Under the pressure of ETF funds continuously bleeding out, Bitcoin’s recent downtrend has not eased, and the price is rapidly nearing the $60,000 psychological integer level. This price point is not only a familiar mental line of defense for the market, but is also viewed by many analysts as a key support level that must not be breached; if it breaks, the sell-off could spiral into a chained stampede—turning into a cascading scramble like a scene of “bloodshed.”