This wave of crash is a bit beyond expectations! Bitcoin has directly fallen below $80,000.

In the last 24 hours, over 210,000 people have been liquidated, with a total liquidation amount of $583 million across the network, and the largest single liquidation order was $32.08 million.

What triggered this wave of decline? Simply put, the expectations for another interest rate hike by the Federal Reserve have risen, and with Trump suddenly starting a tariff war, the market was completely spooked.

From on-chain data, there has been a significant increase in net inflows to exchanges, and whale addresses have started to sell off; this wave of selling is clearly organized and premeditated.

Additionally, Elon Musk suddenly tweeted that investing in meme coins is foolish, which directly crashed the sentiment in the entire market.

Now, the market fear & greed index has dropped to levels comparable to the bear market of 2022.

In the short term, Bitcoin is likely to test the support level of $70,000, and it may even dip down to $75,000.

However, in the long run, I remain optimistic, as M2 liquidity is recovering. Once the tariff war ends and the Federal Reserve resumes easing, the market can still rebound.

That said, the risk of bottom-fishing is currently too high, and I advise everyone to stay on the sidelines and not blindly go all in.

After all, the cryptocurrency market is still too fragile.

When Bitcoin drops, the entire market suffers, with mainstream coins like Ethereum and Dogecoin also plunging.

However, from another perspective, this can also be seen as a market cleansing, getting rid of those speculators, leaving behind only the real assets. What do you think, fellow insiders? Feel free to vent in the comments!

Opportunities are fleeting; a correction is imminent. Position yourself for spot buying at the bottom; altcoins are waiting for your profit! Doubling your investment is not a dream. Click on my profile to follow me, and let's enjoy the bull market feast together!