加密航海家飞鱼
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As of February 28, 2025, 9 PM, the price of Bitcoin has fallen below $80,000, hitting a low of $78,258, down nearly 40% from the January peak of $109,588. Here are the key pieces of information:
1. Reasons for the decline
- Policy risk: The delay in voting on a bill allowing state-level investment in Bitcoin in South Dakota undermines market confidence.
- Security incidents: Approximately $1.5 billion worth of cryptocurrency was stolen due to a hacker attack on By, raising concerns about the security of crypto assets.
- Macroeconomic environment: Tariffs imposed by the Trump administration on the EU, a strengthening dollar, and delayed expectations for Fed interest rate cuts have led to a sell-off in risk assets.
2. Technical and capital aspects
- Technical support: Short-term support levels at $79,200-$77,900 (November 2023 low and mining shutdown price), resistance at $85,000.
- Capital outflow: Over $2.2 billion in net outflows from U.S. Bitcoin ETFs for six consecutive days, exacerbating selling pressure.
3. Market sentiment and trends
- The fear index reached 28 (extreme fear), with $1.868 billion liquidated across the network in 24 hours; however, on-chain data shows whale addresses are accumulating on dips, potentially indicating institutional bottom fishing.
4. Future outlook
- Short-term: If it falls below $77,900, it may test $74,200; a rebound requires breaking through the $85,000 resistance.
- Mid-term: Fed policy, geopolitical situations, and regulatory trends remain key variables; if sentiment recovers, it may trigger a rebound.
Investors are advised to pay attention to key support levels and macro events, and to control leverage risks.
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Binance 28 commission rebate invitation code: FOHW9ZPT
If you have questions, please refer to the shared positions below!
@加密航海家飞鱼
1. Reasons for the decline
- Policy risk: The delay in voting on a bill allowing state-level investment in Bitcoin in South Dakota undermines market confidence.
- Security incidents: Approximately $1.5 billion worth of cryptocurrency was stolen due to a hacker attack on By, raising concerns about the security of crypto assets.
- Macroeconomic environment: Tariffs imposed by the Trump administration on the EU, a strengthening dollar, and delayed expectations for Fed interest rate cuts have led to a sell-off in risk assets.
2. Technical and capital aspects
- Technical support: Short-term support levels at $79,200-$77,900 (November 2023 low and mining shutdown price), resistance at $85,000.
- Capital outflow: Over $2.2 billion in net outflows from U.S. Bitcoin ETFs for six consecutive days, exacerbating selling pressure.
3. Market sentiment and trends
- The fear index reached 28 (extreme fear), with $1.868 billion liquidated across the network in 24 hours; however, on-chain data shows whale addresses are accumulating on dips, potentially indicating institutional bottom fishing.
4. Future outlook
- Short-term: If it falls below $77,900, it may test $74,200; a rebound requires breaking through the $85,000 resistance.
- Mid-term: Fed policy, geopolitical situations, and regulatory trends remain key variables; if sentiment recovers, it may trigger a rebound.
Investors are advised to pay attention to key support levels and macro events, and to control leverage risks.
➖➖➖➖➖➖
(Register to view the latest strategies for free)
Binance 28 commission rebate invitation code: FOHW9ZPT
If you have questions, please refer to the shared positions below!
@加密航海家飞鱼
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.