$BTC #TradingPairs101 Factors

Reasons for the decline of Bitcoin and Ethereum today:

1. Profit-taking by large investors (whales): After Bitcoin's price reached high levels of $112,000 in May, large investors began selling part of their holdings to realize profits, leading to a price drop below $105,000.

2. Global economic pressures: Trade tensions between the United States and China, along with weak U.S. economic data, have increased investor caution and led to a pullback from high-risk assets like cryptocurrencies.

3. Negative seasonal effects: Historically, June is considered a weak period for cryptocurrency performance, with Ethereum recording an average decline of 11.7% during this month over the past seven years.

4. Technical and tactical factors: Despite positive inflows into Ethereum exchange-traded funds, an increase in short positions in futures on platforms like CME and Binance has led to additional selling pressures, contributing to the price decline.

Future outlook Many analysts are optimistic about the future of Bitcoin and Ethereum. The forecasts suggest that Bitcoin could reach #TrumpVsMusk #BinanceLeadsQ1