Bitcoin [BTC] and the rest of the crypto market experienced increased volatility on the 9th of September. Bitcoin rallied to $79,760 on the day, but just 14 hours later, it had shed 2.49% in value to fall to $77,770.

Why is crypto falling today?

The retracement saw BTC retest the local support zone at $77.9k. The move resulted in the highest 1-day liquidation numbers in nearly a week, with $269.96 million in longs and $116.62 million in short positions forcefully closed.

The spot Bitcoin ETF flows indicated a slowdown in demand. Over the previous two trading days, ETFs saw a combined outflow of $166.8 million, according to Farside Investors’ data.

AMBCrypto reported that long-term holders have been taking profits. Selling pressure…