🇻🇳🇻🇳 whale has withdrawn more than 1 billion usdt, will $BTC continue to decrease to 60k?

According to data from cryptoquant, in the past two weeks, bitcoin whales have sold 1.2 billion USD, pushing the market into a state of sell-off. What is worrying is that long-term holders and even my new ones are also selling out. Three reasons led to this sell-off.

First, miners gradually turned to AI because the biggest reason was that the bitcoin mining reward was halved after halving while the AI ​​spy segment was full of potential, so they sold bitcoin to reinvest, creating pressure. selling force in the market.

Second, ETF cash flows are lacking. $BTC ETFs in the US recorded capital withdrawals of more than $600 million last week, showing a decline in confidence from institutional investors.

The third reason is that the dollar is on the rise again, as the dollar's rise makes assets like bitcoin less attractive.

All of the above factors cause the market to lack growth motivation, making it difficult for #bitcoin to shine in the short term.

Advice for investors at this time is to be very cautious when the price of bitcoin is falling sharply. Instead, closely monitor market developments and manage risks effectively. Many experts warn that If there is no new growth motivation, it is likely that bitcoin will fall deeply to the $60k mark.

What do you think about this information? Please give me a comment. Wishing you success.