3 Surprising Factors Behind Bitcoin’s Brutal $8K Weekly Drop

When BTC heads south as violently as it did over the past week or so, analysts are trying to determine what caused the calamity and what’s next. On the surface, there are always some evident reasons, such as the building macro pressure, uncertainty after the midterm elections for crypto, and the Bitcoin ETF outflows, which neared $1.3 billion last week alone, and have continued as the new week began. But we will focus on more unexpected factors in this article that could be behind this major leg down. Those that remain behind the scenes. Liquidity and Longs The first factor came from stablecoins, which have helped finance virtually every major crypto rally this cycle.

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