The bearish factors in the past two days have been quite numerous, making it rare that the price can stabilize around 60,000.

First, the CLARITY Act met with a public joint opposition from four major U.S. law enforcement agencies.
As the most important regulatory positive expectation for the second half of the year, the U.S. CLARITY Act (Clarity Act), which clearly defines the structure of the crypto market, actually encountered strong bipartisan and administrative gaming on the 25th.
On the 25th, four major U.S. law enforcement organizations jointly sent a letter to Congress, publicly opposing Section 604 of the bill, claiming that it would weaken anti-money laundering (AML) enforcement.
Assets highly sensitive to the bill, such as $XRP , plunged in response, testing a recent low of $1.04 during intraday trading on the 25th.
Second, the forced selling caused by yesterday's quarterly options expiration of $10.6 billion.
Due to the bullish sentiment of the past two months, derivatives traders' long positions have become extremely heavy, to the point where the options max pain point is around 72,000 – 74,000.
This led to the violent volatility of the BTC price over the past 48 hours.