Analysis: Bitcoin May Face "Sharp Sell-Off," Potentially Testing $55,000

Odaily News Amidst the backdrop of persistent capital outflows and compounded macro risks, the crypto market may experience more severe declines. Analyst Samer Hasn points out that Bitcoin has concluded its previous consolidation phase and entered a new downward cycle. The uncertainty surrounding tariffs and tightening liquidity form a "toxic combination," accelerating capital flight from the crypto market. If selling pressure persists, the Bitcoin price could test the $53,000 to $55,000 range. Furthermore, on-chain data shows that U.S. spot ETFs have seen a reduction of approximately 100,000 BTC in holdings since the cycle high in October last year, reflecting a trend of institutional de-risking. The number of active addresses has fallen below the normal range, realized capital continues to contract, and unrealized losses dominate, indicating weakening market confidence and participation. (The Block)