Bitcoin drops 5% below $65,000 as whale selling intensifies and recent buyers book losses

5 days ago7 min read

Bitcoin experienced a sharp decline on Monday, falling 5% to trade back below $65,000, driven by increased selling from large holders and loss-taking among investors who bought during the recent rally. The move triggered over $200 million in liquidations across crypto derivatives, erasing gains from the past week.On-chain data indicates that large wallets are transferring coins to exchanges, a classic signal of impending sell pressure. Meanwhile, addresses that accumulated during the latest upward move are now facing losses as market sentiment shifts.Broader macroeconomic factors, including geopolitical tensions and uncertainty around Federal Reserve policy, are also weighing on risk assets. However, this pullback may serve as a healthy correction that separates short-term speculators from long-term believers.Analysts point to $63,000 as a key support level to watch; if it holds, the current downturn could be a routine shakeout before the next upward phase. Altcoins are experiencing even heavier losses, reinforcing Bitcoin's role as a relative haven during market stress. Volatility, while unsettling, remains a defining characteristic of the asset class.

#Bitcoin

#Price Drop

#Whale Selling

#Liquidations

#Crypto Market

#lead focus

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