#BTCWhalesMoveToETH Quick Overview of Today's Market Movement
The price of Bitcoin has fallen to around 111,992 USD, recording a daily decline of approximately -0.02%. The session witnessed fluctuations between a high of 114,827 USD and a low of 110,710 USD.
News reports confirm a larger decline ranging from -1% to -3%, with some sources indicating levels between 111,300 USD and 111,600 USD, while the CoinMarketCap platform exceeded the price to 112,041 USD (MarketWatch, Barron's, CoinMarketCap, Investing.com, CoinDesk).
What caused this decline?
The market experienced an "immediate crash" or flash crash caused by a massive sell-off by a large investor (whale), where nearly 24,000 BTC were liquidated at once, driving the price down sharply within minutes (Investors.com, MarketWatch).
There were quick profits following Federal Reserve Chairman Jerome Powell's statements regarding the possibility of interest rate cuts, which pushed Bitcoin to rise to around 117,000 USD on Friday, but the massive sell-off quickly reversed this increase (Investors.com, MarketWatch, Barron's).
Summary of Expectations for Today
The overall trend indicates slight increases in positive cases, but prices are likely to remain volatile and constrained within the range of 110,000 to 115,000 USD given the current market.
Upcoming developments — such as liquidity levels, economic announcements, or new indicators from the Federal Reserve — may directly impact price movement today.
