Golden Finance reported that FxPro chief market analyst Alex Kuptsikevich mentioned that the recent deep correction of Bitcoin may be attributed to other factors. The easing of geopolitical tensions between Lebanon and Israel has weakened investors’ interest in safe-haven assets such as Bitcoin. needs. In addition, Matt Mena, crypto research strategist at 21Shares, said that this kind of pullback behavior has also occurred at Bitcoin’s previous highs. He explained: “In March of this year, when Bitcoin was hovering near the all-time high of $69,000 in 2021, , a similar pattern emerged, with Bitcoin hovering at this level for nearly seven days before finally breaking out... As prices approached this level, many participants in the previous cycle began taking profits as they anticipated a possible pullback. ”