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One of the most important metrics that the best in the cryptocurrency industry won't tell you about.
TWO MAIN REASONS FOR BTC RECENT FALLS
1️⃣ Investor fear: More and more people are losing faith in the long-term success of cryptocurrencies. At the end of last year, I said that 2024 would be characterized by high price volatility. Unfortunately, many investors cannot withstand the pressure and are selling their assets in fear of further declines - this is inevitable, not everyone will survive until the end of the cycle.
2️⃣ Long Liquidations: Another factor was the largest long liquidation since the FTX collapse. When BTC reached $57,000, many players saw it as the perfect time to play for the upside.