Find some reasons for the next decline.

1: The core reason for the callback of Bitcoin is that the positives cannot offset the negatives. First of all, the Mentougou issue is unresolved, and big funds are worried about the impact and withdraw in advance. October is the time for compensation. Once the compensation is paid, it will bring a huge amount of selling pressure. Early users who have earned dozens of times will definitely choose to leave.

2: The international situation has changed dramatically. Russia and North Korea have formed a strategic alliance. The conflict between NATO and Russia has become more intense. The war is undoubtedly bad news for risky assets Bitcoin. In addition, Fed officials also made a negative speech last night. Kashkari said that it may take two years for inflation to drop to 2%, which further suppressed market sentiment. Leading to the decline of Bitcoin.

3: Binance has listed three coins in three days. This market value, this liquidity, the money in the market has been sucked away. There are too many new coins, and the cottage itself is seriously anemic. The listing of new coins is even worse for the cottage!

4: ETF funds have been net outflows for 7 consecutive days. Institutions such as Fidelity and Grayscale are smashing the market. The PMI data will be released tonight. It is lower than expected, which is positive, and higher than expected. Bearish.