The Economic Daily published an article highlighting the risks of Bitcoin investment, with experts calling for a rational approach to market fluctuations

ChainCatcher news, according to Jin10 data, an article from the Economic Daily states that recently, the price of Bitcoin has continued to rise, once reaching $99,000 per coin, setting a new historical record. Yu Jianing, co-chairman of the Blockchain Committee of the China Communications Industry Association and honorary chairman of the Hong Kong Blockchain Association, stated that in the short term, Bitcoin may seek new support or resistance levels amid fluctuations, while in the medium to long term, its price direction will depend on multiple factors such as global liquidity, economic outlook, and regulatory attitudes.

Yu Jianing analyzed that due to the relatively dispersed funding of crypto assets, the market is easily manipulated by large amounts of capital, leading to "dumping" or "pumping" behaviors, which in turn trigger irrational actions from retail investors.

"Overall, as the popularity of Bitcoin and the cryptocurrency market increases, new risks and uncertainties also rise. Investors should respond to the current market with a rational and cautious attitude, closely monitor regulatory dynamics and market changes, and avoid blindly following trends," reminded Zhao Wei, a senior researcher at the OKX Research Institute.