According to market analysis, Bitcoin's price has fallen to $67,000, with a decline of nearly 23% since the beginning of the year. Meanwhile, on-chain data shows that buyers who purchased large amounts of Bitcoin in the first quarter have been selling for several consecutive months, with their share in Bitcoin supply dropping sharply from 14.67% to 8.19%. Additionally, concerns about inflation and uncertainty regarding the potential new Federal Reserve Chair Kevin Warsh have significantly reduced market expectations for a Fed rate cut. The probability of a rate cut in June is only 11%. Technical selling and the potential tightening of policies have created significant resistance for the cryptocurrency market.