Crypto market crashes after Fed chair pick; Bitcoin plunges ~13% as leveraged liquidations hit ~$5B

first published 2026-01-31T18:02:48Z

Bitcoin dropped more than 7% over the weekend in a low‑liquidity cascade that triggered roughly $800 million in liquidations, pushing BTC below $80,000 for the first time since April 2025 and toward the April low near $74,500. BTC has moved under the True Market Mean (~$80.7K), with technical undershoots citing targets around $76,000 and $69,000. Strategy — holder of an aggregate corporate treasury cost basis of $76,037 with over 700,000 BTC — would be in the red versus that cost basis; its stock (MSTR) has fallen about 70% from last year’s highs.

AI Analysis

The article reports a >7% BTC drop in a low‑liquidity cascade that liquidated ~$800M, BTC breaching the True Market Mean (~$80.7K) and moving toward technical targets of ~$76K and ~$69K; Strategy’s corporate BTC cost basis is $76,037 and would be underwater, and MSTR has fallen ~70% — all concrete, market‑moving facts from the summary.

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