👀 3 reasons for the recent cryptocurrency market decline:

1. Miners' profitability dropped by 55%, forcing them to sell more BTC to cover expenses. More BTC is being transferred from miners' wallets to exchanges, which can put pressure on prices and often indicates sales.

2. The lack of new issuances of USDT and USDC means less new funds entering the market, which can reduce liquidity and increase price volatility.

3. Outflows from spot ETFs like Fidelity and Grayscale create additional selling pressure on BTC.

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