What Happened to Bitcoin?
Bitcoin dropped 2.8% to $114K due to:
1. SEC subpoenas to Kraken and Coinbase
2. Strong USD after hot jobs report
3. Breakdown below $118K triggered $240M liquidations
Is the bull run over? Not yet.
Whales bought 1.2M BTC at $114K
Germany has finished BTC sales
BlackRock IBIT saw $290M inflow
CPI data comes out tomorrow
Watch $114.8K–$115.3K for support
Short-term resistance: $115.5K
