There are many negative factors for BTC at present, and some factors of market selling pressure are:
1. Mt.Gox liquidation sale: just like the supermarket near your home suddenly closes and has a big sale, it will definitely affect the business of other nearby businesses.
2. The government starts selling coins: imagine that the government suddenly decides to sell the gold stored by the country, which will definitely cause a sharp drop in the price of gold.
3. Changes in the Fed's policy: just like your parents suddenly change your pocket money rules, it will definitely affect your consumption habits.
4. Miners start selling coins: this is like farmers are afraid of falling food prices, so they quickly sell all the food they have stored, which causes a surplus of food in the market and the price really falls.
5. The impact of the US election: just like you are running for a new monitor in your class at school, different candidates may formulate different class rules, and everyone is waiting to see whose class rules are better.
6. International tensions: it's like the class next door quarrels with your class, everyone is nervous and dare not act rashly.
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