Why did the price of Bitcoin fall in the past two days? The main reasons are as follows:

1. The German government sells off seized Bitcoin:

The German government has begun selling 50,000 Bitcoins seized from the operator of Movie2k.to, and has sold 3,000 so far. This move has triggered market concerns about a large-scale sell-off, which in turn affects the price of Bitcoin.

2. Bitcoin ETF fund outflow:

Bitcoin spot ETF has seen net outflows of funds in the past 7 days. Some investors may be withdrawing from the Bitcoin market, negatively affecting market sentiment.

3. Geopolitical risks:

The Middle East war between Israel and Arab countries, as well as tensions between Russia and NATO, may have an impact on global financial markets. These geopolitical risk events may trigger investors' risk aversion, leading to capital outflows from risky assets such as Bitcoin.

4. Mt. Gox compensation pressure

Mt. Gox is expected to make its final compensation in October. A large number of Bitcoins may be sold to raise compensation funds, which will put downward pressure on market prices.