#加密市场回调 #加密市场回调【Survival Rules During Market Volatility】
Recently, the crypto market has experienced a deep pullback, with Bitcoin falling below $60,000 and Ethereum losing the $3,000 mark, resulting in over $500 million in liquidations across the network. This round of decline is driven by multiple factors: rising expectations of Fed rate hikes suppressing risk assets, escalating geopolitical conflicts increasing risk-averse sentiment, and profit-taking by some institutions triggering a chain reaction.
Decomposing the pullback logic:
1. Leverage liquidation spiral: High-leverage long positions trigger a series of forced liquidations after breaking key support levels, amplifying the decline;
2. Shift in macro narrative: Soaring US Treasury yields withdraw market liquidity, with funds shifting to traditional safe-haven assets;
3. On-chain data warning: The supply of stablecoins on exchanges has dropped to a year-to-date low, indicating insufficient momentum for new capital inflow.
Operational strategy:
- Avoid panic selling; dollar-cost averaging investors can gradually increase their positions in mainstream assets;
- Pay attention to the on-chain chip distribution of BTC/ETH; there may be value traps below the 60-day moving average.
- Focus on key layouts in RWA, AI+DePIN, and other new narrative tracks supported by actual cash flows.
The market pullback is essentially a process of deleveraging; those who plant seeds in the winter often reap excess returns in a bull market. Stay calm, invest with spare money, and wait for the turning point of macro liquidity to arrive.
