Bitcoin is not a waterfall that forever moves down, but this's a market that's never separated from its original nature, namely the rise and fall of prices. I think, the prolonged decline in bitcoin prices's caused by two world-scale exchanges namely CME and CBOE Futures Exchange which trade bitcoin in the form of a futures contract. As a result, making bitcoin vulnerable to manipulation. This thing also caused the number of files Bitcoin ETF to rejected by the SEC. I think the US SEC has smelled a sign that's not good maybe they are worried if the Bitcoin ETF will be a trigger for every investor to manipulate prices by selling or buying large amounts of bitcoin during the auction that causes prices to fall. And the next day Cboe Global Markets was more flexible leaving behind Bitcoin ETF with huge profits.