A night of panic in the crypto circle! Bitcoin performs 'high-altitude parachuting,' and the bullish defense line collapses completely.
On the evening of July 3, 2025, the cryptocurrency market suddenly erupted in chaos! According to the latest market data from Binance, Bitcoin (BTC) price plummeted from a high of $110,227 to $108,958 in just 2 hours, breaking through the key psychological support level of $109,000, and the 24-hour increase shrank from +3% to only +1.56%. More terrifying is that Coinglass data shows that the total liquidation amount in the past 24 hours reached $849 million, with nearly 300,000 investors losing everything, of which more than 75% were long liquidations!
"This drop is too severe! $109,000 is the cost zone where institutions previously built positions intensively, and breaking below it indicates a technical bear market signal," a leader of a quantitative trading team revealed to (Crypto Daily), "Especially in the Bitcoin futures market, open interest dropped by 12%, indicating that large funds are retreating."
Three major 'black swan' attacks: Trump market, regulatory sword, miners' sell-off.
"Is the 'Trump market' bubble bursting?"
After the 2024 U.S. election, Bitcoin skyrocketed above $100,000 due to Trump's promise to 'establish a strategic reserve.' But JPMorgan's latest report poured cold water: "Even if Trump is re-elected, it will take at least 9-12 months for policies to be implemented, and the current price has already overshot expectations for the next three years!" More critically, Federal Reserve Chairman Powell recently hinted that "the number of interest rate cuts in 2025 may be lower than expected," directly popping the risk asset bubble, causing Bitcoin to plunge.Guotai Junan's 'licensed kill' triggers a chain reaction.
On June 27, Guotai Junan International became the first Chinese brokerage to obtain a virtual asset trading license, with its stock price surging 200% in a single day. But the market quickly realized:The entry of traditional financial institutions is not beneficial but accelerates compliance harvesting!"Brokerages launching Bitcoin trading means retail investors will directly face the 'cutting leeks' machine of quantitative funds," a senior exchange executive bluntly stated, "Among the 300,000 people who faced liquidation today, at least half were hunted by algorithmic trading."
Miners' 'death sell-off' crushes the market.
According to Glassnode data, Bitcoin's total network hash rate suddenly plummeted by 15% after breaking the historical high of 500 EH/s in June. "Miners can't bear the electricity costs anymore!" revealed a mine owner, "Now it costs $12,000 in electricity to mine one Bitcoin, but after the price fell below $109,000, 80% of mines have entered a loss zone." Data shows that in the past 7 days, miner addresses have transferred over 28,000 BTC to exchanges, reaching a new high since November 2024.
The technical 'death cross' has formed! Next stop: $100,000?
From the candlestick chart, Bitcoin has shown three major fatal signals:
MACD Indicator: The DIFF line and DEA line form a 'death cross' below the zero axis, indicating that bearish strength dominates the market; Moving Average System: The 5-day moving average crosses below the 10-day moving average, and the price has fallen below the key support level of EMA144 ($99,910); Trading Volume: The 24-hour trading volume has reached $35.5 billion, but the 'increased volume decline' indicates a complete defeat of the bulls.
"If this week's closing price cannot recover $109,000, the next target will be $100,000," warned a technical analysis master, "This is the resonance support zone of the December 2024 low and the Fibonacci 50% retracement level, but if it falls below, it may trigger a chain reaction of stop-loss orders."
What should retail investors do? Three survival rules exposed.
Stay away from leverage! Stay away from leverage! Stay away from leverage!
"Among the investors who faced liquidation today, 90% used more than 10 times leverage," revealed a risk control director of an exchange, "Now the market volatility is three times that of usual, and even 1x leverage could be forcibly liquidated."Beware of the 'altcoin' zero risk.
The plunge in Bitcoin triggered a chain reaction, with mainstream coins like Ethereum (ETH) and Solana (SOL) falling more than 5%, while Meme coins like PEPE and WIF dropped more than 20% in a single day. "Every time Bitcoin plummets, it’s the 'doomsday judgment' for altcoins," a funding rate monitoring platform shows that the current funding rates for altcoin contracts are generally negative, indicating that the bears hold an absolute advantage.Focus on 'regulatory arbitrage' opportunities.
Although the market is crashing, the Hong Kong Securities and Futures Commission recently announced that "starting from July 15, retail investors can participate in virtual asset ETFs," which may become a short-term lifeline. "Funds will flow from high-risk contract markets to compliant ETFs, and related assets like the Huaxia Bitcoin ETF (3066.HK) may rise against the trend," suggested an analyst from a brokerage.
Candlestick Judge · The verdict is here: Is the crash the starting point of a new bull market?
"Bitcoin will rise from $30,000 to $100,000 in 2024, driven by the 'Trump expectation + Federal Reserve interest rate cuts + ETF capital inflow,'" pointed out a blockchain researcher, "Now the first two major drivers have been falsified, and only ETF capital inflow is still supporting the market. But historical experience shows that every crash wipes out 90% of speculators, ultimately leaving only true believers."
Blindly working alone will never bring opportunities; why not follow the Candlestick Judge, and I will take you to explore tenfold potential coins! Top-tier first-level resources! #BTC重返11万 #非农就业数据来袭