Bitcoin's price of $BTC has plummeted due to a combination of several main factors that influence each other. Here are the most common causes and possible occurrences at this time:

📉 1. Pressure from the Global Market

Inflation & Interest Rates: If inflation in the US or other major countries remains high, central banks like The Fed may raise interest rates. This makes investors prefer safe assets like bonds over $BTC Bitcoin.

Negative economic data: For example, unemployment reports rise or economic growth slows.

🏦 2. Selling by Large Investors (Whales)

If institutional investors or whales sell in large amounts, this can trigger panic selling among retail traders. Usually, they already know something that the market has not realized.

⚖️ 3. Regulatory Pressure

Example: If there is news about a crackdown by the government on crypto, such as banning mining, freezing exchange accounts, or legal action against major crypto projects, the market will respond negatively immediately.

Recently, for instance, the SEC (US financial authority) sued a crypto company or Bitcoin ETF was rejected.

🧠 4. Negative Sentiment & Fear in the Market

Indicators like the Fear and Greed Index show that if the market is in a state of "Fear" or "Extreme Fear," prices can plummet because many rush to sell.

Rumors (FUD – Fear, Uncertainty, Doubt) also have a significant impact, especially on social media.

💸 5. Mass Liquidation in the Futures Market

If many traders are using high leverage (borrowing to buy more Bitcoin), and the price drops even slightly, their positions can be forced to sell (liquidated), causing a deeper downward spiral.