Why is Crypto Down Today? Let’s Dive In
TLDR
- Bitcoin dropped to $109,000 after a whale sold 24,000 BTC worth $2.7 billion, triggering $900 million in liquidations
- A $13.8 billion Bitcoin options expiry today is creating market volatility and uncertainty
- Ethereum faces selling pressure from a record $5 billion validator exit queue
- Total crypto market cap fell 1.2% while trading volume dropped over 7%
- Bitcoin is testing critical $112,000 support level that could determine future price direction
Bitcoin fell to its lowest level this month near $109,000 today following a massive sell-off by a large holder. The cryptocurrency market is experiencing widespread declines as multiple factors converge to create selling pressure.
A single whale…
