#我在Gate广场过新年 February 23rd, the cryptocurrency market once again experiences intense volatility.

Bitcoin price quickly drops in the short term, breaking below the key level of $65,000, with intraday declines approaching 4%, and market sentiment rapidly cools down.

From the market trend perspective, after the important psychological support level of $65,000 was breached, selling pressure clearly increased, and short-term volatility intensified. Many investors who had just calmed down are once again pulled back into a tense state by this decline.

Behind the decline, three major reasons are worth noting:

1. Global risk assets are under overall pressure
Macroeconomic sentiment remains cautious, with increased risk-averse capital flow, especially impacting highly volatile assets.
2. Leverage funds trigger a chain reaction
More contract liquidations amplify the decline further, leading to short-term panic selling.
3. Market sentiment is weak, with insufficient buying support
In the absence of obvious positive news, bullish momentum temporarily slows down, and bears gain the upper hand.

For ordinary investors, this round of decline is a reminder: the crypto market has no “sure profit without risk,” and volatility is always the norm.

⚠️ Important Risk Reminder

1. Digital currencies are high-risk investments, with extreme price fluctuations that can lead to rapid losses; invest cautiously.
2. This article is for market information sharing only and does not constitute any investment advice.
3. Do not blindly chase gains or sell in panic; strictly control your positions, stay away from high leverage, and participate rationally.
4. Fully understand the risks before investing, act within your means, and be responsible for your assets.

What do you think about this Bitcoin decline—is it a short-term correction or a sign of further downward movement?
Are you currently holding and waiting, buying on dips, or have you already exited the market?

Feel free to share your thoughts in the comments!