#比特币跌破六万五美元 Crypto research firm 10X Research indicates that Bitcoin may experience a brief counter-trend rebound or consolidation next, but could still hit new lows this summer. The firm's research director, Markus Thielen, estimates that Bitcoin could potentially drop to as low as $50,000, or even fall within the $40,000 to $50,000 range. This week's selling pressure in the crypto market was mainly driven by the sell-off of Bitcoin spot ETFs, a sharp decline in prices triggering a wave of forced liquidations, and the spillover effects from the sell-off of software stocks, further intensifying market volatility. However, some investors stepped in to buy, causing prices to rebound quickly in a short period. Currently, most market participants remain cautious about whether the bottom has already been reached.