Crypto界网 reports that, according to a tweet from 10x Research: Bitcoin's sudden decline is no coincidence. Over the past few months, subtle changes in exchange fund flows and institutional holdings have signaled that key participants are quietly reducing their positions. A policy change at the end of January served as a catalyst, breaking through the previously stable price range and causing technical support levels to fail consecutively. The current timing and pattern of the sell-off reveal the market's dominant forces, indicating that this round of correction may not be over yet.

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