The current main reason for the decline in the price of Bitcoin is the massive selling by institutions and large investors (known as whales), which led to a significant decline in the market. The market is also under pressure due to the increase in bond yields, which negatively affects the liquidity directed to high-risk assets such as cryptocurrencies. In addition, the decline in demand from investment funds for Bitcoin via ETFs has played a role in this decline.
For a deeper analysis of the market, it is advisable to follow economic news and market movements continuously.
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