Bitcoin fell 8% between Sept. 4 and Sept. 6, breaking below the $54,000 support for the first time in over a month. The correction accelerated after US labor market data was released, though negative momentum had already been building due to ongoing outflows from spot Bitcoin exchange-traded funds (ETFs). Traders are now considering whether additional factors contributed to this recent price weakness and how likely it is that Bitcoin will revisit sub-$50,000 levels.