TechFlow, October 17 — According to Jinshi Data, bitcoin continued its decline to a nearly four-month low amid broad-based risk aversion. Derren Nathan, analyst at Hargreaves Lansdown, said, "Selling pressure from crypto miners and ETF liquidations have driven this downturn." He noted that bitcoin is under downward pressure as investors avoid high-risk assets and shift toward safe-haven assets such as government bonds and gold due to rising U.S. credit risks. Meanwhile, loan losses at U.S. regional banks have further intensified market concerns over escalating trade tensions and the ongoing U.S. government shutdown.
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