Bitcoin $BTC is under the guillotine of whale withdrawals and ETF fund sales, experiencing a strong fall and retreats amid a supportive environment

🩸 The currency $BTC is heading towards recording its fourth annual decline in its history, but this 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 faced sharp selling that pushed it down by as much as 3.7% during New York trading. As a result, the currency is down about 7% since the beginning of the year, while it is trading at a level close to $86,000. Ethereum also dropped significantly $ETH

🩸 Although this correction seems less severe compared to the last three years that witnessed annual losses, its timing is surprising, as it comes amid a completely different environment characterized by a broad range of institutional adoption, the evolution of regulatory frameworks, and unprecedented political support from U.S. President Donald Trump.

ETH

2,920.04

-0.87%$