Bitcoin slides 5%, tumbling below $65,000 as whale selling grows and recent buyers lock in losses
Bitcoin has dropped 5%, falling below the $65,000 mark, primarily due to increased selling by large holders, known as whales. This decline has prompted recent buyers to lock in losses as market sentiment shifts. Analysts suggest that the selling pressure from whales is contributing to the downward trend in Bitcoin's price. The overall market is experiencing volatility, with investors reacting to changes in trading dynamics.
Read the full article: CoinDesk