The drop in Bitcoin can be attributed to a combination of factors, including:

1️⃣ Profit Taking

After reaching recent highs, many investors may be selling to secure profits, causing selling pressure in the market.

2️⃣ Macroeconomic Factors

Global economic uncertainty, interest rates in the U.S., and expectations regarding liquidity policy in the cryptocurrency market.

The Fed (U.S. Central Bank) has not yet signaled interest rate cuts, which keeps the dollar strong and reduces appetite for risk assets like Bitcoin.

3️⃣ Large Movements and Market Manipulation

Reports indicate that whales (large holders of BTC) have moved billions in Bitcoin recently, which can generate price instability.

The hack of US$852,162,519,611.4 billion on Bybit generated panic and increased withdrawals from exchanges.

4️⃣ Market Sentiment and Negative News

News about scandals involving memecoins and Argentine President Javier Milei may have influenced investor confidence.

The cryptocurrency market is still very sensitive to news, and unexpected events can trigger sharp declines.

5️⃣ Technical Levels and Selling Pressure

Support in the range of US$852,162,519,619.000 was broken, leading to an accelerated drop. If the next support at US$852,162,519,618.500 is lost, it may fall further.

Traders operating with leverage may be getting liquidated, intensifying the drop.

🚨What to expect now?

If BTC manages to recover the region of US$852,162,519,619.000 – US$852,162,519,619.300, it may stabilize and resume the uptrend. But if it continues to fall, the next important supports are between US$852,162,519,618.500 and US$852,162,519,618.000.