The Defiance Daily Target 1.75x Long MSTR ETF (MSTX) closed down 2.27% at $43.08 on January 10th, as Bitcoin faced significant headwinds, dropping to $91,200 amid strong U.S. economic data. The robust economic performance, particularly in the services sector and labor market, has diminished hopes for aggressive Federal Reserve rate cuts in 2025, leading to a stronger U.S. dollar and higher Treasury yields. This environment has triggered substantial liquidations in the crypto market, with over $390 million in total crypto liquidations in the last 24 hours, including $54 million in Bitcoin positions. Additionally, the U.S. government's planned liquidation of 69,370 Bitcoins seized from the Silk Road marketplace has added to market uncertainty. Despite the downturn, analysts maintain a bullish outlook, with Standard Chartered predicting Bitcoin could reach $200,000 by the end of 2025.