Why Did Bitcoin Drop Today? Dormant Whale Awakens After 11 Years and Liquidates Holdings, Hormuz Crisis Spreads
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Bitcoin has recently been affected by supply shocks and geopolitical pressures, with prices declining from their highs to approximately $69,500. Large volumes of bitcoin entering exchanges have triggered market panic. Major sellers include dormant wallets resuming activity and early investors taking profits. Technically, bitcoin has broken below the $72,000 support level, with $64,000 becoming a critical support level. A breach of this level could expose the asset to further downside risk.
21m ago
Market Whisper




