{"id":6266,"date":"2026-02-02T15:11:50","date_gmt":"2026-02-02T15:11:50","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6266"},"modified":"2026-02-02T15:11:50","modified_gmt":"2026-02-02T15:11:50","slug":"groundhog-day-for-bitcoin-means-six-more-weeks-of-macro-winter-if-core-flows-stay-deep-red","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6266","title":{"rendered":"Groundhog Day for Bitcoin means six more weeks of macro winter if core flows stay deep red"},"content":{"rendered":"

<\/p>\n

\n

Groundhog Day for Bitcoin: six more weeks of macro winter?<\/h2>\n

Bitcoin got its own Groundhog Day moment today as Punxsutawney Phil \u201csaw his shadow\u201d on the 140th Anniversary of the celebration and signaled six more weeks of winter, just after BTC slid to $74,000 in a sharp risk-off move.<\/p>\n

The coincidence was fitting: a cocktail of forced liquidations, ETF outflows, and rising real yields suggested crypto could be facing an extended stretch of macro chill and elevated volatility heading into the March FOMC.<\/p>\n

\"Bitcoin
Satirical Bitcoin Groundhog Day announcement framed with verified Bitcoin metrics<\/figcaption><\/figure>\n
\n
\"Bitcoin\"Bitcoin<\/div>\n
Related Reading<\/span><\/p>\n

Bitcoin price today starts to rally after 11% weekend dump as global markets open with bullish intent<\/h3>\n

Bitcoin slides toward a 9 month low as massive ETF outflows and a hawkish Fed trap weekend dip buyers.<\/p>\n

Feb 2, 2026<\/span> \u00b7<\/span> Liam ‘Akiba’ Wright<\/span><\/p>\n<\/div><\/div>\n

As of press time, Bitcoin has rebounded slightly to around $77,500 as a selloff in cross-asset risk met crypto\u2019s 24\/7 market structure.<\/p>\n

Total crypto liquidations broke above $2 billion over the weekend, with over $800 million in the last 24 hours alone.<\/p>\n

The durable takeaway for the next several weeks is that Bitcoin continues to behave like levered risk exposure when the discount rate and the dollar reprice quickly.<\/p>\n

The episode is another stress test for the \u201cdigital gold\u201d narrative. That is especially true when gold holds up better during risk-off stretches, and Bitcoin trades more in line with long-duration risk.<\/p>\n

\n
\"Bitcoin\"Bitcoin<\/div>\n
Related Reading<\/span><\/p>\n

Bitcoin just failed its biggest \u2018digital gold’ test, and the reason why should have every investor deeply worried<\/h3>\n

Despite prominent sell-off, long-term projections hold firm with Bitcoin forecasted to reach $185,500 before the end of the quarter.<\/p>\n

Jan 19, 2026<\/span> \u00b7<\/span> Oluwapelumi Adejumo<\/span><\/p>\n<\/div><\/div>\n

ETF flows and liquidation dynamics<\/h2>\n

Flows have been the clean, daily read-through on marginal demand.<\/p>\n

Farside Investors\u2019 ETF totals show repeated large net outflows into late January, including several sessions that removed hundreds of millions of dollars of spot demand in a single day.<\/p>\n

That matters because when ETFs are redeeming, dips do not have the same mechanical bid. Any liquidation cascade can also travel further in thinner order books.<\/p>\n\n\n\n\n\n\n\n\n
Date (2026)<\/th>\nUS spot BTC ETF total net flow (US$m)<\/th>\n<\/tr>\n<\/thead>\n
Jan. 16<\/td>\n-394.7<\/td>\n<\/tr>\n
Jan. 21<\/td>\n-708.7<\/td>\n<\/tr>\n
Jan. 29<\/td>\n-817.8<\/td>\n<\/tr>\n
Jan. 30<\/td>\n-509.7<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Macro anchors were also moving against duration-sensitive assets into that window.<\/p>\n

Trading Economics put the U.S. 10-year nominal yield around 4.24\u20134.26% at the Jan. 30 close. StreetStats showed the 10-year TIPS real yield around 1.93% at the same reference point.<\/p>\n

\n
\"BC\"BC <\/div>\n<\/div>\n

In practice, that real-yield level tends to raise the hurdle rate for assets priced on future adoption or liquidity conditions. It also tightens the range for speculative leverage to persist without periodic resets.<\/p>\n\n\n\n\n\n\n
Macro reference (Jan. 30 close)<\/th>\nLevel<\/th>\n<\/tr>\n<\/thead>\n
U.S. 10-year nominal yield<\/td>\n~4.24\u20134.26%<\/td>\n<\/tr>\n
U.S. 10-year real yield (TIPS)<\/td>\n~1.93%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Policy-regime uncertainty has been part of the repricing narrative.<\/p>\n

\n
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Headlines around Kevin Warsh and Federal Reserve leadership, feed into a higher risk premium across markets tied to perceptions of Fed independence and the inflation path.<\/p>\n

Crypto tends to express that uncertainty with more force because leverage is easier to apply. Liquidity also thins outside U.S. hours, and liquidations are automatic once collateral thresholds are hit.<\/p>\n

That is why liquidations should be treated as the transmission mechanism rather than the root cause.<\/p>\n

Macro repricing sets the direction. Price then falls into thinner liquidity, liquidations add supply, and the move extends.<\/p>\n

\n
\"Federal\"Federal<\/div>\n
Related Reading<\/span><\/p>\n

Federal Reserve to abandon \u2018boring’ FOMC language, ending dovish vs hawkish analysis?<\/h3>\n

We\u2019re about to see what happens when the Federal Reserve swaps boring conservatism for Trump era populist messaging.<\/p>\n

Feb 1, 2026<\/span> \u00b7<\/span> Liam ‘Akiba’ Wright<\/span><\/p>\n<\/div><\/div>\n

What to watch into the March FOMC<\/h2>\n

For the \u201csix more weeks\u201d framing, the most actionable checklist is whether the marginal bid returns before the next major policy waypoint.<\/p>\n

In a 2- to 6-week window:<\/p>\n

    \n
  1. Sustained ETF inflows would be the clearest mechanical shift. That means not a single green day, but a run that offsets the late-January pace of redemptions.<\/li>\n
  2. Whether real yields drift lower from the ~2% area, which would reduce discount-rate pressure on risk assets.<\/li>\n
  3. Whether implied volatility mean-reverts after the flush. Deribit\u2019s DVOL index moved from roughly 37 to above 44 during the selloff week. A DVOL level a bit above 44 maps to an approximate 30-day expected move near \u00b113% using a common rule of thumb (annualized volatility divided by the square root of 12).<\/li>\n<\/ol>\n
    \n
    \"Bitcoin\"Bitcoin<\/div>\n
    Related Reading<\/span><\/p>\n

    Bitcoin price today starts to rally after 11% weekend dump as global markets open with bullish intent<\/h3>\n

    Bitcoin slides toward a 9 month low as massive ETF outflows and a hawkish Fed trap weekend dip buyers.<\/p>\n

    Feb 2, 2026<\/span> \u00b7<\/span> Liam ‘Akiba’ Wright<\/span><\/p>\n<\/div><\/div>\n

    That leaves room for an additional two-way price travel even if headlines cool. Two paths follow from the same set of gauges.<\/p>\n

      \n
    • If ETF totals remain net negative across multiple sessions and real yields stay near recent levels, Bitcoin can keep trading as levered risk beta into March. Rallies could be capped by redemption-led supply and lingering hedging demand in options.<\/li>\n
    • If ETF flows stabilize and macro stops tightening at the margin, the post-liquidation reset can reduce forced-selling risk. That would allow spot demand to set the tape again rather than cascades setting the pace.<\/li>\n<\/ul>\n

      The calendar provides a clean endpoint for the Groundhog Day metaphor. The next Federal Open Market Committee meeting is scheduled for March 17\u201318, 2026.<\/p>\n

      \n
      \n
      \n
      Mentioned in this article<\/span><\/header>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

      Analysis,Culture,ETF,Featured,Market#Groundhog #Day #Bitcoin #means #weeks #macro #winter #core #flows #stay #deep #red1770045110<\/p>\n","protected":false},"excerpt":{"rendered":"

      Groundhog Day for Bitcoin: six more weeks of macro winter? Bitcoin got its own Groundhog Day moment today as Punxsutawney Phil \u201csaw his shadow\u201d on the 140th Anniversary of the celebration and signaled six more weeks of winter, just after BTC slid to $74,000 in a sharp risk-off move. The coincidence was fitting: a cocktail<\/p>\n","protected":false},"author":1,"featured_media":6267,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[91,1362,338,2107,817,2104,697,2105,2007,2106,1049,113],"class_list":{"0":"post-6266","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum","8":"tag-bitcoin","9":"tag-core","10":"tag-day","11":"tag-deep","12":"tag-flows","13":"tag-groundhog","14":"tag-macro","15":"tag-means","16":"tag-red","17":"tag-stay","18":"tag-weeks","19":"tag-winter"},"yoast_head":"\nGroundhog Day for Bitcoin means six more weeks of macro winter if core flows stay deep red - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"With automatic liquidation thresholds being hit globally, the market is facing a brutal stress test that most retail traders will lose.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=6266\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Groundhog Day for Bitcoin means six more weeks of macro winter if core flows stay deep red\" \/>\n<meta property=\"og:description\" content=\"With automatic liquidation thresholds being hit globally, the market is facing a brutal stress test that most retail traders will lose.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=6266\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-02T15:11:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/groundhog-bitcoin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=6266\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=6266\",\"name\":\"Groundhog Day for Bitcoin means six more weeks of macro winter if core flows stay deep red - 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