$BTC has been continuously declining in a straight line these days, a bear market is nothing more than this, and the reasons are as follows:
1. Federal Reserve Chairman's hawkish speech: The expectation for interest rate cuts next year has changed from four times to twice, and the Federal Reserve has no intention of holding Bitcoin, that is a matter for Congress (don't misinterpret this)
2. The cb exchange has delisted the WBTC trading pair (1:1 Bitcoin)
3. USDT has been removed by several European exchanges, replaced by the Euro, leading to decreased liquidity!
4. Early investors in BTC making huge profits, investors cashing out and leaving
5. The fundamental reason: the market needs to cool down and slow down, exchanges need to liquidate long positions, and capital and institutions need to harvest retail investors!
So a bunch of reasons are used to heat things up, leading retail investors to follow the trend and exit!
In the massive drop on the afternoon of the 20th, $1000SATS shows a strong support bottom range, you can build a position in spot trading to buy the dip, gamble a bit and turn a bicycle into a motorcycle! Seeing this news of buying the dip, doubling your investment isn't a dream, in my personal opinion! Remember to thank me for the profits 😂#加密市场回调
