BTC is down more than 30% from its October ATH, and one analyst predicts further losses.
Over the past week or so, the bearish trend in Bitcoin that began in early October has only intensified, with the asset falling to $81,000, its lowest level since December.
Despite reports that whales have re-entered the Bitcoin ecosystem following the largest buying spree in the past two years, one popular analyst believes the cryptocurrency faces further downside risk.
As such, he outlined the goal of a plan to “sell everything” and go all-in on BTC. And, according to Ali Martinez, the target is $45,163, which is the lowest level on his three-day chart on X.
Sell ​​everything for $45,163 and go all-in on Bitcoin $BTC. pic.twitter.com/BvoydtuAgI
— Ali Charts (@alicharts) January 31, 2026
Before that, Martinez outlined the next important support levels for BTC in case the correction continues. The first price goes to about $76,000, then $56,200, and then $53,000 if you succumb to the first two.
The cryptocurrency’s decline over the past week is largely due to heightened geopolitical tensions, this time between Iran and the United States, as Iran’s president ordered a large naval fleet to move closer to the Middle Eastern country.
Additionally, the US Federal Reserve’s suspension of interest rate cuts is also seen as bearish for risk-on assets.
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Wall Street investors who used spot BTC ETFs to gain exposure to the asset have apparently turned away, withdrawing about $1.5 billion over the past week. Thursday was the worst day in a while, with more than $800 million in outflows that day.
Cumulative net inflows fell to $55 billion, down $3 billion from mid-January.
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