比特币失守7万美元关口：较峰值跌45%，恐慌抛售触发“强制去杠杆”

Core Viewpoint - Bitcoin price has fallen below the critical psychological level of $70,000, reaching a low of $69,271, marking the lowest point since November 2024, driven by a combination of factors including a significant drop in marginal demand, volatility in the tech stock market, and turbulence in the precious metals market [1][3] Group 1: Market Dynamics - Bitcoin has experienced a nearly 20% decline since the beginning of the year, triggering a large-scale "forced deleveraging" process in the market [1] - Compared to the peak in October last year, Bitcoin's price has dropped approximately 45%, leading to a withdrawal of institutional investors from the market, including ETFs and digital asset bonds [1] Group 2: Investor Sentiment - The cryptocurrency market is currently facing heavy price movements, with Bitcoin being a major factor affecting overall market sentiment [3] - Signs of panic selling are evident, with daily technical indicators showing severe overselling and the Fear and Greed Index reaching extreme lows [3] - Ongoing low trading volumes and a "forced deleveraging phase" in the futures market have created a demand vacuum, resulting in persistent selling pressure that is forcing investors to exit at a loss [3]