Bitcoin

<ul><li>Mt.Gox&#39;s sell-off of 143,000 Bitcoin spurs market jitters, contributing to recent price declines.</li><li>ETF outflows and significant miner sell-offs add downward pressure on Bitcoin, signaling retail investor unease.</li><li>Bitcoin&#39;s historical volatility during bull markets persists, with upcoming catalysts potentially driving renewed interest.</li></ul><a href="https://cryptotale.org/bitcoins-td-sequential-buy-signal-will-it-propel-btc-past-65k/" rel="noopener noreferrer nofollow">Bitcoin’s </a>price is experiencing a significant downturn, causing concern among investors and enthusiasts. As highlighted byAltcoin Daily, an analytic firm, in a <a href="https://www.youtube.com/watch?v&#61;PFyfkJq8cik" rel="noopener noreferrer nofollow">YouTube video </a>from its peak above $70,000, Bitcoin has now dropped to around $58,528, marking its most considerable intraday decline since April. This drop is driven by various factors, including notable sell-offs by major stakeholders and uncertainties in the broader economic environment.<a href="https://cryptotale.org/mt-gox-transfers-5b-in-btc-after-5-years-to-unmarked-address/" rel="noopener noreferrer nofollow">Mt. Gox</a>, a Japanese crypto exchange that was hacked over a decade ago, is preparing to sell 143,000 Bitcoin to its creditors. This anticipated sell-off is causing jitters in the market. Additionally, ETF outflows have reached $1 billion in the last ten days, signaling waning confidence among retail investors. Furthermore, miners have sold over 30,000 Bitcoin worth $2 billion this month, adding to the downward pressure on Bitcoin&#39;s price.Related: <a href="https://cryptotale.org/kaiko-report-unveils-latams-stablecoin-preference-over-bitcoin/" rel="noopener noreferrer nofollow">https://cryptotale.org/kaiko-report-unveils-latams-stablecoin-preference-over-bitcoin/</a>Historical trends show that Bitcoin often experiences significant drawdowns of 30% or more during bull markets. This current selloff is attributed to profit-taking, the basis trade, and seasonality, with investors taking profits after explosive rallies and awaiting Q4 for substantial price movements. Despite the downturn, some analysts maintain that Bitcoin&#39;s volatility is a typical characteristic of its market behavior, especially during bull runs.<a href="https://cryptotale.org/massive-etf-outflows-signal-retail-investor-panic-will-bitcoin-bounce-back/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Massive ETF Outflows Signal Retail Investor Panic: Will Bitcoin Bounce Back?

CryptoTale

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