Today, when looking at BTC, it has directly approached $72,000, hitting a recent low, and the market looks a bit grim. According to the latest updates, this drop is directly related to the breakdown of US-Iran negotiations leading to rising tensions—heightened geopolitical risks are disrupting the market's risk-averse logic.
Let's start with the most straightforward data:
Bitcoin once dropped to around $72,000, which is the lowest level in 15 months.
The liquidation amount for a single day reached 740 million USD, and leveraged long positions were ruthlessly wiped out.
BTC has retraced over 40% from its historical high, and even large holders' positions have fallen into the water.
Did you think this is 'market repair'? No, this time it is more about external pressures pushing together—
The overlapping geopolitical situation, amplified macro uncertainty, and contracting liquidity expectations will all pull the market into a state where everyone first withdraws and then considers.
When market panic is ignited, even Bitcoin, the 'digital gold', cannot escape being treated as a risky asset and being sold off first.
Honestly, this type of decline is psychologically more painful than the drop itself:
It's not about 'shorting BTC's value',
Rather, funds would rather hide in cash, the bond market, or even environments where traditional safe-haven assets have not held.
Old players should have experienced this:
When the market is in a comfortable range, everyone discusses 'bullish logic';
When the market encounters piled uncertainties, people start to discuss 'who gets off first'.
More important than price is that funds are unwilling to stay here.
This wave of decline has actually clarified several distinct directional senses:
Risk aversion > risk preference
When the world situation becomes vague, BTC is treated as a high-beta asset and sold off first.
Emotions respond earlier than fundamentals.
Prices do not fall because the fundamentals are bad; often it is emotions that drop sharply first.
Leverage is a burden.
740 million USD liquidation warns everyone: when unstable, leverage does not amplify profits but makes stop losses more painful.
What the market truly fears is not the decline, but the signal of 'funds not daring to stay'.
Drops can rebound, but panic may self-reinforce.
So when BTC is pulled down again, don't just focus on the price,
It is more important to watch at what price level the funds dare to stop and stay.
Because that is the true force that determines the next trend.#特朗普称坚定支持加密货币 #美国政府部分停摆结束 #加密市场观察