#比特币价格走势分析
Reasons for the recent market decline 🧐🧐🧐
1. Recently, the U.S. Department of Justice was authorized to sell Bitcoin seized from the dark web market 'Silk Road', which is also one of the reasons for the decline.
2. Some institutional investors have significantly sold off Bitcoin and other crypto assets, increasing market selling pressure and further pushing prices down.
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3. The market leverage ratio is close to historical highs, increasing market fragility. Once prices decline, forced liquidations in leveraged trading will exacerbate the downward trend.
4. The continuous appreciation of the U.S. dollar has led to a contraction in global money supply, which is unfavorable for the price performance of Bitcoin and other crypto assets.
5. Tensions in regional situations have escalated, increasing uncertainty in the market, leading to a rise in investors' risk-averse sentiment, which puts pressure on Bitcoin and other risk assets.
6. Recent U.S. non-farm payroll data was below expectations, raising concerns about economic recession, resulting in a decline in global capital markets, which also affected the cryptocurrency market.