- Traders need cash again, leading to liquidation of long positions worth hundreds of millions of dollars - Fatigue with BTC movement that seems difficult to break $98k - Outflow from ETFs, indicating a decline in short-term institutional interest - US employment factors, which are suspected to hold back interest rate cuts - Geopolitical situation ( can you explain what this is )
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$BTC
5 Causes of BTC Drop Today
- Traders need cash again, leading to liquidation of long positions worth hundreds of millions of dollars
- Fatigue with BTC movement that seems difficult to break $98k
- Outflow from ETFs, indicating a decline in short-term institutional interest
- US employment factors, which are suspected to hold back interest rate cuts
- Geopolitical situation ( can you explain what this is )