📊 #BTC CQ: reasons why BTC dropped at the end of July:


1. Starting in mid-July, the liquidity of BTC began to decline rapidly, the market became fragile, unable to absorb even the smallest sell orders without the price dropping;
2. We observed sharp spikes in demand for ETFs, followed by pronounced sell-offs. This indicates that inflows into ETFs have been intermittent and volatile. There was no alternative demand to offset the outflows;
3. The accumulation of funds by smart wallets has been limited and weak.
BTC3.19%
POR4.66%
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