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Breaking News: Why Did Bitcoin Price Suddenly Drop?
Major institutional players liquidated large positions of Bitcoin in less than an hour:
• Largest Exchange: 12,779 Bitcoin
• Wintermute Trading Desk: 10,855 Bitcoin
• Major Compliance Platform: 9,781 Bitcoin
• BlackRock: 2,921 Bitcoin
• Fidelity: 4,008 Bitcoin
Total: $3.5 billion worth of Bitcoin was liquidated within a one-hour window.
This coordinated dump raises serious questions about market manipulation. When these institutional whales move such large amounts simultaneously, retail traders are under significant pressure. The timing and nature of these synchronized sales either indicate a coordinated decision or a reaction to the same market signal — in any case, it’s worth monitoring closely.