On October 22, Bitcoin experienced a severe price correction, dropping to $67,447, with a minimum plunge to $69,519, marking a single-day maximum decline of nearly $3,000. This price fluctuation may be related to the latest statements from billionaire Elon Musk. Musk stated that he is not actively participating in the cryptocurrency market and has avoided important discussions regarding blockchain. Additionally, Tesla has moved its entire $765 million Bitcoin holdings to an unknown wallet address. At the same time, cryptocurrency gateway company Transak disclosed a data breach affecting over 92,000 users in the European and American cryptocurrency circles. The Federal Reserve also called for the U.S. government to tax or ban Bitcoin to maintain the deficit. These combined factors may be the reason for the significant correction in Bitcoin's price.