$BTC #JUP 💰💰BITCOIN'S DOWNWARD MOVEMENT CONTINUES💰💰

The reason for Bitcoin's decline has been revealed: Here is the biggest reason

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Three major reasons stand out for Bitcoin's retreat to $62,500 today. First, this week is the most critical week of the first quarter for all markets. The fact that the central bank in Japan will increase interest rates for the first time in 17 years and that the US Federal Reserve will announce its interest rate decision creates uneasiness in the markets. Since investors tend to avoid risk against possible future announcements, there is selling pressure in risky assets such as Bitcoin.

Secondly, outflows in Bitcoin ETFs have been effective. Outflows in the Grayscale Bitcoin ETF were particularly decisive in this decline. Although inflows were recorded in the BlackRock Bitcoin ETF, outflows in the Grayscale ETF were effective.

Third, blockchain data shows that spot investors are losing interest in purchasing Bitcoin. The waning buying pressure from major investors is draining the strength of the rally and means some whales are opting to sell where Bitcoin reaches a new high.