There are 2 reasons for the recent sharp decline in Bitcoin
1. Yesterday, the US government sold 30174.7 BTC, worth US$2 billion
2. Yesterday, Bitcoin spot ETF had a net outflow of US$88 million, of which IBIT had a net inflow of US$164 million, Grayscale had a net outflow of US$303 million, etc.
However, the BTC halving is about to start. After the short-term adjustment, Bitcoin will definitely return to more than 70,000 and hit a new historical high. Cherish the opportunity to get on the train before the halving.
