Why the Market Fell Again

Yesterday, BTC failed to sustain levels above $67,000, leading to a drop below the $65,000 mark and triggering a market-wide decline.

📉 Firstly, this retracement is linked to capital outflows from ETFs. The previous day saw an outflow of $120.6 million from ETFs, with BlackRock's ETF recording zero inflow for the first time. Additionally, Grayscale continued selling BTC, totaling $130 million. These factors contributed to the cryptocurrency's decline.

🗣 Moreover, the arrest of Keonna Rodriguez, the head of Samourai Wallet, by the US Department of Justice added to market uncertainties and further influenced the downward movement.

💬 However, a significant portion of this market movement stems from post-halving uncertainties. The market currently requires catalysts for significant movements, implying that BTC may react to even minor local news in the upcoming days.#BinanceLaunchpool #bitcoinhalving #BullorBear #bitcoin #BTC