The decline in Bitcoin's price below $70,000 can be attributed to three key factors. Firstly, significant liquidations at levels like $72,000, $69,000, and $66,000 indicate strong selling pressure, driving the price down as leveraged positions are forcibly closed. Secondly, the recent outflow of $64.93 million from U.S. ETFs tracking Bitcoin suggests a shift from accumulation to profit-taking or risk reduction among investors. Grayscale's GBTC led with a $40 million outflow, followed by other major ETFs. Lastly, despite a 19-day streak of net inflows totaling over $4 billion, indicating institutional interest, a general decline in market enthusiasm hints at profit-taking and a shift in sentiment, particularly after an extended period of positive inflows.click the link to claim free USDT 🎁🎁