Behind Bitcoin's Plunge: Institutions Reduced Holdings Months in Advance

According to a report by Bijie Network: Bijie Network reported that, according to a tweet from 10x Research, bitcoin's sudden drop was not accidental. Subtle changes in exchange capital flows and institutional holdings over the past few months have already indicated that key participants have been quietly reducing their positions. The policy change at the end of January acted as a catalyst, breaking through the previously stable price range and causing technical support levels to fail one after another. The timing and pattern of the current sell-off reveal the dominant forces in the market, suggesting that this round of adjustment may not be over yet.