Recently, Bitcoin has been continuously plummeting, once falling below $60k, hitting a multi-month low. The market decline is mainly due to ETF capital outflows, Strategy's rare reduction of Bitcoin holdings, and the U.S. stock market, especially the AI and semiconductor sectors, repeatedly reaching new highs. Capital is accelerating into technology stocks and popular IPOs, liquidity in the crypto market is being drained, and combined with leveraged long positions being liquidated, further amplifying the decline.

BTC1.64%
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