Golden Finance reported that QCP Capital published an analysis pointing out that the recent decline in Bitcoin prices has led to long liquidation of more than $430 million. This decline coincided with the end of five consecutive days of net inflows for spot ETFs, which recorded an outflow of $438 million on Monday, while MicroStrategy It fell 4.4%. BTC’s path towards the $100,000 level has stalled as the U.S. holidays approach and there are no immediate catalysts to push prices higher. In addition, ETH implied volatility has shifted towards puts rather than calls, and market concerns about downside risks may intensify, especially with the upcoming release of the Federal Reserve FOMC meeting minutes and PCE data. In the long run, however, this market decline is not an excessive correction. Bitcoin has simply retraced to levels seen at the start of last week. Since Trump's victory, markets have become extremely overbought and overleveraged, making a pause inevitable.