#ETH走势分析 The crypto space has gone through another bloodbath today.

Bitcoin plunged straight through the $89,000 mark in early trading, retracing nearly 29% from its all-time high. In the past 24 hours, over 100,000 investors have been liquidated, with funds evaporating to the tune of $114 million. Trading volumes of major coins? Nearly cut in half. Market sentiment has hit rock bottom.

But what's interesting—what are institutions doing? BlackRock's CEO revealed that some sovereign funds quietly increased their BTC holdings when it dropped to the $80,000 range. A major US bank even recommended, for the first time, that high-net-worth clients allocate 1%-4% of their assets to the crypto space. Even more striking, a Wall Street investment bank directly predicted that Bitcoin could hit $170,000 in the next 6 to 12 months.

There are also new policy moves. The recently passed Economic Crime and Corporate Transparency Act in the UK has taken effect, explicitly classifying crypto assets as legally protected property. Regulators have also stated that industry innovation exemptions will be introduced within a month.

My view? This wave of decline looks more like a technical correction caused by the clearing of high leverage, not a fundamental issue. Liquidity tightening combined with panic sentiment makes short-term pain inevitable. The key point is the Fed’s interest rate meeting this month—the market expects an 87% probability of a rate cut. If that happens, it could be a reversal signal.

My suggestion is to avoid high leverage and stick to allocating mainstream assets through compliant channels. Volatile periods are often a good time to position yourself in quality assets.