BT

Bitcoin

BTC 24 Hour Move
-2.20%
$88,923.00 → $86,963.00

Why Bitcoin is down 2.2% today

Analysis

Bitcoin fell 2.2% over the past 24 hours as signs of weakening demand and liquidity pressured risk assets. U.Today reported a sharp drop in Bitcoin ETF flows (down ~40%) alongside warnings of the biggest miner capitulation since 2021, both of which can weigh on sentiment and near-term selling pressure.

Contributing Factors (3)

#1
U.Today ETF Flows 3 weeks ago

-40% for Bitcoin (BTC): Biggest Miner Capitulation Since 2021 Warning Hits Cryptocurrency Market

Bitcoin's hashrate collapses 40%, marking the biggest miner capitulation since 2021. Read how energy value plunges as experts debate power prices, storm impact and BTC mining stress.

Confidence
91%
Read source
#2
CoinDesk ETF Flows 3 weeks ago

Top stablecoins shrink as crypto cash flees, posing risk to bitcoin's bounce

USDC leads the decline in the market cap of top stablecoins, posing risk to crypto market valuations.

Confidence
83%
Read source
#3
CoinDesk 3 weeks ago

Bitcoin's no gold, and it's falling short for payments, too

Your day-ahead look for Jan. 29, 2026

Confidence
82%
Read source

Move Details

Asset Bitcoin
Symbol BTC
Direction ↓ Bearish
Timeframe 24 Hours
Start Price $88,923.00
End Price $86,963.00
Change -2.20%
Detected Jan 29, 2026 3:00 PM

Explanation Confidence

87%

High confidence in the explanation based on source reliability and timing.