BeInCrypto outlines 5 factors behind Bitcoin's decline

BeInCrypto has analyzed five key factors contributing to the recent decline in Bitcoin's price. The reasons cited are: 1. Fears of a potential interest rate hike by the Bank of Japan, which could risk the unwinding of the yen carry trade. 2. Leveraged liquidations combined with thin liquidity, particularly amid low weekend trading volumes. 3. Uncertainty surrounding U.S. macroeconomic data. 4. Selling pressure from market makers in the spot market. 5. A loss of technical momentum.