Where do I start...
1) Blackrock being a shell company that will possibly implode on itself (every investor in blackrock pulling their money out) and destroying the value of BTC.
2) Tether manipulating the price of BTC with minted out of thin air tokens. Also not being MiCA compliant and possibly not following the new US regulatory framework.
3) People finally finding out BTC was a spy project.
4) The fact that it has no utility in 2025 with really high gas fees. I remember reading that eventualy it will cost a lot just to custody it in the future reducing the amount of users/holders.
I can go on and on, but I will be called a conspiracy theorist tin hat man if I say more.
It has a lot against it that people overlook because of the price. Governments might eventually have no reason to custody it. Even some countries that promoted btc by buying it monthly have stopped.
Maybe this sell off is the US getting ahead of the bloodbath thats to come.
Just my opinion.
*takes tin hat off*