đ¨ MARKET UPDATE đ¨
Hereâs whatâs behind the latest sharp drop in crypto prices đ
Large-scale Bitcoin sell activity hit the market almost simultaneously across several major platforms:
⢠Binance moved 7,106 BTC
⢠Wintermute offloaded 6,500 BTC
⢠Coinbase recorded 7,437 BTC in selling
⢠Fidelity saw 6,659 BTC exit
⢠Bitstamp added 6,459 BTC to the sell pressure
In total, more than $2.5 billion worth of BTC was sold within minutes, flooding the market with supply and triggering rapid price declines. When liquidity gets overwhelmed this quickly, volatility spikes and stop-loss cascades often follow, amplifying the move downward.
While on-chain data confirms heavy selling, analysts remain divided on intent. Some view the timing as institutional rebalancing or risk-off positioning, while others point to algorithmic and liquidity-driven reactions during fragile market conditions. Regardless of motive, concentrated sell pressure from major players can strongly impact short-term price action.
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