📉 Why is Bitcoin falling?
Bitcoin (BTC) is trading near $108,988 (+0.17%), after having touched $109,480 and retreated to the $108,200 range. But what explains this weakness in the market?
1️⃣ Whale Sales 🐋
“Whales” are large investors who hold huge amounts of BTC. Recently, a sale of almost 24,000 BTC increased supply and put pressure on the price, triggering automatic sell orders.
2️⃣ Federal Reserve policy 🏦
The market was expecting aggressive interest rate cuts, but now the expectation is just 0.25 percentage points (25bps). This reduces the appetite for risky assets such as Bitcoin.
3️⃣ “Buy the dip” sentiment 📉
The “buy the dip” discourse is growing on social media, but it may indicate fear. Analysts warn that before any recovery, there could still be a further fall.
4️⃣ September seasonality 🍂
Historically, September is a weak month for BTC. Many traders take the opportunity to take profits and reposition themselves ahead of the fourth quarter.
5️⃣ Technical Fragility 📊
Important supports between $110K-111K are under pressure. If they fall, the price could seek the $107K-108K range.
Conclusion: BTC's retreat has no single cause, but is the result of large liquidations, macro uncertainties, seasonal patterns and chart weakness. Understanding these points helps to see beyond the daily oscillation.
