经济日报：比特币暴跌警示风险重重

Core Viewpoint - The global cryptocurrency market has experienced a "crash-like" decline, with Bitcoin dropping below $70,000, reaching a low of $60,000, the lowest in 16 months, leading to over $2 billion in liquidations within 24 hours [1] Group 1: Market Performance - Bitcoin's price has erased half of its market value compared to its historical high of $126,000 in October 2025 [1] - The recent price drop is attributed to a weakening in the U.S. tech sector and a decline in international financial market risk appetite, resulting in a concentrated release of accumulated leverage risks [1] Group 2: Regulatory Environment - The reliance on institutional funds in the cryptocurrency market has increased, with Bitcoin spot ETF fund flows becoming a stronger pricing variable [1] - The People's Bank of China and eight other departments have issued a notice to further improve regulatory policies to prevent and address risks related to virtual currencies and the tokenization of real-world assets [1]