Bitcoin (BTC) experienced a significant downturn, shedding over 30% from its recent peak. This marks its worst week since February, prompting analysis from Deutsche Bank analysts who have identified five key factors contributing to this decline. The first factor is the global market’s shift towards ‘risk-off’ dynamics, as Bitcoin has mirrored tech stocks in recent weeks. A strong correlation with the Nasdaq-100 index suggests this trend. 2nd, the Fed’s monetary policy continues to contribute to volatility. Chair Powell’s hawkish statements regarding a rate cut not being guaranteed fueled market expectations of increased interest rates. Although New York Fed President John Williams presented a more cautious stance, uncertainty persists. Regulatory stagnation further adds pressure. The Digital Asset Market Clarity Act has encountered delays in the US Senate, leading institutional investors to hold back on investments. 4th, institutional fund outflows are also playing a significant role, with large investors making substantial adjustments to their positions. Finally, profit-taking by long-term Bitcoin holders is another contributing factor to this market downturn. Bitcoin closed at around $84,535 on Friday after a brief recovery over the weekend, now trading below $86,000 today. Analysts anticipate volatility may continue in the short term. This information should not be considered investment advice.