比特币突然走弱，技术信号亮红灯，谁在悄悄关水龙头抽走底部支撑

Group 1 - Bitcoin's price decline reflects broader market sentiment, indicating that it is not merely a speculative asset but a barometer for overall market emotions [1][10] - Despite positive regulatory developments and institutional interest, Bitcoin's price has turned downward from its recent highs, highlighting a disconnect between market information and price action [1][10] - Technical analysis shows a recurring pattern in Bitcoin's price cycles, with significant price movements typically occurring over approximately 150 days from low to high and a year from high to low [3][6] Group 2 - The 50-week moving average serves as a critical support level for Bitcoin, currently around $13,000, and its sustained breach could signal the end of a bull market [8][10] - Global liquidity dynamics are shifting, particularly with Japan's potential interest rate hikes, which could impact risk assets like Bitcoin as funding costs rise [10][12] - The current market environment is characterized by a K-shaped recovery, where high-risk assets are more susceptible to sell-offs as liquidity conditions tighten [12][14] Group 3 - The ongoing debate about Bitcoin's functional role—whether as a pure currency or as a data carrier—reflects deeper concerns about its decentralization and governance [16][17] - A structural shift is occurring as early Bitcoin holders begin to sell their positions, transferring their holdings to institutional investors who are now more interested in Bitcoin as an asset class [17][20] - The recent price decline is seen as a reorganization rather than a collapse, driven by technical signals, liquidity changes, and internal structural shifts within the market [20][22]