Entering April, with only 17 days left before the next halving, BTC experienced two days of sharp decline, with the price once approaching $65,000.

This decline not only affected Bitcoin, but also caused other cryptocurrencies to shrink significantly in market value. Despite this, Bitcoin has risen for six consecutive months on a monthly basis, tying its 2012 record.

Factors behind this price adjustment include massive outflows from Grayscale’s GBTC product, bond traders’ cooling of expectations for a rate cut by the Federal Reserve, and a massive liquidation in the crypto market.

GBTC suffered an outflow of $302 million, and it is expected that if the trend continues, GBTC may see a large amount of Bitcoin being sold before and after the halving. In addition, market expectations for the Federal Reserve to cut interest rates in June have dropped to less than 50%, and the crypto market has liquidated more than $500 million in the past 24 hours. These factors have combined to put pressure on Bitcoin prices.

Analysts were not surprised by the pullback, viewing the volatility as a normal market adjustment and believing the bull market is not over yet and investors should remain patient. #热门话题 #base链 $BTC $ETH $BNB