（🌋）Dropped below 6.3! A single-day plummet of nearly 14%, what happened?
Brothers, this market is a bit exciting! Just glanced at the market, and BTC took a tumble straight down to 62999 USDT, with an intraday drop nearing 14%! This sudden crash has likely buried a ton of leveraged positions.
From the market perspective, it fell both quickly and urgently. The reasons boil down to these points:
1. Tensions in the Middle East, global risk assets are all diving, and Bitcoin is no exception.
2. Short-term profit-taking is too heavy, after reaching new highs, many chose to take profits, creating selling pressure.
3. The most critical factor may still be the chain liquidations; the plummet triggered a large number of forced liquidations of long positions, forming a cycle of "drop-liquidation-drop".
Now the focus is on whether the psychological barrier of 60,000 can hold. If it holds, market sentiment may slowly recover; if it doesn't, we may need to test deeper support areas. Remember, volatility is the norm, don't be scared off by a big bearish candle.
Position management is always the top priority, don't blindly catch falling knives during a crash.
#BTC何时反弹？ #以太坊ETF #以太坊ETF批准预期 #以太坊ETF
Let's chat, do you think this wave of correction is in place? Are the brothers who are bottom-fishing shaking their hands now? Let's get the comments section buzzing!
