Analysis: Bitcoin may face a sharp sell-off, potentially dropping to $55,000.

Amidst continued capital outflows and overlapping macroeconomic risks, the crypto market may experience a more severe decline. Analyst Samer Hasn points out that Bitcoin has ended its previous consolidation phase and entered a new downward cycle. Tariff uncertainty and tightening liquidity have created a "toxic combination," accelerating the withdrawal of funds from the crypto market. If selling pressure persists, Bitcoin may face a "sharp sell-off," with prices potentially falling to the $53,000 to $55,000 range. Furthermore, on-chain data shows that US spot ETFs have reduced their holdings by approximately 100,000 BTC since their cycle high in October last year, reflecting a trend of institutional risk-averse movement. The number of active addresses has fallen below normal levels, indicating continued capital contraction and a predominance of losses, suggesting weakening market confidence and participation. (The Block)