Golden Finance reported that on July 5, Bitcoin fell below $54,000, and the Fear and Greed Index fell to 29, the lowest point since the beginning of 2023. The market selling pressure came from the sale of seized Bitcoin by the German and US governments and the refund of Mt. Gox. Rachel Lin of SynFutures pointed out that the selling pressure is difficult to ease in the short term, and Mt. Gox users are expected to sell on a large scale. Markus Thielen of 10x Research lowered the Bitcoin price target to $50,000, believing that August and September are challenging months for Bitcoin, but if the Federal Reserve cuts interest rates in September, Bitcoin may rebound.