Recent Market Dynamics and Controversies of $BTC

1. Price Volatility

• New Highs and Flash Crashes: In March 2025, the price of Bitcoin surged past $84,000 before quickly retreating, with 180,000 people liquidated within 24 hours, hitting a low of $80,000.

• Halving Countdown: The current block reward is 3.125 BTC, which may further reduce supply after the halving, leading to divergent views on its long-term trend.

2. Policy and Regulatory Risks

• U.S. Policy Fluctuations: The Trump administration proposed including Bitcoin in strategic reserves, but regulatory delays and tariff policies have caused market panic.

• China's Stance: Domestic trading remains restricted, and ongoing policy uncertainty continues to affect market sentiment.

3. Technical Challenges and Environmental Controversies

• Mining Energy Consumption: The Bitcoin network consumes over 100 terawatt-hours of electricity annually, criticized for not aligning with low-carbon trends.

• Scalability Issues: Slow transaction speeds and fee fluctuations hinder the expansion of application scenarios.