Organization: The recent Bitcoin sell-off was driven by multiple factors.

Marex's senior global market strategist, Ilan Solot, said that the recent Bitcoin sell-off was driven by multiple factors, including the decline of some tech stocks, the outstanding performance of gold, broader risk aversion sentiment, and widespread doubts about the valuation framework of cryptocurrencies. "The current outlook may still be bearish, but the worst period may have already passed," he said. "Such volatility has always been seen as a buying opportunity by long-term investors in history, and many people will see it that way in the future."