The US stock and bond markets are both taking a hit, can Bitcoin withstand it? Retail investors, don't panic, look here! $BTC

Bitcoin has just dropped below 68000, declining by 2% in 24 hours, and many retail investors are anxious. In fact, this isn’t the fault of the crypto market; it’s the shenanigans from the US—10-year Treasury yields have surged to 4.5%, and the US dollar index has also crossed 100, causing money to flow back into traditional markets, putting pressure on cryptocurrencies.

What's more critical is that the funding rate for perpetual contracts has turned negative, indicating that short sellers are beginning to spend money to maintain their positions, leading to a cooler market sentiment. Additionally, there are quite a few buy orders placed below 66,000, and we might see another dip in the short term.

Personally, I believe this wave is more about macroeconomic pressure rather than issues within the crypto market itself. The rise in crude oil prices and the volatility of US Treasuries, which has soared by 18%, show that there’s a strong risk-averse sentiment, causing risk assets to shake.

For us players, what we fear most right now is not the drop itself, but blindly trying to bottom-fish halfway up the mountain. Stabilize your positions, don’t chase shorts, and don’t go all in; let’s wait for the market sentiment to ease a bit. Want to know where I plan to buy next? Comment “bottom-fish” in the comment section, and I’ll tell you the level. #特朗普希望尽快结束对伊朗战争