Main reasons of BTC sharp fall...🤷

Bitcoin has experienced a sharp decline due to several factors contributing to market pressure. A significant reason is institutional sell-offs, as large investors seem to be reducing their positions. This could be linked to rising U.S. Treasury bond yields, which often signal lower liquidity in the market and push riskier assets like Bitcoin downward. Additionally, uncertainty surrounding potential interest rate hikes by the U.S. Federal Reserve has created a negative sentiment across global markets, further influencing Bitcoin's drop.

Another contributing factor is the liquidation of large long positions in Bitcoin futures. Over $400 million worth of long positions were liquidated in a short period, causing a cascading effect in the market as prices dropped further.

Finally, there is speculation that a large player may have offloaded their Bitcoin holdings to move into other assets, such as Ethereum, following rumors of an Ethereum Futures ETF approval.

These factors, combined, have led to the recent sharp decline in Bitcoin's price. .$BTC $UNI $ETH

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