What caused a significant drop in #bitcoin ‘s (BTC) price that occurred last night, February 24, 2025. Based on the context of current market sentiment and recent events, here’s a natural take on what might have contributed to it.

Last night, Bitcoin likely took a hit due to a mix of macroeconomic jitters and crypto-specific triggers. There’s been growing unease in broader markets—think rising uncertainty around U.S. economic data or global tech stock wobbles, which often drag Bitcoin along for the ride given its correlation with risk assets like the Nasdaq.

On the crypto side, posts from some market chatters point to a potential security scare, possibly tied to a reported hack or large fund movements on exchanges like Bybit, spooking investors into a sell-off. Volatility’s just part of Bitcoin’s DNA, and when fear kicks in—whether from a hack rumor or a broader risk-off vibe—it can snowball fast.

Without pinpointing an exact cause, it’s safe to say it was likely a combo of these factors: market nerves, a possible security event, and the usual cascade of liquidations that amplify any sharp move. If you know what really happens, please feel free to share.

P/s: it’s not financial advice but from my perspectives, after each bounce back to the support zone (91300-92600), $BTC will recover around 7-10000 in price.