Since the official announcement of Bitcoin halving so many people have been optimistic and so motivated to participate in crypto related activities like trading cryptocurrency stocking cryptocurrency or holding cryptocurrency because they are optimistic that the cryptocurrency market is going to boom bullish after the Bitcoin halving. This have triggered so many mixed reactions and emotion ally special when it comes to the crypto market and its assets traded on this market.
What most crypto expert says about the Bitcoin halving is mostly about the upcoming bullish run, they forget to talk about the negative effect that this bitcoin having causes to the crypto market and the investors in the market. I must say to you all that the recent bitcoin halving comes with a serious down trend before it starts its bullish movement in the crypto market.
Last week was really terrible to crypto traders because there was a massive bearish one which affected the traders who focused more on future trading, the bearish movement was massive in fact it brought Bitcoin form it previous high high of around $72,000 to to a monthly low low of around $55,000. So many people was scared that bitcoin was about to crash but only experienced and smart traders held on because it was their opportunity to start the upcoming bullish trend profitably.
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There are different reasons that triggered the massive bearish movement. As we all know the higher the buy pressure of an asset the higher the price of the asset is expected to go while the lower the buy pressure or the higher they sell pressure the higher chance for them asset to experience a bearish trend at that period of time.
So from the beloved chat you could say that they have floor of Bitcoin ETF the short period of time was higher than the inflow at that period of time this alone had a big impact on the price of assets because from a child because see that's over 300 million outflow was recorded are they short period of time. From 18th of April till 2nd of May, there was was so much outflow from the Bitcoin ETF asset, this massive sell pressure triggered or have a hand in the massive bearish movement.
[Source](https://cryptonews.net/news/bitcoin/28817781/)
Another reason why the bearish trend occurred during this halving period, is because the splitting of Bitcoin miners reward affected the Miners because my name bitcoin is quite expensive and the usually depend on the mining reward to fund the machinery and their money engines to help generate and perform yeah mining activities effectively and efficiently.
This will cause them to lose enough money because they now putting two times what they used to put in to fund their mining activities, although this scenario won't last for long because when the bullish trend occurs their mining reward tends to become higher and more valuable. So therefore despite they have rewarded with smaller amount of Bitcoin as reward, this smaller amount of Bitcoin turns out to be more valuable that the bigger share the usually receive has Bitcoin mining rewards
