$BTC Bitcoin's price drop today can be attributed to several factors¹ ²:

- *US tariffs and trade tensions*: Concerns over tariff impacts are affecting investor sentiment, potentially causing Bitcoin to drop toward $74,400.

- *Institutional demand*: Sluggish institutional demand and negative spot Bitcoin ETF flows are contributing to the decline, with a total of $964 million in net outflows between March 28 and April 15.

- *Whale accumulation*: Low whale accumulation and a decline in large investor holdings by approximately 30,000 BTC over the last seven days are also factors.

- *Market sentiment*: Bullish momentum has stalled, and market sentiment has shifted bearish.