Reasons why Bitcoin price fell below the $65,000 mark again

Recently, the Bitcoin market has experienced a series of major events.

On the one hand, whale transfers have occurred frequently, with a large amount of BTC transferred between wallets from different sources. One transfer of up to 4,000 BTC (about $259.4 million) has attracted widespread attention from the market.

On the other hand, the German government has also deposited a large amount of Bitcoin into exchanges, totaling 1,700 BTC (about $110.88 million) and holding up to 47,179 BTC (about $3.06 billion). This news has triggered market concerns that the government may conduct a large-scale sell-off, further exacerbating the volatility of Bitcoin prices.

In addition, the trading situation in the Bitcoin derivatives market is not optimistic. Although the overall trading volume has increased by 1.95% to $49.35 billion, the option trading volume has fallen by 39.73% to $625.97 million.

At the same time, some Bitcoin ETFs have also seen large-scale selling in the near future, with a total of 1,290 BTC sold, resulting in a market value drop of $83.7 million, further increasing the pressure on Bitcoin prices.

The Bitcoin market is constantly volatile, and investors need to remain vigilant. At the same time, the government's regulatory attitude towards Bitcoin is also worthy of attention. #比特币走势分析 #比特币突破7万美元 #比特币政策