1. Trump Media sell-off: The company needs $1 billion by November 30. If it can't come up with the cash, it will have to sell BTC. The market will think, “Trump is selling too,” and panic.

2. Fed rate hike: If the Fed raises interest rates on December 9, bank interest rates will go up. People will move away from risky BTC and put their money in banks.

3. Breaking through the support line: $72,500 is the last line of defense. If it breaks, stop-loss orders will automatically sell, and leveraged traders will be liquidated. The price will plunge to $65,000.

4. ETF outflows: When large funds sell ETFs, actual BTC is sold too. Individual investors see news of the outflows and sell.

5. Strict regulations: If Democrats pass strict cryptocurrency legislation, investors may fear future bans and exit early.