Have you bottomed out?

❤️Bitcoin breaks strong support at $80,000! 210,000 people liquidated overnight, has it hit the bottom???
Bitcoin suddenly plummeted, breaking below $80,000 with a 24-hour decline of over 8%, currently reported around $77,128. Ethereum, Dogecoin, Trump Coin, and other mainstream cryptocurrencies also fell sharply!
Even more tragic, over 210,000 investors across the network were liquidated, with a liquidation amount close to $600 million, and the largest single liquidation amount reached $32 million!
What exactly happened behind this 'bloodbath'?
Trump's 'good news fully priced in' + tariff threat double kill!
🥀 'Strategic Bitcoin Reserve' announced, but the market is dousing cold water
On March 6, Trump signed an executive order announcing the establishment of a 'Strategic Bitcoin Reserve', centered on the 200,000 BTC (approximately $16 billion) held by the U.S. government, claiming 'never to sell'. The White House is also promoting cryptocurrency regulatory legislation, claiming to end the 'industry war', but in reality, the market had already digested Trump’s good news, and the policy announcement instead triggered sell-offs!
🍄 Trump drops tariff 'bomb'
On March 9, local time, Trump suddenly threatened to raise some tariffs after April 2, confirming the imposition of tariffs on steel, aluminum, and Canadian dairy products. Global trade frictions are heating up, risk aversion sentiment is soaring, and funds are fleeing risk assets.
Short sellers warn: Bitcoin breaks below the 2025 average price support, over 2.6 million BTC are at a loss, increasing selling pressure risk.
Bullish faith: Institutions like Standard Chartered predict a long-term rise to $500,000, citing Trump's government-promoted 'national digital asset reserve' and regulatory easing.
Leverage players: 210,000 people liquidated within 24 hours, high-leverage contracts becoming a 'meat grinder', trade cautiously!
Regular investors: Short-term volatility is dominated by policy and sentiment, but long-term attention can still be paid to ETF fund inflows and regulatory dynamics.
Trump's dual approach of 'giving sugar' (policy good news) and 'wielding the knife' (tariff threats) keeps the crypto world oscillating between hope and panic.
Behind the plummet is not only profit-taking from good news realization but also a natural escape of global capital from uncertainty.
Remember: bull markets often see sharp declines, bear markets often see gradual falls.
Will you choose panic selling or calmly buying the dip?
Do you think Bitcoin will fall below $70,000 this time?
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