Bitcoin (
BTC+1.86%
) has extended its January selloff, slipping to around $77,800 on Monday, as a broad repricing of global liquidity has rippled across crypto, equities, and precious metals, erasing the defensive bid that had supported so-called safe havens earlier in the year.
The latest leg lower has unfolded alongside accelerating institutional withdrawals, analysts said. Global crypto investment products recorded another $1.7 billion in weekly outflows, according to CoinShares, following $1.6 billion in net ETF redemptions over January — one of the worst monthly runs on record.
Bitcoin has now closed four consecutive red months for the first time since 2018, while January marked its weakest start to a year since 2022, per CoinGlass data.