Report: Bitcoin Undergoing Healthy Correction, Yet Market Volatility Persists

According to a report by Jinse Finance, the latest market report indicates that Bitcoin is experiencing its first major correction since the low point in April, after previously surging 50% from $74,501 to a historic high of $111,880, before pulling back. This correction reflects a change in market rhythm, following nearly 50 days of continuous gains with minimal pullbacks. This correction is not merely technical but occurs under significant macroeconomic pressure after the unexpected reinstatement of tariffs by the U.S. government, leading to the 30-year U.S. Treasury yield breaking 5%, and amid heightened risk aversion. Despite the pullback, Bitcoin's structure remains strong, and this correction seems to be a healthy reset rather than a collapse, driven by deleveraging and profit-taking following one of the strongest recoveries in cryptocurrency history. Additionally, the cryptocurrency industry may also undergo significant developments in the corporate, regulatory, and even global financial sectors.