@sadgvfdhjnh
Bitcoin’s post - all - time high pullback stems from multiple factors. Profit - taking by large holders (whales) after the 12.45k USD peak triggered initial selling. Additionally, rising concerns about potential regulatory scrutiny on crypto derivatives, coupled with reduced institutional buying momentum (e.g., slower inflows into Bitcoin ETFs), weakened upward pressure. Technical resistance near 12.5k USD also led short - term traders to exit positions, amplifying the 4% drop to 11.84k USD.
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