Why is #Bitcoin falling in price?

1) Iran-Israel war situation

Just a few minutes ago, the former head of Mossad intelligence said that they could attack Iran's nuclear facilities.

This is a big statement and could even lead to a World War III situation.

This is causing panic in the market which is dumping BTC and cryptocurrencies.

2) Powell became aggressive

Yesterday, Powell said they still don't have much confidence in inflation and could keep interest rates on hold for longer.

The market was predicting a rate cut in June, but now there is even a 1% probability of a rate hike.

3) Retail's greed

Retail has become too greedy with every sale with high leverage.

Despite the recent corrections, the funding rate remains positive, which shows that the market is still greedy.

Until we see funding reset or even go negative for a while, the market may continue to move sideways/down.