Bitcoin
Why Bitcoin is down 1.5% today
Analysis
Bitcoin fell about 1.5% over the past 24 hours as selling pressure and liquidity dynamics weighed on price. CoinDesk reported that market makers and ETF flow mechanics likely amplified downside moves during the slide toward $60,000, which can exacerbate short-term declines.
Contributing Factors (3)
Here's how market makers likely accelerated bitcoin's brutal crash to $60,000
The invisible hands of market makers likely accelerated bitcoin's recent crash.
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Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.