Specifically, in Singapore, the price of Bitcoin at one point fell 3.9% to $81,102/BTC, its lowest level since November 21, 2025. The sell-off accelerated from the evening of January 29, leaving Bitcoin currently worth 34% less than its historical peak set on October 6.
Notably, 12 spot bitcoin ETFs listed in the US have recorded three consecutive months of net outflows. If this trend continues until the end of January 2026, it will be the longest streak of outflows since these products launched in 2024. According to data compiled by Bloomberg, the total value of net outflows during that period amounts to approximately $4.8 billion.
The decline in Bitcoin contrasts sharply with the recent surge in gold and other precious metals, amid rising geopolitical instability that is causing investors to favor traditional safe-haven assets and be more cautious about risky assets like cryptocurrencies.
Notably, if Bitcoin's value is measured against gold, the cryptocurrency has fallen by approximately 60% from its peak recorded at the end of 2024, thus undermining the argument that Bitcoin can act as a hedge against risk similar to gold.
The outflow of capital is also reflected in the products of the giant investment fund BlackRock. The iShares Bitcoin Trust (IBIT) – once considered one of the most successful ETF launches – has now been surpassed in terms of assets under management by BlackRock's own gold ETF.
Some traders warn that bitcoin could face further pressure if the psychological support level of $80,000/BTC is breached, especially given that liquidity is typically thinner over the weekend, potentially amplifying volatility.
Source: https://baotintuc.vn/thi-truong-tien-te/gia-bitcoin-cham-day-cua-hai-thang-20260130120938661.htm
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