NewTimeSpace News, February 5, 2026–In early morning trading, Bitcoin continued its downward trend, falling below $72,000 per coin to hit a new low in the current bear market. Ethereum dropped below $2,100 per coin, and Samsung Blockchain Technologies ETF (03171.HK) fell nearly 6% in the morning session.

On the news front, Bitcoin prices have continued to weaken recently. On Wednesday, in late New York trading, Bitcoin briefly fell to $71,739, marking the first time in approximately 15 months that it has broken below the $72,000 level. Compared to its peak in October last year, Bitcoin has cumulatively retraced more than 42%, with a year-to-date decline of approximately 17%, sliding to its lowest level since November 6, 2024.

Contract trading on the decentralized prediction platform Polymarket reflects a clearly bearish investor sentiment. Data from the platform shows that the market currently implies an 82% probability of Bitcoin falling to $65,000 this year, a level still approximately 13% below the current price.

Samsung Blockchain Technologies ETF (03171.HK) covers blockchain-related enterprises globally. As Asia's first blockchain-themed ETF, it provides investors with a professional investment tool to participate in the development of global blockchain technology. Through active management strategies, it selects high-quality blockchain-related enterprises to capture industry development opportunities.

Michael Novogratz, CEO of cryptocurrency fund management company Galaxy Digital, stated during an earnings call that historically, the market held a "near-religious belief" in holding Bitcoin "no matter what." "But somehow, that belief or fervor has faded, and the market has started to see selling," he said.

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