As of June 8, 2025, Bitcoin's market shows the following characteristics:

Price Trends

Affected by the strong non-farm payroll data disclosure in the United States, Bitcoin's price dropped from $71,900 to a low of $68,600, once “plummeting” by $3,300. Ethereum's 24-hour decline exceeded 6%, while Dogecoin's 24-hour decline reached 10%.

Market Sentiment

The number of newly created addresses on the Bitcoin blockchain has significantly shrunk, reaching its lowest level since 2018, indicating that retail interest seems to have waned.

Technical Indicators

According to CoinGecko, the total market capitalization of cryptocurrencies is $2.686 trillion, with a 24-hour decline of 3%, equivalent to approximately 583.4 billion yuan in market value evaporated. In the last 24 hours, a total of 148,536 people faced liquidation, with a total liquidation amount of $416 million.

Overall, the current Bitcoin market is greatly influenced by macroeconomic data, with the market in a short-term downtrend, and investor sentiment is relatively cautious. Technical indicators also show strong bearish forces in the market. However, the long-term price trend of Bitcoin remains influenced by various factors, resulting in uncertainty.