Recently, Bitcoin has experienced its first deep correction since the low in April. Previously, it surged from $74,501 to a historic high of $111,880, accumulating a 50% increase, with very little retracement during the nearly 50-day rise.

This adjustment is not merely a technical correction. The sudden reinstatement of tariffs by the U.S. government has intensified macroeconomic uncertainty, pushing the yield on 30-year U.S. Treasuries above 5%, leading to a rise in risk-averse sentiment. Multiple factors are collectively putting pressure on Bitcoin's price.

However, the fundamentals of Bitcoin remain solid. This correction is more like a 'healthy detox' for the market, stemming from the liquidation of leverage and profit-taking following the previous surge, rather than a trend collapse. As the cryptocurrency industry continues to make breakthroughs in enterprise applications, regulatory standards, and global financial integration, the potential for future development remains promising. #加密市场反弹