Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
#美联储人事与宏观政策影响 Bitcoin's recent trend has clearly weakened. From January 28 to January 31, Bitcoin declined by approximately 15% in total, with a single-day drop of 10% on January 31, triggering over $2 billion in long contract liquidations. During this period, the price dipped as low as approximately $75,600, breaking below the average cost basis of US Bitcoin ETFs at around $84,000, and approaching the annual low point formed in April 2025 at about $74,400. Currently, approximately 46% of Bitcoin supply is in unrealized loss.
I believe Bitcoin may further decline toward the supply gap bottom near $70,000, and even test the 200-week moving average at around $58,000 and the realized price at approximately $56,000 in the coming weeks to months. The above range has historically corresponded to cyclical bottoms.