Coin-Turk 4 minutes ago
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The recent drop in Bitcoin 
$95,826 prices has raised concerns among traders and caused significant selling pressure in the overall crypto market. Some market participants predict that this decline may continue, with Bitcoin potentially falling below $80,000.
Causes of the Price Decline
The sudden drop in Bitcoin’s price is attributed to various factors negatively impacting investor sentiment. The increase of BTC entering exchanges recently has led to widespread selling pressure in the crypto asset market. Crypto expert Ali Martinez observed that “33,000 BTC have recently been moved to exchanges.”
This price drop occurred ahead of an options expiry on the Deribit exchange. The $18 billion options expiring tomorrow increased volatility. Deribit stated, “Options expirations can lead to sudden price fluctuations.”
Market experts are highlighting th…
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