Story Highlights* Satoshi-Era Whale Moves 17,000 BTC: A dormant wallet transferred over $1 billion worth of Bitcoin to Galaxy Digital, sparking fears of a major sell-off.
$400M Liquidated in Hours: A wave of panic selling triggered a massive liquidation event, wiping out long positions across the market.
Crypto Market Drops Over 3.2%: Bitcoin plunged below $117K, while Ethereum, XRP, and Solana also fell sharply amid rising profit-taking and market uncertainty.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Why Is Bitcoin Price Down Today? Whale Dump and Liquidations Rock Crypto Market
Story Highlights* Satoshi-Era Whale Moves 17,000 BTC: A dormant wallet transferred over $1 billion worth of Bitcoin to Galaxy Digital, sparking fears of a major sell-off.