**[Analysis: Bitcoin May Face "Severe Stampede" Down to $55,000]** Odaily Planet Daily News – Amid continuous capital outflows and compounded macro risks, the crypto market may experience a more severe downturn. Analyst Samer Hasn pointed out that Bitcoin has ended its previous consolidation phase and entered a new downward cycle. Tariff uncertainties and liquidity tightening have formed a "toxic combination," accelerating capital withdrawal from the crypto market. If selling pressure persists, Bitcoin's price may drop to the $53,000–$55,000 range. Additionally, on-chain data shows that since the peak of the cycle in October last year, U.S. spot ETFs have reduced their holdings by approximately 100,000 BTC, reflecting a trend of institutional risk-off behavior. The number of active addresses has fallen below the normal range, indicating sustained capital contraction, with unrealized losses dominating, showing weakened market confidence and participation. (The Block)