👀 3 reasons for the latest decline in the cryptocurrency market

1. Miners' profitability has decreased by 55%, forcing them to sell more BTC to cover expenses + more BTC is transferred from miners' wallets to exchanges, which can put pressure on prices and often indicates sales.

2. There are no new issues of USDT and USDC, which means less new funds entering the market, which can reduce liquidity and increase price volatility.

3. The outflow of funds from spot ETFs such as Fidelity and Grayscale is also affecting, and this creates pressure on BTC sales.$BTC $ETH $BNB