#BTC行情
BTC Death Spiral Alert: Leverage Liquidation Triggers Market Panic
Bitcoin has fallen below the key support of $70,000, and the market has entered a "downward-liquidation-selloff" vicious cycle. Well-known investor Michael Burry warned that a continued decline could "trigger a death spiral, leading to a massive value collapse".
Leverage as an Accelerator: In just four hours, long positions were liquidated for $118.63 million, while short positions were only $4.53 million, with an imbalance of up to 2618%. Institutional funds continue to flow out, with an ETF net outflow of $800 million in a single week, leading to market liquidity depletion.
If there is another 10% drop, publicly traded companies holding large amounts of Bitcoin will face losses of billions of dollars. The market has shifted from a belief in "digital gold" to a pure speculative asset recognition crisis.
I will continue to track market dynamics in the community, analyzing leverage risks and response strategies. Feel free to join for first-hand insights. $BTC
