Germany sells off BTC again, causing the price of BTC to fall to $57,230

Bitcoin suffered a Waterloo, and the five major driving forces behind it were revealed🔥🔥

1. Spot ETF fund withdrawal tide: Funds retreated like a tide, and BTC ETF was not spared and suffered a huge impact! Market giants sold millions of dollars of Bitcoin, and the losses were shocking. 🚀

2. Liquidation storm swept: The liquidation volume rose sharply, from 14 million yesterday to 36 million today. This speed is staggering, and the market pressure has doubled. 🚀

3. Selling tide under the plight of miners: As the hash rate drops, the mining income drops sharply, and miners face a survival crisis and have to reluctantly sell BTC to maintain operations. 🚀

4. Rumors of government selling stir up the market: The German government's selling action caused panic in the market, and investors sold Bitcoin in advance to avoid being locked in. 🚀

5. Market sentiment has taken a sharp turn for the worse: Market sentiment indicators have turned pessimistic across the board, red alerts are frequently seen on the charts, the bullish enthusiasm of the past has disappeared, and the market is shrouded in a haze. 🚀

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