Why do bitcoin decrease?

There is blood throughout Satoshi Street, with a little hope for recovery in the coming days, the market drowns to its lowest level with bitcoin circulation at a decisive level of 89 thousand dollars.

With the ongoing withdrawal in Bitcoin prices after the January offer at a value of $ 108,000, the main investors withdraw their money from the investment funds circulating in Bitcoin. On February 24, Bitcoin’s investment funds in the United States witnessed 517 million dollars in the outfits – the largest in seven weeks. Data. This is the fifth consecutive day of clouds, as IShaares Bitcoin Trust (IBIT) lost from Blackrock 159 million dollars and the wise Bitcoin Fund in Fidelity witnessed $ 247 million in external flows. Other funds such as BitWise, Invesco and Grayscale have seen large withdrawals, prompting Bitcoin to less than 5 % to 91 thousand dollars, then to 89175 dollars, and decreased by 2.25 % in the last hour.

Contract or sale?

Blame Trump’s tariff policy, co -founder of Arthur Hayes, Warn Bitcoin can decrease to $ 70,000 as hedge boxes exhaust their locations. Many of these funds have invested in Bitcoin’s investment funds while betting against Bitcoin future contracts on ExchandE Mercantile (CME). This strategy “Foundation” helped gain profits with the least amount of risk by taking advantage of the price gap between the investment funds circulating in the instant bitcoin and future contracts.

However, with a decrease in Bitcoin, hedging boxes see reduced profits and come out by selling ETF shares and buying CME futures. Hayes expects this to continue during trading hours in the United States, adding more pressure to Bitcoin. Hayes believes that this will continue during trading hours in the United States, adding more pressure on the price of bitcoin.

Bitcoin can decrease to $ 70,000

Hayes expects that this sale can send Bitcoin to $ 70,000. When hedge boxes come out in large numbers, they create a series of reaction – the sale leads to low prices, forcing other money to do the same, which makes the decline worse.

According to Marcus Thynin from 10x searchBitcoin from the hedge funds that play this trade trade instead of investors in the long run. Now that this money has been withdrawn, the Bitcoin price interacts with the sudden lack of demand. If futures decrease decreases, more money can be forced to sell their ETF shares and buy their short future, leading to bitcoin decreased.

Bitcoin at a turning point

Bitcoin rose to $ 100,000 after Trump’s victory in the elections, which fueled the Bitcoin Strategic Reserve. But with ETF investors leaving and leaving their boxes from their boxes, Bitcoin is struggling to stay strong. If new buyers do not interfere, Hayes’s warning from Bitcoin may become a decrease to $ 70,000 a reality. The market is rooted for investment funds circulating at this moment to bring fresh capital to the system to the market. While SEC shows its interest in the chances of investment funds circulating is that the following ETF group is ready to hit the market.