Why is crypto crashing again ā
š Bitcoin's downside movement could be due to several factors, including these 6 reasons :
š Post-Halving Market Behavior:
After Bitcoin's fourth halving, miners' rewards were reduced, increasing mining costs. Some miners might be selling more BTC to cover expenses, adding selling pressure.
š Profit-Taking :
Many traders and investors who bought Bitcoin earlier might be taking profits, especially after the recent rally leading up to the halving.
š Market Manipulation:
Whales and institutions often shake the market by triggering liquidations, forcing smaller traders out before the price moves back up.
š Macroeconomic Factors:
Global financial markets, interest rate decisions by the Federal Reserve, and economic uncertainty can influence Bitcoin's price movement. If risk assets like stocks are falling, Bitcoin might follow.
š Liquidity & Leverage Liquidations:
High leverage in futures trading often leads to liquidations when the price moves sharply in one direction. If long positions are liquidated, Bitcoin's price drops further.
š Technical Resistance Levels:
Bitcoin might be facing resistance at key price levels, leading to repeated rejections and downward moves.
Do your own research before invest.