Thursday should be one of the most painful days in cryptocurrency history, when investors' confidence almost completely collapsed. Not only is the cryptocurrency sector wailing, but even traditional media is reporting on the significant liquidation in cryptocurrency. If nothing unexpected happens, $60,000 should be the bottom this time. Both from a data perspective and from the ETF perspective, the panic among investors seems to have mostly released, and the sentiment for bottom-fishing at the $60,000 price has significantly increased. The most important aspect of this decline is that there has not been any actual negative data, including for U.S. stocks. From my personal perspective, the repeated breaches of historical lows in institutional and fund manager cash should be the main reason. As passive positions are released and prices decline, bottom-fishing should start again. Currently, the main contradiction in the market is still between Trump and the Federal Reserve's monetary policy. Looking back at Bitcoin's data, the price changes have made the market feel like a roller coaster. Friday's counterattack made this weekend a bit simpler; otherwise, I was worried that the low liquidity over the weekend would cause the price to further expand its fluctuations. Currently, after $BTC rebounded back to $70,000, market sentiment has eased somewhat. The biggest difference this time is that the distribution of chips has not experienced a cliff-like change; even earlier losing investors have not reacted too much to this decline. More BTC holders are not very interested in short-term price fluctuations, even when it nearly dropped below $60,000. $ETH $BTC $SOL #何时抄底？ #全球科技股抛售冲击风险资产 #加密市场回调 #BTC何时反弹？