Bitcoin has pushed deeper into bear market territory amid its latest sell-off, with the crypto down 37% from its October all-time high.

The price of bitcoin fell about 10% over the past week.

Bitcoin prices dropped to less than $75,000 on Sunday, February 1, reaching their lowest point since April 2025 as multiple variables combined to fuel losses.

Bitcoin is deep in a bear market, down about 37% from its October peak. January 30 marked the 10th largest liquidation event in the token's history.

Bitcoin fell as low as about $74,500 early Monday, dipping below Strategy's average purchase price of $76,052 per token.

Michael Saylor's Strategy has bought 855 BTC for $75.3M raising holdings to 713,502 as bitcoin volatility drags markets this week.

It is one of the largest Bitcoin miners in the world.

The mean closing price of BTC over the past 200 weeks is a widely used long-term momentum indicator and a baseline for the traditional-four year bitcoin cycle. It has marked a market bottom in every previous cycle, and is currently at $57,926.