels often extend to 50%, implying potential downside toward $63,000 and possible tests of key support levels near the 200-week moving average and realized price.

Bitcoin recently fell sharply toward the $74K demand zone and is now showing signs of short-term consolidation. Price action suggests a possible corrective rebound toward the $83K–$90K region, followed by another pullback into internal supply zones. Liquidity clusters near $70K indicate that a deeper sweep remains possible if BTC fails to reclaim higher levels.

Bitcoin is trading slightly above $78,000 after an 11% weekly decline, with daily volume around $52 billion amid elevated volatility. Social and on-chain metrics show extreme fear, mounting losses for short-term holders, and a market still searching for a durable bottom while long-term investors remain largely unaffected.

U.S. spot Bitcoin ETFs posted $562 million in net inflows on February 2 after a run of redemptions, taking cumulative net inflows to $55.57 billion. Total ETF net assets stood at $100.38 billion, and daily trading value climbed to $7.68 billion as demand concentrated in the largest vehicles, led by funds from BlackRock and Fidelity.

Bitcoin's downturn traces back to Oct. 10, 2025, when a derivatives washout forced roughly $19 billion in futures liquidations as prices fell. CryptoQuant contributor Darkfost says open interest collapsed by about 70,000 BTC that day, resetting months of leverage and leaving speculation subdued amid weaker spot volumes and declining stablecoin liquidity.

On February 3, on-chain analyst Ali Martinez said a bearish Bitcoin pattern has resurfaced after BTC rebounded 5.64% from a February 2 low near $74,000 to $78,173. He highlighted the 100-week SMA at $87,500 and described the 200-week SMA at $57,600, projecting a move toward $50,000–$56,000 by March or April, citing past 55%, 47%, and 58% declines.

Analysts offered conflicting views on Bitcoin after the latest ISM Manufacturing PMI moved back above 50 for the first time since 2022. Andre Dragosch framed the backdrop as "reflation" and supportive for BTC, while Michaël van de Poppe and Titan of Crypto cautioned that current cycle dynamics and a possible bearish divergence could temper upside.