In the early trading of U.S. stocks on Tuesday, Bitcoin once rose above US$69,000 and hit a record high. However, capital profits poured out thereafter. A few hours later, Bitcoin fell back US$9,300 from the day's high, briefly falling below the US$60,000 mark in 24 hours. A drop of more than 10%.

Bitcoin fluctuated by nearly 10,000 US dollars in one trading day, causing digital currency investors to feel ups and downs. Some netizens vividly demonstrated the emotional changes of holders in just 6 hours:

Regarding Tuesday's fluctuations, some netizens said that this is a classic trend that follows technical analysis. Bitcoin hit an all-time high of $69,210, but reversed lower less than 2 minutes later. The new all-time high comes with a huge surge in trading volume, with $87 billion traded in the past 24 hours. Volume jumped 61%, and the price has since dropped by about $5,000. Greater fluctuations are expected in the future.

According to the X Platform account (formerly Twitter) "Bitcoin News," a large number of Bitcoins mined in 2010 appear to have been sold off after reaching all-time highs, leading to Tuesday's price correction.

Bitcoin ETFs listed in January this year set a new trading volume record of $10 billion.

Earlier on Tuesday, Bitcoin rose above $69,000, hitting a record high with an increase of 2.4%. It has gained 62.64% so far this year. Bitcoin drove digital currency concept stocks and Bitcoin ETFs higher. Cipher Mining rose 8.88%, Canaan Technology ADR rose 5.6%, digital currency exchange Coinbase rose 3.2%, BTCO rose 1.9%, APLD rose 1.8%, DEFI rose 1.5%, BTBT and BTCT rose 1.2%, HIVE rose 1.1%, BITO rose 0.9%, but Yibang International ADR fell 3.3%, Micro Strategy Investment fell 4%, and The9 City ADR fell 5.2%.

In late New York trading on Tuesday (March 5), the main CME Bitcoin futures BTC contract was at $63,955, down 6.99% from late New York trading on Monday, and was trading in the range of $70,195-60,120. The main CME Ethereum futures DCR contract was at $3,550, down 2.77% from Monday, and was trading in the range of $3,877-3,309.

Digital currency concept stocks and Bitcoin ETFs also turned lower, generally with larger declines. Among them, MicroStrategy Investment MSTR closed down 21.21%, Yibang International ADR fell more than 15.9%, mining giant Marathon Digital fell more than 13.4%, Hut 8 fell more than 10%, Riot Platforms fell more than 9.1%, and The9 ADR fell more than 8.6%, IBIT, BITO, HODL, FBTC, BRRR, EZBC, DEFI, BTCO, BTCW, BITB, ARKB fell 8.62%-8.48%, digital currency exchanges Coinbase and Bit Digital fell about 5.4%, HIVE fell about 5.3%, Internet celebrity brokerage Robinhood fell more than 4.2%, Block fell more than 3.3%, and Canaan Technology ADR ended flat.