Simply Bitcoin Why Did Bitcoin Crash Below $80K? | Bitcoin Simply
Feb 2, 2026
Jack Maulers, a Bitcoin-focused commentator and macro analyst, gives a historical and monetary perspective on recent market turmoil. He discusses a $1B liquidation, miner stress, Fed balance sheet changes, shifting power to the Treasury, Tether’s role, and how gold and Bitcoin may fit into a global monetary reordering.
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Crash Signals A Structural Repricing
- Bitcoin's 40% drop reflects a deeper systemic shock, not just headlines or short-term fear.
- Liquidity events like a $1B liquidation and miner stress reveal structural repricing underway.
Watch Fed Balance Sheet Signals
- Monitor policy signals from Fed figures like Kevin Warsh because balance-sheet normalization changes liquidity and asset flows.
- Expect markets to reprioritize as the Fed reduces its balance sheet and signals a different regime.
Power Shift From Fed To Treasury
- Shrinking the Fed's balance sheet shifts power toward the Treasury and fiscal actors.
- That shift changes how markets price growth, rates, and safe assets.