📉 **Bitcoin below $117K — what happened in the day after the new ATH at $122,666?**

There are several reasons, and they are no less interesting than the chart itself:

1️⃣ **An ancient whale woke up.** 16,843 BTC (~$2 billion) was transferred to Galaxy Digital — an OTC platform that allows selling large volumes without pressure on the market price. This is not a 'dump', but a signal for the market: someone is taking profits after a rapid rise.

2️⃣ **Profit-taking.** After the rally from $108K to $123K, many players decided to 'take their own'. And that's normal — the market breathes.

3️⃣ **CPI expectations.** Today at 15:30 — data on inflation in the USA. Forecast: 2.6%. If it's higher — the Fed may keep rates high, which puts pressure on risky assets. If lower — welcome back, bulls.

4️⃣ **Legislative front.** Today is the second day of 'Crypto Week' in the US Congress. There may be news regarding the laws we have already discussed.

💡 **Interesting:** Standard Chartered became the first global bank to launch spot trading of BTC and ETH for institutional clients.

#StandardChartered #ETH #Ethereum #InstitutionalAdoption #BinanceSquare #CryptoUkraine# BTC