#BTC触底66000 Price: Dropped to around $65k - $67k, close to half of the all-time high ($126k).

Sentiment: The market is in a state of "extreme fear," with nearly 280k liquidations in a single day, resulting in heavy losses.

** Four core reasons for the sharp decline **

Institutional retreat: Rare large-scale sell-off by long-term "buy-and-hold" institutions, and US Bitcoin spot ETF funds have been flowing out for 11 consecutive days.

Poor macro environment: Strong US employment data, the Federal Reserve may restart interest rate hikes, leading to capital withdrawal from high-risk crypto assets.

Geopolitical tensions: Tensions between the US and Iran, Bitcoin did not serve as a safe haven but was instead sold off as a risk asset.

Leverage liquidations: After falling below the $70k key level, a large number of long positions were liquidated, triggering a chain reaction of sell-offs.

** How will the market move next? **

Short-term bearish / sideways: The market is "searching for a bottom," and is likely to experience intense volatility at low levels.

Key levels:

Support below: Focus on whether $65k can hold; if it breaks, the price may further decline to $60k or even lower.

Resistance above: Must regain above $70k for market sentiment to truly recover. $BTC