Bitcoin wiped out more than $9,000 in weekend liquidity trap, but Monday’s recovery has one thing missing
By the time it started to light up on my desk in London this morning, Bitcoin was already soaring in after-hours trading.
Last weekend, BTC fell sharply amid thin liquidity as most of the world was without electricity or paying half attention between running errands and late-night scrolling.
In one line, this chart tells the story of Friday’s steady decline that turned into a sharp weekend flush, followed by a slight rebound as global markets came back online.
Bitcoin debuted on Friday $84,274.
By Sunday evening, it had hit its lowest price of the weekend. $74,712autumn $9,562almost 11.6% From the starting point on Friday.
It’s something crypto traders are familiar with.
On the weekends, the market feels like a quiet street, so a single order can cause more price fluctuations than during the week.
Order books are thinner, fewer large players are actively managing their exposure, and moves that might have been absorbed during the week could turn into air pockets.
Stops are cut, leverage is washed away, and social feeds are filled with the same two emotions: disbelief and certainty.
Then, when Monday comes, the atmosphere changes.
Bitcoin is back as European time begins $77,645 woke up this morning $2,933about 3.6%from weekend lows.
Bitcoin had a pulse.

A rebound after such a rapid decline appears to be the market checking to see if there are still buyers left. So far, there is.
(Updated at 4:00 p.m. GMT: Bitcoin continues its rally to close the CME gap created over the weekend, reaching an intraday high of $79,200.)
Global markets question the value of risk
When I zoomed out, the background became dirty.
Traditional markets are volatile due to a mix of interest rate expectations, commodity price volatility, and new political uncertainty.
Over the past day, mainstream financial conversation has been dominated by the fallout from President Trump’s nomination of Warsh to be the next Fed chairman.
This headline echoed the familiar reflex that future prices are tougher, the dollar is stronger, and everything else is fragile.
The same theme has emerged in broader coverage of the nomination and its ripple effects across risk assets.
The move is part of a slide in cryptocurrencies related to concerns about the Fed becoming more hawkish, and the dollar has also strengthened accordingly. That matters to Bitcoin, even if cryptocurrencies like to pretend it isn’t.
As macro traders start reaching for the dollar and mitigating risk, Bitcoin is often treated like the most liquid “sell-now” asset on the market.
That momentum is likely to be amplified during the weekend hours when there is least resistance.
From early Friday morning until Monday morning, Dollar Index (DXY) Slightly higher, rising approx. 0.66% From approx. 96.44 to 97.08this tends to go hand in hand with defensive traders.
Through the same window S&P500 futures about low 0.73%slides from approximately 6,978 to 6,927and the low came late Sunday, just near the same part of the chart where Bitcoin’s weekend pain peaked.
The product is the other side of the overlay and does not yet show comfort. oil is down about 5.04% From Friday, approximately 65.35 to 62.06and both gold and silver Has been hit harder and gold has fallen by approx. 13.18% From approx. 5,426 to 4,711silver is off about 30.61% From approx. 117.79 to 81.73.
Silver and gold rebounded slightly from their late Sunday lows, gaining about ca. 7% and 5% Although the bottom has been broken, oil prices remained heavy on Monday, with ES futures still locked near the lows. Therefore, the wide tape on the chart still appears to be supporting rather than chasing.
Geopolitical pressures and ETF flows
Still, the human story here is simpler than the macro jargon. The weekend came, my phone rang, and the prices dropped again. Maybe you have seen this movie too.
Even after you swear you’re done with leverage, you might still check your funding rate anyway.
More than $800 million in crypto liquidations took place in the last 24 hours alone.
You are moving collateral by telling yourself that you are just looking. And you’re watching the candlestick drop lower and lower, trying to decide whether to act or wait until Monday.
There is a way to force that decision on Monday as fluidity returns and the narrative becomes clearer.
This time, the first test is easy.
Bitcoin has already rebounded from its weekend lows and it worked out well as actual trading volumes and actual participants have started to return this week. If the rebound is sustained, the market could begin to build a case that the weekend fire sale was a typical low-liquidity shakeout.
Although it looks dramatic on the chart, it quietly resets the position for the next leg. If that doesn’t happen, the weekend lows will remain in place.
There is also a risk that the market will repeat the same pattern. In other words, a flush occurs during thin hours, followed by another wave of selling when weekday liquidity returns.
Flow is also behind it as a weight that slowly changes sentiment.
According to data tracked by Farside, the U.S. Spot Bitcoin ETF experienced net outflows from January 16th to January 30th, followed by just one day of net inflows on January 26th. $3.2 billion Leaving funds behind.
This is the worst outflow streak since March 2025, creating sustained directional selling pressure that typically signals a bearish outlook. This reflects a change in positioning towards risk-off and requires traders to reprice liquidity and support levels in real time.
The bigger picture is that the world feels more confrontational and more fragile than it did a few years ago.
The market prices it in, sometimes all at once.
The WEF lists “geo-economic conflicts” and interstate conflict near the top of its list of risks for 2026.
You can feel the tension every time a political headline is reported and everything moves together. It would take a quiet week, especially for US President Donald Trump, for any rally to be sustained.
But for now, the story of Bitcoin Monday is all about the weekend fire sale that took away the price. $84,274 to $74,712. Then a small and stubborn rebound occurs, $77,645 So much for the start of the week.
Traders, investors, and anyone who has stayed up late staring at candles are asking the same questions they always have at times like this.
Was it a shakeout or the real beginning of a cyclical bearish drawdown?
At the time of press February 2, 2026 4:03 PM UTCBitcoin ranks first in terms of market capitalization, and the price is above 1.48% Over the past 24 hours. Bitcoin market capitalization is $1.57 trillion The trading volume for 24 hours is $78.67 billion. Learn more about Bitcoin ›
At the time of press February 2, 2026 4:03 PM UTCthe value of the entire cryptocurrency market is $2.66 trillion in 24 hour volume $200.41 billion. Bitcoin’s dominant status is currently 59.29%. Learn more about the cryptocurrency market ›
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