Bitcoin Down 11% In A Week: What Is Going On?
Posted On February 2, 2026
Bitcoin’s (CRYPTO: BTC) slide below $80,000 has raised fears of a deeper collapse, but market structure suggests the next leg down may be more compressed than in past cycles.
Why Bitcoin’s Market Structure Is Turning Bearish
Bitcoin has fallen roughly 11% over the past week, prompting debate over whether the move signals a path to historically deep lows or a maturing cycle with smaller drawdowns.
CryptoQuant data shows Bitcoin may be shifting into a structurally bearish regime rather than undergoing a routine correction.
BTC is now trading below the realized cost basis of 12- to 18-month holders, a cohort that reflects medium-term conviction.
That shift has pushed this group into negative unrealized profit and loss. Historically, sustained trading below this …
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