BTC, which fell 3.72% in the last 24 hours and at the time of writing, was among the day's decliners. Institutional investors are known to have stopped their purchases after investing billions of dollars in Bitcoin and altcoin markets last week. During the same period, a total of $104.7 million was withdrawn from spot Bitcoin and Ethereum ETFs. The market crash at the beginning of last week was seen as a buying opportunity for both institutional and retail investors, with $1.3 billion worth of USDT transferred from the Tether treasury to exchanges. These events may have caused the Bitcoin price to fall.
