Big news about Bitcoin! Bitcoin's price went down after reaching its highest point earlier. This happened because some big investors were making money using a clever trick. They were earning extra money from buying and selling Bitcoin in different ways, but this trick stopped working.
- Big investors, called hedge funds, were making money from a special trading strategy.
- This strategy stopped working, so they sold their Bitcoin.
- Mostly, newer Bitcoin owners lost money in this recent price drop.
- Some experts think the price might go up again soon.
| Fact | Number |
|---|---|
| Highest Bitcoin price this year | Around $79,000 (approx.) |
| Annual return from the hedge fund's strategy | Up to 5.68% |
| Percentage of recent Bitcoin losses from new traders | 74% |
