Today, Bitcoin suffered a major blow, briefly dipping below the $59k mark during the session, hitting a new low since September 2024. From its peak of $126k, the cumulative pullback has exceeded 50%.

Core bearish catalysts in sync:
1. Massive options expiration: Approximately $10 billion in Bitcoin options on Deribit expire today, with nearly 80% of call options out of the money, triggering defensive selling pressure.
2. Cascade of liquidations: Over 170k traders were liquidated within 24 hours, with全网清算规模逼近1B美元, and long-side confidence shaken.
3. Institutional capital outflows: Spot ETFs have seen net outflows for 7 consecutive weeks, with over $1.3 billion flowing out this week alone; selling expectations from major holders like Strategy exacerbate panic.
4. Macro headwinds: Hawkish signals from the Fed and sticky inflation suppress non-yielding assets, with capital shifting to the AI sector.

Key levels: Currently oscillating in the $59k-$60k range. If support at $57.5k is broken, a further decline to the $52k area is possible. The market has entered a state of "extreme fear," it's easier to fall than rise in the short term. Be cautious with position risk!
#比特币 #BTC #加密货币 #Options Expiration