Why Is Bitcoin Price Down Today? Whale Dump and Liquidations Rock Crypto Market

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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.
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