Today Bitcoin is falling significantly, with a drop of over 8%, and yes, there are clear reasons for this. I will explain the main factors behind this movement:
• Fear in the market: Recently, the exchange Bybit suffered a hacker attack, which shook investors' confidence. To make matters worse, a wave of scams followed, increasing the atmosphere of distrust. This fear is leading many people to sell their Bitcoins, pushing the price down.
• Political uncertainty: In the US, Donald Trump's policies, especially the tariffs imposed on Mexico and Canada, are generating concern. According to Bloomberg, this is fueling inflation fears and affecting risk assets like Bitcoin. Investors are losing confidence in the positive impact they expected from these policies in the market.
• Technical factors: The price of Bitcoin fell below important support levels, which is a sign of weakness for those following technical analysis. Additionally, institutional flows are mixed, meaning there is no clear support from major players to hold the price.
• Liquidations in the futures market: There was a massive liquidation of long positions in the futures market, with over 700 million dollars wiped out. This amplifies the decline, as forced sales push the price even further down.
In summary, it is a perfect combination of widespread fear, political uncertainties, and market dynamics that are bringing down Bitcoin today. Global liquidity is also not helping, and all of this creates a scenario of intense pressure on the price.
