🚨 𝗪𝗵𝘆 𝗶𝘀 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗱𝘂𝗺𝗽𝗶𝗻𝗴? 🚨

And there are 5 reasons behind it:

1️⃣ Outflow

BTC ETF saw outflows again on the 3rd of July.

The same goes for some altcoins. Today one crypto whale sold millions of dollars on them at a loss.

According to Lookonchain:

◾ LDO - 3.13M, $5.77M

◾ AAVE - 49K, $4.54M

◾ UNI - 269K, $2.41M

◾ FXS - 250K, $708,000

That made the drop: LDO(-13%), AAVE(-8%), UNI(-5%), FXS(-11%).

2️⃣ Liquidations

Yesterday the liquidations on BTC reached $14M.

Today this number is $36M.

That triggered sell-offs and dropped the BTC price.

3️⃣ Miners

The hash rate is still down. Miners are extremely underpaid.

That's why most of them sell BTC and move to other PoW tokens.

Or sell tokens to maintain their BTC miner.

4️⃣ Germany government

The same story... During the last few days, they've been moving BTC all around.

They might not sell coins, but people are already afraid. And started to sell first

5️⃣ IFP

Bitcoin is still in its negative zone according to this chart.

When it turns red - a bearish mood starts on the market. When it becomes green - bullish

How does the chart understand the color of the market? It measures Bitcoin flows in spot and derivative exchanges