Analyzed several possible reasons for the decline:

1. Binance transferred 30,000 BTC internally, but there were actually 130,000 BTC. Although it was just a transfer, it caused some panic

2. Binance froze the crypto assets of Palestinian users at the request of the Israeli authorities, causing panic among Middle Eastern users

3. The ARKB Bitcoin spot ETF outflowed more than 100 million US dollars, setting the largest outflow record in the history of the fund. The outflow of ETFs is one of the reasons for the market panic

4. September is the month when summer ends and autumn begins. After experiencing the market downturn in the summer, investors may begin to re-evaluate their investment portfolios, leading to greater market volatility

5. This BTC pullback came from the liquidation of long leverage and the decline in US dollar liquidity. In addition, the market is waiting for Nvidia's financial report to avoid volatility and risk aversion. #以太坊基金会 #美联储何时降息？ #BTC #美国CPI数据连续第4个月回落