🩸 Bitcoin $BTC is under the guillotine of whale withdrawals and selling of funds #ETFs with a strong drop and declines amidst a supportive environment
🩸 The currency $BTC is heading towards recording its fourth annual decline in its history, but it is the first that is not linked to a major scandal or a comprehensive collapse within the cryptocurrency industry. This decline comes at a time when the market is supposed to be more mature and regulated compared to previous cycles.
🩸 The latest waves of decline occurred this week, when Bitcoin experienced sharp sell-offs that pushed it down by as much as 3.7% during New York trading. Thus, the currency is down about 7% since the beginning of the year, while it is trading at a level close to 86 thousand dollars. Ethereum also dropped significantly $ETH
🩸 Although this correction seems less severe compared to the previous three years that witnessed annual losses, its timing is surprising, coming amid a completely different environment characterized by the widening scope of institutional adoption, the development of regulatory frameworks, and the emergence of unprecedented political support from U.S. President Donald Trump.
