Bitcoin slides after selling $ 2.4 billion

Bitcoin (BTC-UsdIt decreased by more than 23 % of its peak in January 109,350 dollars (86,246 pounds), reaching the lowest level during the day of 83,740 dollars (66,077 pounds) amid large flows of instant bitcoin exchange boxes (ETF).

Between Monday, February 24 and Wednesday, February 26, the investment funds circulated in Bitcoin Sot witnessed Data From Farside Investors, highlighting a broader transformation in investor morale amid increased uncertainty in the market.

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On Monday, external flows of $ 539 million, followed by $ 1.14 billion on Tuesday and 754.6 million dollars on Wednesday.

Bitcoin decreased by 3 % to trade at $ 86.092 on Thursday, with a decrease of 11 % during the past week.

ethereum (eth-wedHe decreased by 4.5 %, with Solana (Sol-UsdApartment trading.

In addition to market tensions, US President Donald Trump’s proposal contributed 25 % on European goods to a sharp decrease in investor confidence.

The Crypto Fear & Greed Index – which determines market morale on a scale from 0 to 100 – to 21 this week, indicates “extreme fear”, according to Coinglass Data.

Some analysts are concerned that the economic impact of high trade tensions can increase risk assets, including Cross currencies.

Despite the decline, some analysts argue that Bitcoin’s decline does not necessarily indicate the bear market. “While some people are afraid of the start of the bear market, it indicates that 25 % declining operations are common in bulls,” said Valentin Foreneeh, a BRN analyst, said.

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He added that the recent Bitcoin losses seem to be driven by a mixture of institutional flows, total economic uncertainty, and security concerns, such as the last penetration of $ 1.5 billion to exchange the cryptocurrency.

The penetration, which resulted in the theft of 401,346 ETH, sent shock waves across the industry, with the use of BYBIT loans from industry partners to renew their reserves and avoid liquidity problems.

Although bybit is able to address all clients withdrawals, the breach has strengthened concerns about the security risks of central exchanges.

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