Odaily Planet Daily News Crypto research institution 10X Research published an article stating that Bitcoin is currently severely oversold; after some altcoins experienced fluctuations, KOLs advised fans to buy on dips, and the greed and fear index is close to the lowest level, which is usually associated with price lows. There are many reasons for the Bitcoin sell-off: Mt.Gox's Bitcoin distribution (estimated value of $9 billion, starting in July), the German government's sale of confiscated Bitcoin ($3 billion), Bitcoin miners selling $2-3 billion, ETFs selling $1.4 billion, Bitcoin OG wallets selling $1.2 billion, etc. Assuming a total of $16-18 billion - similar to the Bitcoin ETF inflows so far this year. Previously, internal trading signals provided multiple signals to sell Bitcoin. Although many claim that the recent decline is due to Mt.Gox's fud (and other factors mentioned above), certain structural factors may lead to a deeper decline before a possible rebound from lower levels.