‍Bitcoin Price Dips Below $70,000 Amid Intensified Whale Selling

Bitcoin (BTC) experienced a significant downturn, falling below the $70,000 mark and touching multi-month lows of $69,100. This decline is attributed to institutional selling and broader market volatility.

Data indicates a surge in liquidations of crypto long positions, with analysts terming the selling pattern as "campaign selling" by large entities. The decline also coincided with reversals in gold and silver prices, and a notable drop in Coinbase Premium, suggesting reduced demand from US institutional investors. While the outlook remains cautious, some analysts believe the "crypto winter" sentiment may be nearing its end if gold stabilizes.

https://cryptovka.ru/en/news/8846/bitcoin-price-dips-below-70-000-as-whale-selling-intensifies