Bitcoin
Why Bitcoin is down 7.7% today
Analysis
Bitcoin fell 7.7% over the past 24 hours as a broader crypto market sell-off intensified and coincided with ETF-flow-driven pressure, pushing BTC into the mid-$70,000s range (Bitcoin Magazine). The drop was exacerbated by heavy forced selling, with liquidations nearing $1B as price slid toward key levels (CryptoPotato).
Contributing Factors (3)
Bitcoin Price Crashes to $75,000 Range As Broader Crypto Market Sells-Off
Bitcoin Magazine Bitcoin Price Crashes to $75,000 Range As Broader Crypto Market Sells-Off The bitcoin price crashed into the $75,000 range, breaking below key technical support levels as heavy sellin...
Retail traders are running for the exit amid bitcoin's selloff, while 'mega-whales' are quietly buying the dip
Glassnode data shows large bitcoin holders accumulating, while retail remains in distribution.
Bitcoin (BTC) Price Tanks Toward $80K as Liquidations Approach $1B
BTC slipped beneath $81,000 minutes ago.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.