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Recently, Bitcoin experienced a price decline after previously rising to touch the $82,000 area.
This decline was influenced by several key factors, especially the uncertainty of interest rate policies from the U.S. Federal Reserve.
Investors are worried that interest rates will remain high for longer, causing more funds to flow into safe assets rather than crypto.
Additionally, the flow of Bitcoin ETF funds has started to weaken as some institutions take profits after significant gains in recent months.
Other factors affecting this include the global economic conditions and geopolitical tensions, which make investors more cautious about risky assets like Bitcoin.
Many futures traders using high leverage were also liquidated as prices fell, increasing selling pressure.
However, this correction is still considered normal within Bitcoin's cycle because prices had previously risen quite high.
In the long term, Bitcoin still has strong potential supported by institutional interest and decreasing supply after the halving.