- Selling pressure on Bitcoin due to reduced capital inflows and profit realization.
- Flattened Realized Cap reflects absent new investments.
- Supportive capital at $100K dwindles, leading to caution in the market.
CryptoQuant CEO Ki Young Ju highlighted on X that Bitcoin’s recent decline stems from ongoing selling pressure and a lack of new capital entering the market.
The absence of new capital and selling pressure from early Bitcoin holders affects market dynamics, causing fluctuations rather than a clear bull or bear cycle.
Bitcoin Faces Price Pressures from Capital Outflow
The weakness in capital that once supported Bitcoin at approximately the $100,000 mark has contributed to its non-bull market structure. Ju also mentioned Strategy, a significant buyer of Bitcoin, as a past driver of price increases, but highlighted that reduced holdings might limit market resilience. The market is also seeing a wide array of oscillation patterns, rather than deep bear-related retracements.
Market observers reacted to Ju’s insights, sharing a similar bearish sentiment. On the X platform, discussions emphasized the impact of the analyzed factors on Bitcoin’s ongoing price challenges.
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Analysts Weigh Historical Patterns Against Current Trends
Did you know? Bitcoin’s price oscillation pattern in 2026 mirrors past market conditions when weak capital support led to similar non-bull phases before major bull runs.
As of February 1, 2026, Bitcoin (BTC) trades at $78,383.30, with a market cap of $1.57 trillion and a declining 24-hour volume of $74.85 billion. CoinMarketCap data indicates declines over various timeframes, notably a 27.04% drop over 90 days, highlighting a concerning trend for investors.
Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 11:09 UTC on February 1, 2026. Source: CoinMarketCap
Ki Young Ju, CEO of CryptoQuant, stated, “Bitcoin bull cycle is over, expecting 6–12 months of bearish or sideways price action,” citing on-chain models, drying liquidity, and 365-day MA cycle top.
The Coincu research team notes that Bitcoin’s current oscillation instead of a deep retracement might signal a volatile year ahead. Historical data suggests retail mania, a typical end-of-bull-cycle marker, is absent, possibly indicating further consolidation before potential upward swings.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/markets/bitcoin-selling-pressure-capital-inflow/
