最新报道:Bitcoin's recent pullback, marked by a $19 billion leverage washout and cooling ETF demand, has pushed the cryptocurrency into a critical zone between $108,400 and $117,100, where over 5% of supply is held at a loss. Analysts attribute the sell-off to structural issues like excessive leverage rather than fundamental weaknesses, with Glassnode warning that a sustained break below the range could signal deeper contraction. While K33 Research notes such deleveraging often aligns with market bottoms, uncertainty from trade tensions and profit-taking by long-term investors may slow institutional inflows, though a supportive backdrop could aid a rebound if ETF buying resumes.