Analysis: After Bitcoin fell below the $63,000 mark, the crypto market may face a longer period of volatility.

Bitcoin briefly fell to around $62,700 before stabilizing at approximately $63,200, a daily drop of about 3.4% and a weekly decline of nearly 7%. The total market capitalization of the crypto market fell back to approximately $2.25 trillion, indicating overall pressure on the sector. Several analysts pointed out that this sell-off was more like a leveraged liquidation and tactical retreat than a complete collapse of long-term faith. Short-term holders faced concentrated liquidations, with hundreds of millions of dollars in positions forcibly closed, funding rates turning negative, and open interest continuing to decline; on-chain signals indicate that some long-term holders are still holding coins or quietly increasing their holdings. Researchers at Presto Research stated that Bitcoin's drop below $63,000 was more due to a loss of overall confidence than a single event. At the macro level, factors such as uncertainty surrounding US tariffs, geopolitical tensions, and weak housing data combined to reinforce risk aversion. In contrast, traditional markets showed greater resilience, while the crypto sector faced more pronounced liquidity contraction and deleveraging issues. The current market is in a critical equilibrium range. If the $60,000–$63,000 range holds, coupled with oversold correction and short covering, a short-term rebound may occur. However, a decisive break below this range could trigger a new round of liquidation and test the holding intentions of long-term investors. The market is closely monitoring sentiment indicators, ETF fund flows, and global risk asset movements to determine the next direction. (Crowdfundinsider)