Bitcoin drops 3% in one hour due to OP_RETURN

[bbc.reporter]

Hehehehe the dump was not because of a disagreement on bitcoin's development. This might be because there are whales that might be beginning to speculate that bitcoin is presently in a bear market and the price might dump lower.

According to this article, bitcoin is on another price consolidation of 60 days which has triggered rallies before. If after this present 60 days, if the price will dump, this will certainly be the warning sign of the bear market.



Bitcoin price consolidation nears 60-day window that's historically triggered rallies

Bitcoin has remained between the November low near $80,000 and the January high around $98,000 for 59 days, and is now approaching the roughly 60-day timespan that marked previous consolidations since the collapse of crypto exchange FTX marked the cycle bottom in 2022.

Take, for example, April 2025 during the market turmoil related to President Donald Trump's tariff policies. Bitcoin bottomed near $76,000 and held between that level and $85,000 for about 52 days before breaking out higher.

Earlier, between December 2023 and mid February 2024, bitcoin ranged just below $40,000 to around $50,000 for roughly 57 days, coinciding with the debut of U.S. spot bitcoin ETFs. This consolidation resolved with a breakout to new highs in March 2024.

Another comparable phase took place from August through October 2023, when bitcoin traded between $25,000 and $30,000 for around 59 days before climbing higher.

Finally, following the FTX collapse that marked the prior cycle bottom, bitcoin consolidated for approximately 62 days around the $15,000 level. That range ended with a breakout in January 2023, signaling the start of the new market cycle.

Read in full https://www.coindesk.com/markets/2026/01/19/bitcoin-price-consolidation-nears-60-day-window-that-s-historically-triggered-rallies

Disagreements between developers greatly affect the value of any cryptoactive, see the case of ZEC for example.

This might be true on zcash, however, what you are implying on bitcoin is not true. Similar to the replies in this thread, you have created a fake news heehheeh. I reckon even if there was no disagreement, bitcoin will still dump because everything in the cryptospace is presently bearish.

I speculate that what might have caused the dump is the indefinite postponement on the discussion of the market structure bill after Coinbase has pulled their support for this because the of clauses being created by the senators that will be advantageous to the big banks in traditional finance and disadvantageous to DeFi and the companies on the cryptospace hehehe.

[JeffBrad12]

It's 100% because trump is threatening to take the greenland and the market response accordingly and tariffs on top of that.
Traders gotta do what traders have been doing since centuries which is trying to speculate on news in the market but most of them don't really know about OP_RETURN.

[Republikcoin.com]

It's 100% because trump is threatening to take the greenland and the market response accordingly and tariffs on top of that.
Traders gotta do what traders have been doing since centuries which is trying to speculate on news in the market but most of them don't really know about OP_RETURN.

It's also understandable that traders don't know about OP_RETURN, as they would usually prefer to bail out any assets they've purchased when such news hits the market. Lately, I've also seen such news frequently posted by local influencers, which has likely gone viral, leading to very different market responses. I hope this doesn't have a negative impact on the market, although I don't expect much bullishness in the coins in the market this year.

[davipinheiro]

This might be true on zcash, however, what you are implying on bitcoin is not true. Similar to the replies in this thread, you have created a fake news heehheeh. I reckon even if there was no disagreement, bitcoin will still dump because everything in the cryptospace is presently bearish.

I speculate that what might have caused the dump is the indefinite postponement on the discussion of the market structure bill after Coinbase has pulled their support for this because the of clauses being created by the senators that will be advantageous to the big banks in traditional finance and disadvantageous to DeFi and the companies on the cryptospace hehehe.

This is not fake news. This topic is for speculation; I could be wrong, but all the evidence points to the contrary.

It's 100% because trump is threatening to take the greenland and the market response accordingly and tariffs on top of that.
Traders gotta do what traders have been doing since centuries which is trying to speculate on news in the market but most of them don't really know about OP_RETURN.

It's also understandable that traders don't know about OP_RETURN, as they would usually prefer to bail out any assets they've purchased when such news hits the market. Lately, I've also seen such news frequently posted by local influencers, which has likely gone viral, leading to very different market responses. I hope this doesn't have a negative impact on the market, although I don't expect much bullishness in the coins in the market this year.

You're analyzing the crypto market as if it were the stock market. Logically, traders are reacting based on the news. This doesn't mean that long-time holders are no jumping ship because of OP_RETURN; just check the blockchain to see that. Facts speak for themselves. You can even say it's profit-taking and that the timing is mere coincidence. Everyone believes what they want.