#加密市场回调

The crypto market is now moving past uncertainty and into acceptance. This correction is no longer debated as a “maybe” — it’s being treated as a controlled reset rather than a collapse. Downside momentum appears limited, with a potential base forming in the $60,000–$70,000 BTC range.
On February 2, selling pressure continued across risk assets. Bitcoin dipped near $74,600, Ethereum slid to around $2,160, and SOL broke below $100 for the first time in roughly 300 days. At the same time, traditional safe havens also weakened — gold and silver pulled back sharply, while U.S., Japanese, and Korean equity markets declined in sync. This highlights a broader risk-off environment rather than crypto-specific panic.
One major driver behind the drop is believed to be temporary structural selling. Certain centralized platforms accumulated large asset positions during earlier events and are now gradually releasing supply through algorithmic selling. While this has increased short-term pressure, many expect it to be mostly absorbed by late February, reducing its long-term impact.
Importantly, this cycle looks different from past crashes. There was no extreme euphoria or blow-off top, making a 70% drawdown unlikely. Instead, the market is correcting in a more measured way — both in speed and depth. For many long-term investors, the $60K–$70K zone is already being viewed as an early accumulation area, not a final bottom.
Views on the bigger picture remain divided. Some believe the 2023–2025 bull cycle has ended and that the market may enter a prolonged consolidation phase lasting into mid-2026 or beyond. Others remain confident the bull market is simply pausing, arguing that strong fundamentals and macro tailwinds could still extend the cycle.
From a trading perspective, professionals are staying adaptive. Dip-buying is happening, but so is fast risk reduction when conditions worsen. Capital preservation and flexibility are clearly taking priority over aggressive positioning.
Overall sentiment is cautious, not fearful. The market isn’t celebrating — but it isn’t surrendering either. Most participants see this phase as a slow, healthy reset, with future recovery expected to be steadier and more sustainable rather than explosive.