CryptoQuant analysts are assessing whether Bitcoin's current price of $67.000 will act as macro support in the face of institutional liquidation and its correlation with technology markets.
Bitcoin's price has fallen to around $67.000 after a weekly drop of 18%. This correction comes amid high volatility, marked by massive liquidations of leveraged positions and a general decline in technology stocks.
Legislative uncertainty in key markets, coupled with a macroeconomic environment where the Federal Reserve maintains a cautious stance, has forced an unprecedented outflow of capital from institutional investment vehicles. Given this current scenario, analysts at the data intelligence firm CryptoQuant have focused on a specific structural metric to determine whether the current downward trend represents a macroeconomic bottom or the beginning of a historic break in the cyclical architecture that has defined cryptocurrency since its inception.
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According to the platform's analysts, Bitcoin's price evolution has followed a structure that has repeated itself with mathematical precision over time. In each cycle, the highs reached in the past have become the new foundation upon which the next stage of the market is built.
From CryptoQuant's data perspective, Bitcoin's highest monthly close in the previous cycle—around $61.000—is considered an essential benchmark for assessing the cryptocurrency's current strength. For years, Bitcoin has not closed below that level once it has surpassed it. they said analysts, making it not only a technical support, but a key piece within the architecture of its cyclical behavior.
Source: CryptoQuant
However, the current market scenario poses a direct challenge to that structure. With Bitcoin trading near the $60.000 mark, the market is in a critical monitoring zone.
According to analysts, if the cryptocurrency's price were to close the month below $61.000, it would mark the first violation of this cyclical structure in the asset's history.
Network data shows that this price level concentrates a significant density of buy orders, but selling pressure exerted by global uncertainty has generated weakness that experts are monitoring minute by minute. The importance of this indicator lies in its ability to act as a barometer of institutional confidence: as long as Bitcoin remains above this historic monthly close, the extended bull cycle thesis remains technically intact for quantitative analysis models.
The reflection of Wall Street in the price of Bitcoin
According to experts, Bitcoin's recent bearish streak is not solely explained by internal factors within the digital ecosystem, but by a profound change in the way institutional capital is moving.
Market flow reports show that spot Bitcoin ETFs in the United States have lost a significant portion of their liquidity. In just three months, between November and January 2026, outflows exceeded $6.500 billion. This constant withdrawal of capital has reduced market depth, making any massive sell-off in derivatives more impactful on the spot price.
Source: Soso Value
Adding to this scenario of lower liquidity is a growing correlation between Bitcoin and traditional stock market indices, specifically the S&P 500. The cryptocurrency's performance has begun to accurately reflect the risk appetite of Wall Street investors.
Despite the rate cuts implemented by the Federal Reserve at its final meetings of 2025, the central bank's communication has been conservative enough to temper optimism. This synchronization with tech stocks implies that Bitcoin is reacting to inflationary pressures and corporate earnings reports with the same sensitivity as a growth company.
For analysts, this maturation of Bitcoin towards a more traditional market behavior complicates its independent recovery, requiring the $67.000 support level to withstand not only crypto pressure, but also the instability of the global economy.
Enter the crypto market today at Bit2MeThe monthly close as a validator of the long-term trend
Given the above, analysts emphasize that the Bitcoin market is going through a decisive phase in which they are closely monitoring the market's ability to absorb the accumulated selling pressure before the end of the month.
According to their assessments, intraday movements could temporarily push Bitcoin's price below $60.000, although the key lies not in these fluctuations, but in the level that consolidates by the end of the month. The cryptocurrency's current price has become a critical equilibrium point which, if maintained, would reinforce the existing technical structure and preserve the underlying trend. However, if this support breaks, experts anticipate a possible profound market reconfiguration that would call into question historical levels of readiness and resistance.
In a context marked by regulatory tensions and macroeconomic adjustments, Bitcoin's resilience within these ranges will be central to determining whether the current cycle is approaching its bottom or if the correction still has ground to cover.
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