Some people analyzed that the plunge was caused by the panic selling due to the war between Iran and Israel.

Some people analyzed that Hong Kong was going to withdraw from the Bitcoin and Ethereum ETFs. Now the market is being smashed so that it can be pulled up next week.

Some people analyzed that it was an article written by a big V and concluded that miners sold $5 billion worth of Bitcoin. So it caused panic selling.

I think there is only one possibility for the first point of view, that is, Israel sells Bitcoin to buy weapons. After all, Israel needs to spend $300 million a day in the Israeli-Palestinian war. So much money is burned. Now Iran joins the war and drags the Americans into the water. Netanyahu may be re-elected. It is not too much to sell some Bitcoin.

The above is my conjecture. Generally, when a war comes, safe-haven assets such as gold and Bitcoin will appreciate, so it is highly likely that it has nothing to do with Israel.

I believe more in the second one, the fist-holding action before doing something, a powerful blow, and a full critical hit. If Hong Kong really launches a Bitcoin ETF, maybe Bitcoin can really reach $80,000 before the halving.