Bitcoin took a beating in April, posting its worst performance in two years.

There are several differences between this Bitcoin $BTC crash and previous ones. 🤳

First, the presence and influence of Bitcoin Spot #ETF is a significant new factor.

Since the approval of the U.S. Bitcoin spot ETF in January, Bitcoin's status as a compliant asset has been strengthened, attracting more compliant fund inflows.

Therefore, this plunge has attracted wider attention, including Wall Street institutions and global investors, who are more concerned about Bitcoin.

Secondly, Bitcoin is more closely integrated with macroeconomic factors. People are beginning to shift their focus from the Bitcoin halving event to the impact of monetary and fiscal policies.

This shows that Bitcoin is not only a digital asset, but is also affected by the macroeconomic environment, and this combination may have a greater impact on Bitcoin prices in the future.

In addition, the reasons for this plunge are also different. JPMorgan believes that this plunge was mainly caused by retail selling rather than institutional investors. This may be because the crypto market has recently seen a large amount of profit-taking, which has led to the selling of retail investors.

Finally, regarding the future trend of Bitcoin, market analysts mentioned that Bitcoin is repeating the history of 2016, and this plunge may be just a cyclical adjustment rather than a change in the long-term trend. Therefore, the price of Bitcoin may continue to fluctuate for some time to come, but it may also rebound.

In general, this Bitcoin crash has different factors and backgrounds than in the past, and it also reflects the continuous development and evolution of Bitcoin as a digital asset.