The current main reason for the decline in the price of Bitcoin is the massive selling by institutions and large investors (known as whales), which led to a significant decline in the market. The market is also under pressure due to the increase in bond yields, which negatively affects the liquidity directed to high-risk assets such as cryptocurrencies. In addition, the decline in demand from investment funds for Bitcoin via ETFs has played a role in this decline.

For a deeper analysis of the market, it is advisable to follow economic news and market movements continuously.

$ETH
{spot}(BTCUSDT)