Why the fuck is bitcoin declining, any FUD new or any whales dump? Dropped now from $11k to $9k
maybe the answer is because of this:
$3B Ponzi Scheme Is Now Allegedly Dumping Bitcoin by the Hundreds
In an attempt to curb the impact of the sell-offs, she has recommended that Peckshield and blockchain analytics firm Chainalysis analyze the flows more closely, noting that PlusToken appears to be moving their funds in small batches of 50-100 BTC into exchanges.
Chinese traders have reportedly claimed that an unknown address has in recent days been dumping 100 BTC incessantly on crypto exchange Binance, which Wan suspects to be connected to the scheme.
The price has even dropped to $9900, this news may even be responsible for seeing a large price drop. But this is something that we will discover in the coming days or weeks
A whale made a bet with CZ and is now shorting bitcoin so that he can win the bet. As simple as that.
and where is the source of it?