1. Market: Late-night "bloodbath," bulls collectively extinguished
• High-altitude plunge: Bitcoin plummeted after touching the $71,000 mark, currently fluctuating around $68,000 - $69,000; Ethereum (ETH) fared worse, with a one-day drop nearing 6%.
• Data killer: The total liquidation amount across the network reached $330 million (approximately 2.3 billion RMB) in 24 hours, with over 110,000 people becoming "fuel."
• Key support: Institutions warn that if BTC falls below the psychological barrier of $60,000, bearish positions in the options market will trigger a chain liquidation.
2. Macro: Interest rate cut expectations change again, the Fed's "favorite indicator" approaches
• Inflation clouds: The core PCE index will be released this Friday (February 20), with market predictions suggesting inflation may rebound to 2.9%, casting a shadow over previously optimistic rate cut expectations.
• Betting focus: Currently, the market has postponed bets on "certain rate cuts" to July, with short-term expectations of tightening liquidity putting collective pressure on risk assets.
3. Institutions: Big players are also "holding on tight"
• MicroStrategy (MSTR) boldly states: The publicly listed company with the most Bitcoin globally declares that even if BTC drops to $8,000, they have enough assets to cover their debts and will not liquidate. Currently, the institution holds over 710,000 BTC.
• Giant handover: On-chain data indicates that some established miners (like Mara Holdings) have recently moved large amounts of BTC frequently, suspected of cashing out or restructuring assets.
#btc #ETH🔥🔥🔥🔥🔥🔥