Bitcoin
prices dropped below $18,000, the lowest since 2018. Low liquidity over the
weekend and the absence of options to deposit money into trading accounts make
the market very vulnerable. So, when BTCC ETF decided to cut its balance by
24,500 BTC, prices immediately dropped. The more prices go down the more
investors lose money on open trades, and thus the desire to close trades
becomes stronger. The market has witnessed the financial troubles of several
crypto projects like Celsius, 3AC, and others.