#Gate广场五月交易分享 This round of Bitcoin’s decline is not the result of a single cause, but rather the combined effect of three factors: macroeconomic pressure, industry difficulties, and market sentiment:

· 💸 Macro “tightening spell”: Rate-cut expectations shattered. U.S. inflation remains stubborn (once rebounding to 3%), causing the market to miss expectations for rate cuts in 2026, directly hitting Bitcoin, which is driven by liquidity. Add the policy uncertainty brought by the newly appointed Federal Reserve Chair taking office on May 15, and risk-avoidance sentiment in the market is severe.
· 📉 Industry “internal woes”: Big names go under and selling pressure mounts. Coinbase recorded a net loss of $394 million in the first quarter, while Strategy suffered an even larger loss of more than $12.5 billion. At the same time, data shows that large U.S. whales are actively and heavily selling on Coinbase, and panic sentiment has also triggered a chain of liquidations in the derivatives market.
· 📊 Technical “breakdown”: Key support levels have been lost. The price has fallen below $80k, and even slipped below support from the long-term trendline that has held for 14 years. Compared with the nearly $126k peak in 2025, the current price is down more than 36%, and market activity has dropped to the lowest level in nearly 7 years.

The market is currently caught in a double-whammy situation of “asset impairment + revenue exhaustion.” Although some analysts say that holding around $79k could lead to a rebound, the mainstream view is that, before rate-cut expectations become clear, the correction may continue—and there is even a possibility of falling to $60k.

These people are just too bad.