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\With its recent price declines, Bitcoin is down nearly 9% in the first month of And its current price around $38, is more than 44%. Like most commodities, assets, investments, or other products, Bitcoin's price depends heavily on supply and demand. � As an asset adopted quickly by investors. According to CryptoQuant CEO Ki-Young Ju, the reason for the drop can be partly attributed to crypto whales who began to deposit large volumes of their Bitcoin.
