#BTC走势分析 Bitcoin's popularity is declining.
The market appears to be thriving, but in reality, there are undercurrents.
A new round of declines may start as early as September to October this year.
August to September may be the last surge.
The world is in dire need of funds. We deeply feel this when we go out.
Once large fluctuations occur, more people's losses will lead to exits, reducing liquidity to a minimum. More retail investors will leave the market.
Global macroeconomic situation impact
Changes in the global macroeconomic situation have had a profound impact on the Bitcoin market. Currently, the global economy faces many uncertainties, inflationary pressures are increasing, and monetary policies of various countries are continuously adjusting. Some countries have implemented tightening monetary policies, such as interest rate hikes, to deal with inflation, leading to reduced market liquidity. Bitcoin, as a risk asset, is often significantly impacted when liquidity tightens. The slowdown in global economic growth affects investors' risk appetite, making them more inclined to choose relatively safe assets, thus reducing their investment in Bitcoin.
Uncertainty of regulatory policies
Countries are continuously strengthening their regulatory policies on cryptocurrencies, and the uncertainty of regulations has become an important factor in the decline of Bitcoin's popularity. Some countries have introduced strict regulatory measures that restrict Bitcoin trading and usage, increasing the compliance costs in the Bitcoin market. The suspension of the Bitcoin investment bill in South Dakota, USA, has raised concerns among investors about the investment prospects in that region. The uncertainty of regulatory policies affects market confidence, leading many investors to choose to exit the market due to fears of regulatory risks, resulting in a decline in market popularity.
Frequent negative events in the cryptocurrency industry have undermined investor confidence. In 2025, the cryptocurrency exchange Bybit suffered the largest hacking attack in history, with approximately $1.5 billion worth of Ethereum stolen. This incident intensified market concerns about the security of digital asset platforms. Although the CEO of Bybit stated that they would fully compensate users for their losses, it still cast a shadow over the entire industry. Investors have questioned the security of cryptocurrency exchanges, reducing their investments in the crypto market, triggering market panic and price declines, which lowered the popularity of the Bitcoin market.
