Why is Bitcoin Price Down Today?

Bitcoin (BTC) experienced a slight decline of 1.75% on September 8, bringing its price down to approximately $25,850 and erasing nearly all of the gains made just hours earlier.

Throughout September, BTC has struggled to find a clear direction, oscillating between minor increases and decreases amid a decline in liquidity supply.

Several charts depict the current state of Bitcoin, including daily price movements, exchange reserves, and a heatmap indicating liquidations across the market.

Overall, the market remains volatile as traders navigate through fluctuating conditions.