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 BlackRock's IBIT led with $317.81 million withdrawn, and multiple issuers saw redemptions as January's tally turned negative despite sizeable cumulative inflows since launch.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.

Bitcoin whales controlling between 1,000 and 10,000 BTC have stepped up accumulation, lifting their combined holdings to roughly 3.204 million BTC and marking the fastest buildup since 2024. In January, their share of trading activity on Binance rose to nearly 0.65, while 30‑day whale balances grew by about 152,000 BTC despite a BTC price drop of over 6% on January 30. Social media sentiment turned sharply negative after Bitcoin slid to below $82,000, a move some analysts link to conditions consistent with market capitulation.

Concerns about quantum computing's ability to undermine Bitcoin's cryptography are shifting from a distant issue to one that now requires active planning. qLabs plans to launch its qONE token with a presale on 5 February 2026 at 2pm UTC, positioning its technology as a quantum-resistant layer for existing blockchains. Analysts estimate that a significant share of Bitcoin could be exposed in the long term, prompting major chains such as Ethereum to roll out dedicated quantum defense initiatives.

On Thursday, Bitcoin fell in sharp stages from $84,400 to the low-$81,000s, triggering roughly $1.7 billion in liquidations. By Friday morning, it was attempting to reclaim $83,000 after hotter-than-expected PPI, while spot Bitcoin ETFs recorded a -$817.8 million net outflow on Jan. 29 and about -$978 million across four sessions.

On Jan. 29, Bitcoin spot ETFs registered their largest single-day outflow of 2026, with $817.87 million withdrawn across funds, according to SosoValue. BTC traded around $84,220 after falling over 4% in 24 hours, while total ETF trading value reached $7.51 billion. Issuer outflows were led by BlackRock at $317.81 million, followed by Fidelity and Grayscale.