The price of BTC has fallen below the drop caused by the trade war in April last year. Not only that, but also because Trump is running for president. He wants to use Bitcoin as a strategic reserve and the lowest price since the United States became the cryptocurrency capital. At the time of the trade war, he somehow knew the reason, but this time it should be that the liquidity is really poor, which will lead to a large amount of underweight if there is a slight disturbance. Of course, the US stock market is also falling today, and it only fell after the opening. The trend of CME's US stock futures before trading was still good, which indicates that at least Asian and European investors did not sell too much in the main trading time zones. Moreover, the US stock market rose at the beginning of the opening and then fell all the way. I don't know if it is due to pessimistic expectations about the US government shutdown. Other than that, what I can think of may be the geopolitical conflict between Iran and the United States, but it doesn't feel very similar. However, I will know tomorrow. As of now, the House of Representatives is voting on appropriations. If it passes, it is highly likely that the shutdown will end. If it is due to the shutdown, there should be a rebound after it ends, but if not, it may be even more troublesome. Looking back at the data of Bitcoin, the actual turnover rate is not very high, which means that the market has not entered a panic phase, and the turnover is mainly for short-term investors. Early investors did not show any obvious signs of leaving, which means that the selling of funds is not very high. The biggest possibility of such a sharp decline is that the liquidity is too poor and the buying volume is too small. I will check the data tomorrow during the day to find out. Now, many of them are really bad. Let's slowly eliminate the reasons. Just after seeing the end of the lockout, the House of Representatives voted and passed, they immediately sent it to Trump for signature to see if the market can stop falling. The current chip structure is relatively normal, and it is evident that there have been no large-scale changes in the chips. However, the US stock market is still falling, and currently the Nasdaq has fallen by 2.5%. If it is really just due to the shutdown, then it will be simple. @bitget VIP， Lower rates and more generous benefits