📊 3 Reasons for the Decline in #Bitcoin Price

🔼 Bitcoin rose slightly after hitting its lowest level in two months on Monday, as investors monitored reports of large sell-offs from dormant "whale" wallets and prepared for a critical U.S. jobs report later this week.

🔥 Media reports indicated significant transfers of the cryptocurrency to convert it into Ether, suggesting a renewed profit-taking activity among major holders.

🔥 Meanwhile, U.S. spot Bitcoin funds continued to see outflows, sharply contrasting with the strong inflows into Ethereum funds during August.

🔥 The decline in Bitcoin also coincided with seasonal caution. September is often referred to as "Red September," historically witnessing declines amid increased volatility in traditional markets during this period.