🚨 Market Update
Bitcoin’s sharp drop was driven by heavy selling from multiple large entities in a short time:
• Binance: 9,635 BTC
• Coinbase: 6,766 BTC
• Paxos: 6,757 BTC
• Galaxy Digital: 4,050 BTC
• Wintermute: 2,808 BTC
In total, around $3.55B worth of BTC was sold in about 45 minutes, creating strong short-term selling pressure and triggering liquidations.
This looks more like liquidity-driven distribution than organic retail selling. Volatility like this is normal in bull markets.
