Bitcoin Price Craters 6.5% To $96,500: What Is Going On?

Bitcoin (CRYPTO: BTC) prices continued their downward trajectory on Thursday, falling 6.5% over the past 24 hours as markets digest the Federal Reserve meeting the day prior.

What Happened: CoinDesk senior analyst James Van Straten highlighted that Wedneday’s sell pressure totaled $2.7 billion (26,000 BTC)—the sixth-highest daily outflow this year.

While retail investors remain largely inactive, larger players are waiting patiently for optimal entry points, suggesting a bullish undertone in the market.

Trader Takes: Roman, a crypto trader, noted the 5% drop is minimal, attributing it to an overleveraged market. He sees the correction as a necessary step for Bitcoin to continue trending …

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