Why did Bitcoin suddenly drop?
$BTC fell toward $83K after heavy selling hit the market. Large holders moved more than $130M worth of seized BTC toward exchange addresses, which raised fears that more Bitcoin could enter the market.
At the same time, rising US Treasury yields and uncertainty around the Fed added pressure. So this drop wasn't caused by one thing selling pressure plus macro fear pushed BTC lower.
Now the important part is whether buyers step back in around these lower levels.
$BTC fell toward $83K after heavy selling hit the market. Large holders moved more than $130M worth of seized BTC toward exchange addresses, which raised fears that more Bitcoin could enter the market.
At the same time, rising US Treasury yields and uncertainty around the Fed added pressure. So this drop wasn't caused by one thing selling pressure plus macro fear pushed BTC lower.
Now the important part is whether buyers step back in around these lower levels.