$BTC The price of Bitcoin (BTC) is experiencing continuous fluctuations, with its decline sometimes attributed to a range of interrelated factors. Here’s an analysis of the most prominent of these factors:

Profit-taking by "whales" (large investors):

One of the main reasons for the decline is that "whales" (large wallets containing massive amounts of Bitcoin) are selling part of their holdings to realize profits, especially after the price reaches record levels. This injects a large quantity of Bitcoin into the market, increasing supply and leading to a price drop.

For example, recent reports (mid-July 2025) indicated that a "whale" wallet that had been inactive for decades became active and sold a significant portion of Bitcoin when the price reached around $123,000, negatively impacting the market.

Weak buyer confidence and slowing inflows:

As prices rise, the flow of new investments into Bitcoin may slow down, indicating weak buyer confidence in the continuation of the rise. This can lead to greater selling pressure.

Legal and governmental regulations:

Government decisions and regulations regarding digital currencies play a pivotal role in determining the price of Bitcoin.

Restrictions and tightening: Any news about increased scrutiny or the imposition of restrictions on trading digital currencies can lead to fears among investors and prompt them to sell their holdings, which lowers the price.