Bitcoin could fall by 30-70% due to suspension of infusions from institutional investors
After a rapid increase in asset prices, a correction is expected.
In recent months, the cryptocurrency market has shown significant growth, which was not least due to the launch of Bitcoin ETFs. The SEC's approval in January served as a signal for companies to buy, which the latter rushed to take advantage of.
In a relatively short period, significant funds amounting to tens of billions of dollars were poured into the crypt. Among the main institutional investors is, in particular, the famous Black Rock, with contributions amounting to more than 13 billion.
However, this week Black Rock, having assessed the state of the market and its own financial situation, decided to suspend the purchase of BTC. This served as an additional incentive to stop the rise in digital gold that could be seen this month.
Many professional participants in the cryptocurrency community have suggested that it is possible to see a significant drawdown in the price of BTC in the near future.
