$BTC Today's bitcoin dump is explained by several factors.

Major players ("whales") continue to manipulate the market, driving up the price and then mass selling assets.

Volatility has increased, there are few new investors, and altcoins remain at the bottom, provoking sell-offs.

Mass liquidations of positions on exchanges amplify the decline. Overall market sentiment has worsened: after the rise, investors are taking profits and exiting risky assets. Additional pressure comes from geopolitical and regulatory news. All of this leads to sharp price movements and uncertainty for market participants.