@xpolok
🔻 Why Bitcoin Dropped in the Last 24 Hours
Bitcoin’s price declined mainly due to three verified factors:
1. Large ETF outflows: Over $278M exited spot Bitcoin ETFs, reducing institutional demand (Binance-reported data, Nov 12).
2. Weak market sentiment: Fear levels increased across the crypto market, causing investors to step back.
3. Technical pressure: BTC fell below key support levels, triggering additional selling from traders.
Overall, the drop reflects short-term market pressure rather than a structural shift.