The cryptocurrency market continued its broad decline today (February 5th), with market sentiment extremely fragile. Specifically: Performance of mainstream coins: Led by Bitcoin, which dropped below $72,000, reaching a new low of approximately 15 months. Ethereum (ETH) also plummeted, with a decline of over 4% in the past 24 hours, struggling in the $2,100 - $2,200 range. Large-scale liquidations: Intense price fluctuations triggered over 140,000 liquidations in the past 24 hours. Macro and regulatory impacts: The market decline was partly influenced by U.S. Treasury Secretary Yellen’s comments that “Bitcoin will not be rescued,” which heightened investor panic and helplessness. However, there are also some positive signals from regulators, as a closed-door meeting of U.S. Senate Democrats suggested that the push for crypto legislation is “far from over.”