#BTCvsMarkets

Faces Sharp Drop – What’s Behind the Fall?

Bitcoin (BTC) has plunged by over 4% in the last 24 hours, currently trading around $79,277 after briefly touching a low of $78,694. This unexpected dip follows a sharp rejection from the $84,720 zone, indicating a strong sell-off by traders after the recent highs.

Several factors may be contributing to this drop:

Profit-Taking: After BTC surged near all-time highs, many investors locked in gains, triggering a cascade of sell orders.

Whale Activity: Large-volume dumps can create panic among retail traders, fueling further decline.