Three analysis why $BTC #bitcoin experienced a decline

1️⃣Profit Taking and US Inflation: There are indications that investors are taking profits, especially with the spotlight on US inflation data this week. This suggests that the decline may be due to investors taking profits after the previous rally, amid global economic uncertainty and upcoming US inflation data.

2️⃣Liquidation of Crypto Positions: There are reports that over $1.5 billion in crypto positions were liquidated in the last 24 hours after Bitcoin hit a high before falling from $100,000. This suggests that the price decline could also be due to mass liquidation of leveraged positions in the crypto market.

3️⃣Bitcoin's daily sentiment is described as "ugly" due to falling Chinese inflation data, a slight increase in RRP (Reverse Repo Program) data, and a lack of economic data from the US that may not provide clear clues on the direction of the economy. However, it was also mentioned that in terms of big data, there is nothing to get excited about, suggesting that this decline may be temporary or a reaction to daily market dynamics.