#BTC触底66000

Faith Collapse! Bitcoin Deep Correction, The Halo of Digital Gold Completely Fades

On June 3rd, the crypto market experienced a brutal plunge, with Bitcoin once again showing a collapse-style trend, completely breaking the short-term consolidation pattern and plunging into the most severe trust crisis in recent years. On that day, Bitcoin plummeted sharply, breaking below the critical $67k level, with a maximum intraday drop of 7.22%, hitting a nearly two-month low, and panic spread throughout the entire crypto market.

This round of sharp decline triggered massive leverage liquidations. According to authoritative data, over 278.1k investors worldwide were liquidated in the past 24 hours, with a total liquidation amount reaching $1.78 billion, including a single largest liquidation of over $27.49 million, equivalent to 186 million RMB. High capital evaporated instantly, and market screams of despair echoed everywhere.

All along, Bitcoin has been dubbed "Digital Gold" by the market due to its scarcity, with its core attributes of anti-inflation and safe-haven properties making it the main holding logic for countless institutions and retail investors. However, this core belief has been continuously collapsing this year, and Bitcoin's trend has completely overturned previous perceptions. Its decline this year has exceeded 20%, nearly halving from the all-time high of over $120k in October last year, with a large scale of trapped high-position holders.

This sharp drop was not accidental; multiple negative factors fermented simultaneously. Escalating geopolitical conflicts triggered risk-averse capital to flee, coupled with continuous net outflows from US stock and Bitcoin ETFs over several days, with institutional funds continuously retreating, completely draining market liquidity. Meanwhile, whales concentrated selling, long positions hit stop-losses, creating a downward negative feedback loop, accelerating the collapse of the trend.

Most worth noting is that this round of market has completely shattered Bitcoin's safe-haven illusion. In traditional crises, gold often resists falling against the trend, but Bitcoin has become a high-risk speculative asset, falling first in the face of negative news.

Currently, the market is extremely panicked, and the short-term downward momentum has not been fully released. For traders, this correction again serves as a warning: crypto market risks are extremely high, and the so-called safe-haven attribute is unstable. Strictly controlling leverage and respecting the market are always the top survival principles. Focus on future capital flows and the support at the $65k level, and beware of ongoing continuous decline risks.