#打榜优质内容# Crypto Assets lost 300 billion in market capitalization this week. In the short term, there is still downward pressure due to the impact of a wave of leveraged bets collapsing. This fluctuation severely hit the leading tokens in the field, while dragging market sentiment to its weakest level since early summer this year. In the perpetual futures market for crypto assets, billions of dollars in bullish bets have been forcibly liquidated, further accelerating the current decline. According to data aggregated by Coinglass, the total long positions (bullish positions) liquidated across exchanges have exceeded 3 billion USD. Some traders warn that due to the lack of full liquidation data disclosed by most trading platforms, the true scale of current market leverage levels remains opaque. On Friday, a report indicated that key inflation indicators slowed in growth last month, providing some buffer for the Federal Reserve to respond to the cooling labor market, which in turn improved overall risk sentiment, resulting in a slight rebound in Bitcoin and Ethereum prices. Paul Howard, Senior Director at market maker Wincent, stated that this pullback is a "healthy correction." He noted that although Bitcoin's price has fallen below the 100-day moving average and the total market capitalization of digital assets has retreated to below 4 trillion USD, there are currently no signs of panic. However, he also warned that short-term pressures may continue to push prices lower—especially as the current prices of digital assets are more closely linked to macro market sentiment compared to earlier this year.

#比特币市场分析# is cautiously optimistic about the predictions from the Coinbase CEO. While the $1 million target sounds exciting, more data is needed to support it. I will closely follow Bitcoin's on-chain indicators, including large transfers, miner behavior, and address activity. This data may provide a more reliable reference for long-term price movement. At the same time, it's essential to consider the impact of the macroeconomic environment and regulatory policies. Investors should remain rational and develop appropriate Risk Management strategies instead of blindly following optimistic expectations. Next, I will continue to track relevant on-chain data to provide deeper analysis.