Recently, Bit has continued to decline, mainly for the following reasons:
First, in the past month, whales have sold off in large quantities, with the amount reaching over 400,000 pieces.
Secondly, Powell's previous hawkish remarks hinted that a rate cut in December is not set in stone.
Thirdly, the global stock markets have generally declined recently, with the US, European, and Japanese and South Korean stock markets not being spared.
Fourthly, the BTC spot ETF has shown a downward trend for five consecutive days, with a net outflow of funds exceeding 1.5 billion USD.
First, in the past month, whales have sold off in large quantities, with the amount reaching over 400,000 pieces.
Secondly, Powell's previous hawkish remarks hinted that a rate cut in December is not set in stone.
Thirdly, the global stock markets have generally declined recently, with the US, European, and Japanese and South Korean stock markets not being spared.
Fourthly, the BTC spot ETF has shown a downward trend for five consecutive days, with a net outflow of funds exceeding 1.5 billion USD.
BTC-1.53%

































