Strykr Analysis
BearishStrykr Pulse 35/100. Massive liquidation and infrastructure disruptions weigh heavily. Threat Level 5/5. High systemic risk in crypto.
Bitcoin’s weekend meltdown wiped out $200 billion across crypto markets, dragging prices below critical long-term support at $76,000. The carnage wasn’t just a minor pullback—it was a liquidity-driven reset with $BTC hitting a nine-month low. Algos and forced liquidations combined to erase $2.6 billion in trader positions, sending shockwaves through altcoins and tokens like XRP, which despite ledger activity hitting new records, is caught in the turmoil.
The real story is that external factors compounded the selloff. Severe US winter storms knocked out mining power, causing a 12% drop in Bitcoin’s hashrate, further undermining confidence. Veteran trader Peter Brandt’s call for a drop to $58,000 signals this correction is far from over. The Strykr Pulse 35/100 flags a bearish crypto environment with elevated risk.
Strykr Take
Stay defensive. Avoid chasing bottoms until $BTC reclaims $80,000 with volume. Watch for potential relief rallies but prepare for volatility spikes. Altcoins remain vulnerable.
Sources (5)
Prediction Markets Are the Hot New Thing, but Will They Be a Good Long-Term Investment?
Prediction market contracts enable investors to predict the future price of a specific cryptocurrency or the outcome of a specific cryptocurrency even
Bitcoin tests long-term cost support at $76K – Market bottom?
Bitcoin's weekend dip breaches the $76K Cost Basis, exposing a liquidity-driven market reset.
Here's Why Bitcoin And The Crypto Market Are Crashing This Weekend — Details
Bitcoin and the general cryptocurrency market have continued their struggles, as prices took a nosedive this weekend. On Friday, January 31, it seemed
Brandt Calls $58K Next Stop for BTC
Veteran proprietary trader Peter Brandt has warned Bitcoin bulls that the cryptocurrency's current correction is far from over.
$200 Billion Gone From Crypto Markets as BTC, ETH, XRP Tanked on Saturday: Weekend Watch
HASH and WLFI are among the poorest performers, while HYPE is actually in the green daily.