Bitcoin
Why Bitcoin is down 4.0% today
Analysis
Bitcoin fell about 4% over the past 24 hours as a broader crypto market sell-off coincided with ETF-flow-driven pressure, with reports noting BTC slid into the $75,000 range amid heavy selling. CoinDesk also highlighted that retail traders were “running for the exit” during the drawdown, even as mega-whales quietly accumulated, which can still coincide with near-term downside when retail-driven liquidation dominates.
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...
Bitcoin Traders See Nearly Even Odds for $69K Drop or $100K Recovery
Bitcoin sentiment on Myriad flipped bearish for first time in two months as traders bet on further downside amid shutdown fears and extreme market volatility.
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.