According to ChainCatcher's message, 10x Research has released a research report, in which 10x stated that it had warned on December 20 last year that Bitcoin could come under pressure due to global liquidity tightening and interest rate hikes by the Federal Reserve, especially after MicroStrategy was included in the NASDAQ 100 index, leading to a more cautious market sentiment.

Yesterday, the Bitcoin price broke through the critical 95,000 USDT support level and fell below 92,000 USDT, triggering a massive liquidation of 467 million US dollars. Technically, Bitcoin has formed a diamond top pattern, suggesting that the price may test the 73,000 USDT range, which is in line with the previous summer's volatility range.

In the short term, the market may face further adjustments, especially as short-term holders have already incurred losses. However, based on historical trends, Bitcoin prices usually rebound when they reach around 73,000 USDT. While the long-term outlook remains positive, investors should pay attention to the Federal Reserve's policy changes in 2025, particularly the potential shift in March.