Bitcoin is currently trading around USD 111,123, with a decrease of -3.17% compared to the previous close. During the day, it reached a high of USD 114,827 and a low of USD 110,943. For much of the day, the price suffered a sharp decline after a massive sell-off of 24,000 BTC by a whale, which reversed the expected gains following a dovish tone from Powell regarding possible rate cuts. The loss of confidence is also reflected in the bearish sentiment in the options markets.