Bitcoin couldn't hold on any longer and started to gradually decline and test the bottom! The price has fallen below 80,000, with the next target price at 77,000. Why can't BTC remain unaffected? Is the bull market over? I'll start with the most key points, followed by a more in-depth analysis in the weekly market report. (1) The yields on 10-year and 30-year US Treasury bonds are above 5%, and global liquidity is being drained. (2) Expectations of interest rate hikes are forcing a strong dollar, further exacerbating the market liquidity crunch; (3) $2.6 billion worth of BTC flooded into exchanges in a single day. ETFs are accelerating their withdrawal.