Svmuu News: Against the backdrop of continued capital outflows and mounting macroeconomic risks, the crypto market may face a more severe downturn. Analyst Samer Hasn notes that Bitcoin has ended its previous consolidation phase and entered a new downtrend.Tariff uncertainties and tightening liquidity have formed a “toxic combination” that is accelerating capital outflows from the crypto market. If selling pressure persists, Bitcoin may face a “severe sell-off,” with prices potentially dropping to the $53,000 to $55,000 range.Additionally, on-chain data shows that U.S. spot ETFs have reduced their holdings by approximately 100,000 BTC since the cycle high last October, reflecting a trend of risk aversion among institutions. The number of active addresses has fallen below the normal range, with realized capital continuing to contract and unrealized losses dominating, indicating weakening market confidence and participation. (The Block)