Bitcoin's price #BTC has dropped to around $115K today. This happened because many big investors, also called whales, have started selling their Bitcoin to take profits. This is the third big round of selling in the current bull run.
📉 Why Are People Selling?
Some early investors who bought Bitcoin at low prices have now sold large amounts to lock in profits.
One old wallet (inactive since 2013) just sold 80,000 BTC.
In just one day, around 70,000 BTC were sent to exchanges — which often means a big sell-off is coming.
In total, profit of $6 to $8 billion was taken in July by traders.
Market Reaction
The selling caused over $600 million worth of crypto trades to be forcefully closed (liquidated).
Most of these were people who had bet that prices would go up.
One single person lost $13.7 million on a long trade of Ethereum (ETH) on Binance.
Global Tensions Add Pressure
On top of the crypto-specific news, new trade tariffs from the U.S. are creating tension with Asian countries. This is making global financial markets — including crypto — more uncertain.
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📉 Altcoins Also Dropping
Along with Bitcoin, other popular cryptocurrencies are also falling:
Dogecoin (DOGE): Down over 6%
Solana (SOL): Down over 6%
XRP: Also fell sharply
Even Ethereum (ETH), which performed well last month, is slowing down a bit now.
What Happens Next?
According to analysts, after big profit-taking events like this, Bitcoin and the overall market usually go sideways (stay flat) for 2 to 4 months before going up again.
So right now, the market may cool down for a while — but it’s not necessarily the end of the bull run.