📉Reason for the recent Bitcoin drop revealed
Large companyGalaxy Digital transferred a significant amount of Bitcoin to exchanges and started selling.
🔸 In total,30 thousand Bitcoins worth around$3.5 billion have been withdrawn,
🔸 and according to reports, aboutone-third of this amount, namely$1.15 billion has beensold
This selling pressure has caused Bitcoin's price to drop.
But amidst this:
🟢Ethereum remains resilient and has not shown a strong reaction to this drop.
🟠 Altcoins are also resisting and their situation has not become too negative.