why Bitcoin Price is low?
Bitcoin’s recent price drop is primarily driven by heavy institutional selling and macroeconomic shifts. Over the past week, U.S. spot Bitcoin ETFs experienced massive liquidations, with over $1.3 billion flowing out of these funds. Much of this selling hit as Bitcoin approached the $83,000 mark—a psychological breakeven point for many institutional investors who decided to exit to avoid further losses. Additionally, global market uncertainty ahead of the Federal Reserve's leadership transition has sparked inflation fears. Coupled with ongoing crypto miner selling pressure, the market has taken a short-term hit, pulling Bitcoin down to consolidate near the $77,000 support level.