#比特币价格分析与趋势 Trump’s market now looks like a "paper tiger," with the surge at the beginning of the year completely wiped out, which is quite outrageous. Bitcoin dropped from the high of $126,000 all the way down to around $90,000, and Ethereum fared even worse, dropping by 40%. The key point is the wave of crashes in October, with $19 billion liquidated—this number makes my scalp crawl.

Honestly, no matter how "pro-crypto" the government is, they can't withstand the tariff wars and leverage liquidations. These fundamental issues are right here. Some say this is a normal four-year cycle correction for Bitcoin, while others are shouting that the "crypto winter" is coming. However, the big players at BlackRock and Coinbase are still saying institutional funds are continuing to flow in, so whether this drop is just a shakeout or a real collapse, I still have some doubts.

It all depends on whether it can stabilize at the $90,000 level. If it continues to fall further, that would be a real warning sign.