Bitcoin plunged to a nine-month low of around **$77,000–$76,000** on February 1, 2026—its deepest drop since April 2025—breaching the critical **$80,500** True Market Mean for the first time in over 30 months and triggering a ferocious **$2.5–$2.6 billion** liquidation cascade (mostly long positions, with ~$2.4B in longs wiped out), as exhausted buyer liquidity, flatlined realized cap, thin weekend trading, and macro/geopolitical pressures fueled a violent deleveraging event; with short-term holder cost basis at **$95,400** and active investor mean near **$87,300**, the market now grapples with massive unrealized losses and signals a potential shift to mid-term bear consolidation until fresh capital or a new floor emerges.#BTC $BTC @Binance Square Official