🚨 Why #Bitcoin Took a Dive: Unpacking the Latest Drop 📉

In the last 24 hours, #BTC has seen a significant dip, and here's the scoop on why:

•Economic Signals: The S&P 500's worst day since August reflects broader economic concerns, impacting investor confidence in cryptocurrencies. 📉💼

•Legal Heat: The DOJ's subpoena to #NVIDIA for antitrust issues might be shaking up tech investors, spilling over into crypto markets. 🕵️‍♂️⚖️

•ETF Sell-Off: Bitcoin ETFs unloaded 5100 $BTC , worth a staggering $288M, contributing to the downward pressure. 📉💰

•Market Cycles: Observers on X note this could be mirroring patterns from July and August - a dump, followed by consolidation, then a potential pump. 🔄🚀

This cocktail of events has led to a classic 'dump' scenario in the #crypto world. But remember, after the storm often comes the calm, and possibly, a rise. Will Bitcoin follow the script?