Golden Finance reported that Bitfinex released a report saying that Bitcoin failed to hold the key support level of $65,580, and the total liquidation in the past 24 hours reached $1.16 billion, mainly affecting long positions. Despite bearish market sentiment and sharp declines in Japanese and US stock markets, prices are expected to rise slightly to the $55,000 area. However, the overall market direction will depend on macroeconomic factors. Affected by economic and political developments, widespread market instability is affecting cryptocurrency and traditional financial markets. The recent turmoil in the Japanese stock market and losses on Wall Street highlight the interconnectedness of global markets. Bitcoin's correlation with traditional financial markets is increasing, and if the stock market continues to fall, Bitcoin is expected to face continued downward pressure.