#密码资产动态追踪 The logic behind Bitcoin falling below 90,000 has been figured out.

The truth is this: The U.S. Department of Justice has just obtained federal court approval to dispose of 69,370 Bitcoin previously seized (worth approximately $6.5 billion). This long-standing legal case finally has a conclusion, and the market immediately started to worry about a large sell-off, which directly triggered today's sharp decline. This is the most significant negative news at the moment.

Looking at the data, the impact is quite intense: Over $500 million in liquidations across the entire network in 24 hours, with long leverage positions accounting for over 90%. Ethereum, Ripple, and other cryptocurrencies also plunged, with declines between 3% and 7%. But don’t rush to sell—key is to see how the government plans to sell.

Typically, such situations don’t result in a full-scale dump all at once. Usually, they involve over-the-counter large transactions combined with phased auctions. Historically, similar cases have had buffer periods and don’t cause immediate breakdowns. The 88,000 price level is a strong support; now it’s about whether the market’s absorption capacity is sufficient. Interestingly, El Salvador took the opportunity to buy 11 coins at this low price, and institutions are also scouting for low-price opportunities.

If you are a retail investor, don’t follow the herd and act impulsively. Try to build positions gradually in different tiers, and avoid chasing the dip. It’s best to keep half of your cash ready. Focus on two signals: the announcement of the government’s first sale and the flow of funds into ETFs. These two are the most indicative of market sentiment.

Short-term volatility is mainly driven by emotions. In the long run, compliant disposal actually reinforces Bitcoin’s asset attributes. Instead of panicking and selling, it’s better to stay calm and wait for clear signals of market stabilization before taking action.