Bitcoin price fell 3.6% in the last 24 hours to below $57,000. Weekly losses exceeded 4%. 📉 During the same period, S&P 500 increased by 2% and NASDAQ increased by 0.6%.

The reason for the decline may be the transfer of 10K BTC from the US Government wallet to Coinbase Prime. In addition, BitGo's transfer of $2 billion worth of Mt. Gox BTC increased the selling pressure.

This decline led to a liquidation of $200 million in the derivatives market. ETH derivatives traders were the most affected with losses of $70 million.