🐻 Why the Market Fell Again Yesterday, BTC failed to susta

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Technical Jafar

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🐻 Why the Market Fell Again Yesterday, BTC failed to sustain levels above $67,000, leading to a drop below the $65,000 mark and triggering a market-wide decline. 📉 Firstly, this retracement is linked to capital outflows from ETFs. The previous day saw an outflow of $120.6 million from ETFs, with BlackRock's ETF recording zero inflow for the first time. Additionally, Grayscale continued selling BTC, totaling $130 million. These factors contributed to the cryptocurrency's decline. 🗣 Moreover, the arrest of Keonna Rodriguez, the head of Samourai Wallet, by the US Department of Justice added to market uncertainties and further influenced the downward movement. 💬 However, a significant portion of this market movement stems from post-halving uncertainties. The market currently requires catalysts for significant movements, implying that BTC may react to even minor local news in the upcoming days. $BTC $ETH $BNB #CryptocurrencyMarket #MarketAnalysis 📉

🐻 Why the Market Fell Again
Yesterday, BTC failed to sustain levels above $67,000, leading to a drop below the $65,000 mark and triggering a market-wide decline.
📉 Firstly, this retracement is linked to capital outflows from ETFs. The previous day saw an outflow of $120.6 million from ETFs, with BlackRock's ETF recording zero inflow for the first time. Additionally, Grayscale continued selling BTC, totaling $130 million. These factors contributed to the cryptocurrency's decline.
🗣 Moreover, the arrest of Keonna Rodriguez, the head of Samourai Wallet, by the US Department of Justice added to market uncertainties and further influenced the downward movement.
💬 However, a significant portion of this market movement stems from post-halving uncertainties. The market currently requires catalysts for significant movements, implying that BTC may react to even minor local news in the upcoming days.
$BTC  $ETH  $BNB  #CryptocurrencyMarket #MarketAnalysis 📉