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This morning's BTC plunge is confirmed,
Data doesn't lie
Bitcoin's sudden drop is not due to ETF fund outflows,
but rather large US whales selling off intensively outside the ETF system.
From on-chain data, this selling pressure is a result of large-scale profit-taking.
Moreover, the number of Bitcoin held by the top 100 addresses,
is decreasing as they sell, and Bitcoin miners are shutting down their machines due to profitability reasons.
In the short term, the downward space for Bitcoin is very limited.