#BTC触底66000 On June 3rd, the cryptocurrency market experienced a heavy crash. Bitcoin fell below $67k, and Ethereum along with mainstream altcoins dropped over 6% to 10% simultaneously. Leveraged long positions were devastated, with nearly 280k liquidations in a single day, totaling close to $1.8 billion.

This round of sharp decline may have been triggered by the resonance of three core factors:

Escalation of geopolitical conflicts: Deterioration of US-Iran relations and the US confiscating Iranian crypto assets shattered the narrative of "digital gold" as a safe haven, triggering panic capital flight.

Tightening macro liquidity: Strong US employment data reinforced expectations that the Federal Reserve will restart interest rate hikes within the year, removing liquidity support for high-risk assets.

Institutional confidence wavered: Leading institutional holders of Bitcoin, Strategy, unusually sold off their holdings, combined with continuous net outflows of about $3.5 billion from spot ETFs over 11 consecutive trading days, leading to a lack of buying support. Currently, Bitcoin has retraced nearly half from its all-time high. Until leverage risks are fully cleared and macro uncertainties are resolved, the market is likely to remain highly volatile at low levels in the short term. $BTC $HYPE $SOL ‌ ‌ ‌