【February 6 Market Information and Data Analysis】

1. The global risk market plunged again, with #BTC dropping to the $60,000 mark, silver fell nearly 30% within 24 hours;

2. The total market value of cryptocurrencies dropped to $2.295 trillion, with a decline of over 10% in 24 hours;

3. #hype rose against the market trend, showing stable price performance during the market crash;

4. Currently, the weekly oversold signal strength of Bitcoin is comparable to that of June 2022.

Today, global risk assets faced massive sell-offs again, with the cryptocurrency market being hit the hardest. Bitcoin's price dipped to the $60,000 mark, while Ethereum lost the $1,800 support, causing a daily evaporation of over 10% in overall market value. This turmoil spread to traditional markets, with U.S. stock index futures, Japanese and Korean stock markets, and #GOLD , as well as precious metals like silver, all declining. The intense price fluctuations led to significant losses for leveraged traders, with the number of liquidations around the world surging in the past 24 hours, amounting to billions of dollars.

This widespread market decline reflects a rise in risk-aversion sentiment under tightening macro liquidity expectations. For Bitcoin, its weekly relative strength index (RSI) has fallen below 25, entering a deep oversold range, highlighting technical vulnerabilities. The market's "Fear and Greed Index" also points to extreme fear, indicating that investor confidence has been severely undermined. If macro pressures persist, Bitcoin may face further tests, and in the short term, it is crucial to monitor whether effective support can be established near the key psychological Bitcoin level, while the medium to long-term trend will depend on whether market expectations regarding a shift in monetary policy can improve.