$BTC The endpoint of this round of adjustment is looking towards $50k

Risk reminder: Cryptocurrency prices are highly volatile. This article only shares market opinions and does not constitute any investment or trading advice. Profit and loss are at your own risk.

Recently, BTC has repeatedly broken below key levels, falling from high positions, repeatedly losing the $65,000 mark, with long positions continuously liquidated. A short-term weakness has been established, and this deep correction targets the $50,000 level.

Institutional funds are loosening, and the bullish confidence is beginning to collapse.

Previously, leading institutions holding large amounts of coins, Strategy, which adhered to holding without selling, has started to reduce holdings, breaking the long-term bullish benchmark in the industry; US spot BTC ETFs have experienced large net outflows for several consecutive days, with institutional funds continuously withdrawing from the crypto market. Without new capital inflows to support, existing sell pressure continues to be released. Large whale addresses with significant chip movements are liquidating holdings, and profit-taking at high levels is one of the core drivers of ongoing sell-offs.