🚨🆘 Reasons Revealed behind Last Week Crypto Market Plunge 🆘🚨
👉🏻German Government Sales: Continuous liquidation of seized Bitcoin by Germany adds to market instability, with recent transactions exceeding $300 million.
👉🏻New Investor Sell-Off: Fresh investors, attracted by ETF and halving prospects, sell amid current market turbulence.
👉🏻Overleveraged Positions: Liquidation of risky positions intensifies, exerting downward pressure on Bitcoin.
👉🏻Mt. Gox Repayment Concerns: Anxiety mounts over the impending $9 billion Bitcoin and Bitcoin Cash repayment to Mt. Gox creditors, contributing to market uncertainty.
👉🏻ETF Hype Fades: Initial excitement about Bitcoin ETFs diminishes, leading to sell-offs and price declines.
😱Market Reaction: Bitcoin drops to $53,500 with increased trading volumes and reduced open interest, signaling heightened market volatility.
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