The main reason for Bitcoin's price drop is that Bitdeer liquidated all of its Bitcoin holdings and sold off all of its mining output for the week. This move sparked concerns in the market about liquidity and the future price trend, leading to weakened market sentiment. Additionally, a report from VanEck pointed out that Bitcoin has fallen 29% over the past 30 days, further intensifying market anxiety.#DeepCreationCamp

BTC-5.65%
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