Why Is Bitcoin Down Today? Whale Dump and Crypto Liquidations

Bitcoin price today is facing fresh turbulence during a dramatic “crypto week,” as a Satoshi-era whale triggered a major sell-off, sending prices tumbling below $117K. The sudden move spooked the market, erased over $400 million in long positions, and dragged the entire crypto sector down sharply.

Bitcoin Crashes to $116K Amid Whale Activity

Bitcoin price surged toward $123,000 earlier today but swiftly reversed course after an ancient whale wallet moved a massive amount of BTC. The flagship cryptocurrency hit an intraday low of $116,218, marking a…