$1.6 billion evaporated! 250k people liquidated collectively, who is the mastermind behind this round of decline?

If last night's market had background music, it would probably be "Cold and Dying."
After Bitcoin fell below $66,000, the entire market seemed to enter a "mass escape" mode.
250k people liquidated.
$1.6 billion disappeared.
Many people were researching a $100,000 target price just a second ago, and the next second they were already thinking about how to quit watching the market.
Many like to look for the "culprit."
Some blame the continuous outflow of ETFs.
Some blame Strategy for reducing holdings.
Others point fingers at the Federal Reserve.
But the market is sometimes like the weather.
Rain isn't caused by a single cloud.
It's the effort of many clouds working together.
Three major negative factors stacking up just ignited the long-standing market sentiment.
What truly caused the crash was actually leverage.
When prices rise, leverage acts like an amplifier.
When prices fall, leverage becomes an accelerator.
And then a stampede occurs.
Panic spreads.
Then a familiar scene unfolds:
More and more people are bearish.
And opportunities often quietly emerge at this time.
After all, the best buying points in history never come with applause.
They only come with suspicion.
So here’s the question.
If BTC drops another 5%, will you add to your position, stay on the sidelines, or turn off the software pretending nothing happened? #BTC触底66000