The drop in BTC has been really fierce; it turns out there's a bit of "insider information" at play. I felt that the collapse was so sudden, and upon checking, it turned out that the U.S. Department of Justice received permission to sell the $6.5 billion worth of Bitcoin that was previously seized. Particularly on the American trading day, it was clear that someone had advance knowledge of the news and rushed to sell off.

After analyzing, I really can't find a direct reason for such a sharp drop in BTC. In a normal market decline, there should be some rebound, but this drop has shown absolutely no signs of recovery or bottoming out. Then came a black swan event, and everyone was left bewildered.

Retail investors can only accept their fate; the most important thing is to manage risk well, and there aren’t many other good options. For friends trading with high leverage contracts, remember to set stop-losses; for spot trading, just hold your positions steadily and don’t take too many risks. After all, if Trump really comes back to power, who knows, there might be a bill that treats these Bitcoins as strategic reserves, as he has mentioned doing before.

Moreover, from the time the U.S. Department of Justice gets approval to sell Bitcoin to actually starting sales, it is estimated that it will take more than a year. Everyone, don’t scare yourselves; looking at it now, this news doesn’t have a significant impact on the market. Once the panic in the market passes, the coin price can recover.