On Jan. 30, 2026, analyst Liam 'Akiba' Wright updated his medium-term Bitcoin bear thesis calling for a potential move toward $49,000, noting that key network and flow metrics look more stressed than when he first outlined it in November. While Bitcoin trades in the low $80,000s, he points to extremely weak fee contribution to miner revenue, negative year-to-date ETF flows exceeding $1 billion, and miners pivoting into AI and HPC hosting as signs of underlying fragility. Wright argues that these structural pressures are building tension beneath the price and could act as a liquidity magnet if Bitcoin eventually drops into the high-$40,000 zone.

On January 30, 2026, CryptoQuant reported that short-term Bitcoin holders moved about 35,100 BTC to exchanges within 24 hours while sitting on unrealized losses. The firm noted this inflow often reflects market stress and near-term sell pressure, though a transfer does not necessarily mean the coins were immediately sold.

In late January 2026, silver and Bitcoin have moved in sharply different directions, with silver briefly topping $121 per ounce before retreating and Bitcoin sliding toward $82,800. Silver remains up about 25% over the past month and more than 200% over the past year amid falling COMEX inventories and industrial demand, while Bitcoin trades over 34% below its October peak above $126,000 as tighter Federal Reserve expectations and broader risk-off sentiment pressure crypto markets.

On January 30, 2026, Anthony Scaramucci urged Bitcoin holders to "get ready" after BTC gained more than 10% against gold earlier that day. Gold fell to an intraday low of $4,683 and silver dropped over 30% in a single day, while Scaramucci has previously said he would like Bitcoin to reach $150,000.

On January 30, 2026, Bitcoin fell to the eleventh-largest global asset by market capitalization, valued at $1.642 trillion. On-chain data indicated the total crypto market cap slid from about $3.1 trillion on Wednesday to around $2.9 trillion on Thursday, a 6% 24-hour drop amid a broader tech-led risk-off move.

Bitcoin long‑term holders moved more than 370,000 BTC on‑chain over the past 30 days, far exceeding what net position change alone suggests. Average LTH outflows topped 12,000 BTC per day, while net LTH supply declined by about 144,000 BTC as roughly 226,000 BTC matured from short‑term to long‑term status.

On January 29, U.S. spot Bitcoin ETFs logged $817.87 million in net outflows, according to Sosovalue, while BTC fell to $81,200, its weakest level in nine months. BlackRock's IBIT led with $317.81 million withdrawn, and multiple issuers saw redemptions as January's tally turned negative despite sizeable cumulative inflows since launch.

Bitcoin traded near $82,500 as U.S. spot Bitcoin ETFs saw $1.875 billion in net outflows over eight sessions, including a $708.7 million single-day withdrawal on January 21, per SoSoValue. The Fed kept rates at 3.50%–3.75%, and BTC's loss of $84,500–$85,000 shifts focus to $82,000 and $80,500 supports, with $88,900 and $94,000 as nearby resistance.