Why did Bitcoin fall to $100,000?
This drop in Bitcoin was likely due to moderate 30-day implied volatility and a decline in open interest for CME futures and options.
The selling of Bitcoin for Ethereum by BlackRock, which caused 11 consecutive days of ETH ETF inflows, could be another reason for the drop in BTC price.
Markets are also considering Circle's IPO and its debut on Nasdaq as one of the reasons liquidity may be leaving Bitcoin and other major coins and heading towards traditional markets.
