Why has Bitcoin recently experienced a big dump?

1. Fall below 90,000 USD
According to the latest reports, Bitcoin has fallen below $90,000, hitting a new low in about 7 months. It previously reached a high of $126,000 in October and has now dropped by about 30%.
The main reason for the big dump $BTC
(1) Macroeconomic uncertainty intensifies
The market is concerned about whether the U.S. Federal Reserve (Fed) will continue to lower interest rates, leading to widespread pressure on risk assets.
(2) Technical indicators turn bearish
The typical "death cross" (50-day moving average falls below the 200-day moving average) has caused panic in the market.
(3) Capital outflow and large holder selling pressure
Institutional funds such as ETFs are experiencing outflows, and some long-term holders are beginning to take profits, exacerbating the fall.
(4) Overall market risk appetite declines
Cryptocurrencies are falling in sync with tech stocks, as investors tend to reduce their risk exposure.
⚠️ Subsequent risks and key areas of concern
Analysts believe the next important support may be around $75,000.
If market sentiment continues to deteriorate, it may trigger further selling.
The volatility of crypto assets is extremely high, and small news can trigger significant fluctuations.

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