Geopolitical Tensions (The "Greenland" Factor)
The most direct catalyst recently has been renewed trade and diplomatic friction. President Trump’s continued pursuit of Greenland and threats of 10% to 100% tariffs on European and Canadian goods have spooked global markets. When traditional markets (stocks and bonds) get nervous about trade wars, "risk-on" assets like Bitcoin are often the first things investors sell to move into safer havens like Gold.
Massive Institutional OutflowsInvestors have been pulling money out of Bitcoin ETFs at a rapid pace. Reports show over $1.3 billion was cashed out in just one week. When these large funds sell to meet redemption requests, it creates heavy downward pressure that retail buyers often can't offset.