[Analyst: Macro Pressure Combined with Leverage Liquidation, Bitcoin Downtrend Continues] According to a report by Jinse Finance, in the past 24 hours, Bitcoin accounted for over 40% of approximately $650 million in crypto asset liquidations, highlighting the pressure in the derivatives market. Some analysts have noted that as Bitcoin underperforms compared to traditional inflation hedging tools like gold, long-term holders are reducing their positions. Market participants generally believe there is still room for further decline, with several individuals pointing out that if the adjustment phase continues, Bitcoin may test the $60,000 level.