Bitcoin dropped over 5% in a single day, with over 2 trillion USD in funds flowing out. The main reason is the impact of institutional investors, or whales, selling off through ETF fund outflows. Today's decline is closely related to the current macroeconomic trends worldwide; Due to the continuous outflow of Bitcoin and Ethereum, the two main cryptocurrencies, from US spot markets—especially before BlackRock's final speech—causing market panic; Currently, the market can only recover when ETF fund inflows turn positive, meaning inflows exceed outflows. At that point, the market will rebound and experience significant gains! #ETH #BTC
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Why did the market decline today?
Bitcoin dropped over 5% in a single day, with over 2 trillion USD in funds flowing out. The main reason is the impact of institutional investors, or whales, selling off through ETF fund outflows. Today's decline is closely related to the current macroeconomic trends worldwide;
Due to the continuous outflow of Bitcoin and Ethereum, the two main cryptocurrencies, from US spot markets—especially before BlackRock's final speech—causing market panic;
Currently, the market can only recover when ETF fund inflows turn positive, meaning inflows exceed outflows. At that point, the market will rebound and experience significant gains! #ETH #BTC