#btc

Main reasons for Bitcoin's decline today:

1. Decrease in institutional demand: Bitcoin exchange-traded funds (Bitcoin ETFs) have seen negative net flows, indicating a decline in interest from institutional investors. Between March 28 and April 15, these funds recorded a net withdrawal of $964 million, reducing buying pressure in the market.

2. Liquidation of leveraged positions: The market witnessed the liquidation of long positions worth $85.4 million, as prices fell to levels that triggered the liquidation of these positions, increasing selling pressure and contributing to market volatility.

3. Global economic pressures: Rising inflation rates and interest rates in the United States, along with trade tensions, have made investments in digital currencies riskier, prompting some investors to reduce their exposure to these assets.

4. Decrease in whale interest: Data showed a decline in the accumulation by 'whales' (large investors), indicating a loss of confidence among major investors in the market.

5. General market volatility: Global financial markets have experienced instability, negatively impacting cryptocurrency prices, including Bitcoin.