Golden Finance reported that cryptocurrency exchange BloFin warned that Bitcoin prices face high downside risks due to current market liquidity levels. The platform predicts that liquidity levels in the cryptocurrency market will remain low for the foreseeable future as investors increasingly favor risk-free assets. BloFin said this was due to the Fed's decision to withdraw some liquidity from the market during the sale of Treasury bonds, pushing up yields. As a result, the value of safe-haven assets such as gold, silver and the US dollar index (DXY) has risen sharply due to increased investor demand. In addition, the impact of market makers on price stability is weakening, and Bitcoin prices face significant resistance at the $63,000 level, while there is a lack of significant support below this price target. BloFin analysts said that the demand for gold from central banks around the world is also rising, and gold prices remain high driven by demand. In contrast, the price movements of risky assets are now more affected by hedging behavior. Therefore, the liquidity level of high-risk assets such as Bitcoin is low, which has a negative impact on their price movements. BloFin analysts concluded that despite the slight increase in the butterfly index, investors should remain cautious about potential systemic market risks.