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#SKHynixTopsKOSPIByMarketCap BTC breaks 60.000! 8 causes behind the sharp drop, and I’ll explain them thoroughly.
Coin holders have been having a very hard time lately. BTC has fallen more than 20% in a month, immediately breaking through the 60.000 level.
Bad news keeps piling up: MSTR purchases have dropped drastically + preferred shares detach from the anchor, damaging sentiment; ETFs continue to suffer massive net outflows; institutions are fleeing; the AI track is siphoning speculative funds; expectations of a Fed rate hike are heating up, pulling liquidity away. On top of that, the RUU regulatory bill is difficult to pass, selling pressure from miners, short-term funds moving out, plus resonance from the cycle.
Right now, the technical side is oversold, but a clear bottom signal has not appeared yet—don’t rush to buy the bottom blindly. Stabilize first. #BTC $BTC