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Bitcoin: Reasons why BTC crashed below $18,000 during the weekend
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Bitcoin’s crash in the second week of June appeared to have been equivalent if not more intense than its crash in May. The May crash was triggered by LUNA and UST’s death spiral, but the market did not have such a major black swan in June.
There were a few FUD-inducing headlines that seem to have been enough to encourage major BTC sell-offs.It has emerged that some Bitcoin ETFs offloaded a significant amount of Bitcoin last week.
Read more on ambcrypto.comAbout this in other media
Bitcoin investors can consider these points before cutting losses ambcrypto.com /5 days ago
‘Expect pockets of forced BTC, ETH selling as market figures who’s swimming naked’ ambcrypto.com /6 days ago
More 'forced selling' ahead? Purpose Bitcoin ETF holdings plunge by 51% in biggest outflow ever cointelegraph.com /6 days ago
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