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BTC broke below 60K! 8 reasons for the crash, explained at once
Holders have been having a rough time lately, with BTC dropping over 20% in a single month and directly breaking below the 60K mark.
Bearish factors are piling up: MSTR buying plummeted + preferred stock de-anchoring dragged down sentiment, ETFs saw massive consecutive net outflows as institutions fled, the AI sector sucked away speculative funds, and rising rate hike expectations further drained liquidity. Add to that the stalled regulatory bill, miner selling pressure, short-term capital exit, and the resonance of cyclical patterns.
Currently, the technicals are oversold, but a clear bottom signal hasn't appeared yet. Don't rush into blindly bottom-fishing; play it safe for now. #BTC $BTC