The past 24 hours have indeed been quite severe. Although there wasn't a massive sell-off, Bitcoin's drop of over 7% during the weekend still shook the market significantly. Now, the whole world is searching for the reasons behind the decline. I have looked at a lot of data, and although I can't pinpoint the exact cause of the drop, it can be generally determined that it was likely due to short-term investors in the U.S. conducting a large-scale sell-off.

This sell-off did not happen on a single exchange. According to the trading volume data, several leading exchanges actually showed increases, and the increase proportions were quite similar. It doesn't appear to be a very spontaneous decision; after all, the amount of bitcoin:native transferred to exchanges for selling in the past two days has not been substantial. It should have been somewhat premeditated, just waiting for a key moment.

Therefore, I am more concerned about whether there will be any important events in the U.S. in the next two days. Some friends suggested that the Anthropic IPO requires a large amount of capital, but I feel the timing is off. Everyone knows that liquidity is very poor during the weekend. If selling happens on Monday, sellers should be able to achieve better profits. If it is to participate in Anthropic, shouldn't there be more funds raised?

Additionally, we need to see the status of the U.S. stock market on Monday. If the U.S. stock market can stop the decline and stabilize, then Bitcoin's movement is likely to stabilize as well. There hasn't been much action between Iran and the U.S. in the past 24 hours.

A @Gate, trading more markets

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