Bitcoin fell to its lowest level since early May, touching 98,000 yuan.

From the evening of the 13th to the early morning of the 14th, the Bitcoin market continued its downward trend, with prices further declining, briefly breaking through a key psychological level and reaching their lowest level since early May.

The intraday drop reached 2.6%, hitting a low of $98,000.4 per coin, indicating that bearish forces still dominate in the short term.

This decline was not an isolated event; it was the result of multiple intertwined factors: on the one hand, increased global macroeconomic uncertainty and market concerns about tightening liquidity put pressure on all risk assets, and Bitcoin was no exception;

on the other hand, recent on-chain data shows that a large number of early profit-takers are closing out their positions, creating significant selling pressure on the market.

Furthermore, after the price broke through the important support level of $100,000, it triggered automatic sell orders from some quantitative strategies, amplifying market volatility to some extent.

Current market volatility is significantly increased, and both short-term trading and long-term holding face high uncertainty.

Therefore, we once again solemnly remind all investors: please pay close attention to market dynamics and policy trends, and reasonably assess your own risk tolerance. We recommend adopting a prudent strategy of phased investment and setting stop-loss orders, and avoiding blindly chasing highs and lows.

The market is never short of opportunities; protecting your principal is the primary priority in navigating bull and bear market cycles.