👀Trust issues with BTC?
Analysts at Deutsche Bank note that the sell-off $BTC is primarily driven by a loss of trust rather than fundamental problems.
➡️Three main factors are affecting the decline: decreasing liquidity, outflows from crypto ETFs, and slowing regulatory progress.
This indicates more of a loss of trust among market participants than a macroeconomic shock.
Meanwhile, Bitcoin has fallen below $66,000🔽
Analysts at Deutsche Bank note that the sell-off $BTC is primarily driven by a loss of trust rather than fundamental problems.
➡️Three main factors are affecting the decline: decreasing liquidity, outflows from crypto ETFs, and slowing regulatory progress.
This indicates more of a loss of trust among market participants than a macroeconomic shock.
Meanwhile, Bitcoin has fallen below $66,000🔽