Reasons for Bitcoin Dumping: https://t.co/V32LlHsW2k. Gox Distribution: •Mt. Gox plans to distribute 143K BTC to creditors starting in July. •This adds significant selling pressure, causing market panic. 2.Miners Selling: •Miner sales hit a yearly high in June. •30K BTC worth $1.8B sold in the first 3 weeks of June. 3.Huge ETF Outflows: •Nearly $1B outflows from Bitcoin ETFs since June 15. •Seven consecutive trading days of outflows, with potential for more. 4.German Government Selling: •German government sold over $200M worth of BTC. •They still hold over $2.8B in BTC. These factors have led to increased spot selling and massive forced liquidations, driving Bitcoin’s price down.