🐻📉 Why did the market take another tumble? It all started when BTC struggled to maintain its position above $67K, leading to a drop below the $65K mark and dragging the entire market down with it. 😔
📉 The primary reason for this setback is the capital outflow from ETFs, particularly with a notable $120.6 million recorded in minus for one ETF. Additionally, Grayscale's continuous BTC sales totaling $130 million contributed to the decline. 😞 On top of that, the arrest of Keonna Rodriguez, the head of Samourai Wallet, by the US Department of Justice added to the market's unease. 🚨
🗣 However, much of this market movement can be attributed to post-halving uncertainties. The market is currently craving catalysts for movement, meaning even minor local news could trigger reactions from BTC in the near future. 📰⚡
Stay informed and keep an eye out for any developments as the market navigates through these uncertain times! 🚀💰 #BTC #ETH #BNB