比特币跌破6万美元大关！本周暴跌25%，4个月价格“腰斩”

Core Insights - Bitcoin price has experienced a significant decline, dropping below $60,000 for the first time since October 2024, marking a 52.81% decrease from its historical high of $127,000 reached on October 5, 2025 [1][3] - The recent sell-off was driven by pessimistic investor sentiment and ongoing sell-offs in the international financial markets, with Bitcoin's price falling approximately 25% over five days starting February 1 [3] - Market liquidity and confidence have contracted, exacerbated by increased leverage liquidations, with over 586,219 traders liquidated in the last 24 hours, totaling $2.665 billion [3] Market Dynamics - Bitcoin's price has fallen below the average holding cost of U.S. spot ETFs (approximately $87,830), indicating that most institutional holdings are now at a loss, which further suppresses bottom-fishing interest [3] - Retail investor interest has cooled, leading to reduced trading volumes and increased volatility, with market sentiment indicators showing a shift towards risk aversion [3][4] - Historical data suggests that Bitcoin has previously experienced declines of over 75% during major bear markets in 2014, 2018, and 2022, indicating that the current drop has not yet reached extreme historical levels [4] Broader Cryptocurrency Market - Other cryptocurrencies such as Ethereum, Solana, Binance Coin, and Dogecoin have also seen significant price declines, reflecting a broader market trend [4] - The current market sentiment is increasingly risk-averse, with price movements being driven more by balance sheet mechanisms rather than narrative logic [4]