What triggered the recent Bitcoin drop?

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shard_2013Full Member
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#1Feb 23, 2023, 05:04 PM
Bitcoin was chilling at $122,500 just hours ago. Kinda wild, right? But then, news hit that a whale dropped $900M worth of BTC on short trades. Coincidence?
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b34r2013Senior Member
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#2Feb 25, 2023, 01:30 AM
Seriously, that news about trade tensions between the US and China could've played a part. I mean, Bitcoin sank to $118k right when the US markets dipped. Automated trades don’t help either. Wall Street bots just amplifying panic.
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#3Feb 25, 2023, 05:26 AM
Yeah totally. More than one factor here for sure. I mean, whales moving assets can shake things up. Price correction feels normal after such a high, but we might see some resistance at $116. If it slips below that, we’re in for a rough ride.
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it5_lynxMember
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#4Feb 25, 2023, 06:46 AM
I reckon the two events combined made it worse. Without the whale sell-off and Trump's tariff threats, we might’ve seen a different picture. Feels like these drops are timed, like they want to push prices down when BTC is rising rapidly.
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0xHashMember
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#5Feb 25, 2023, 11:23 AM
Bitcoin hit $115,900 and is bouncing back a bit to $116,900. But we can’t really pinpoint what caused today’s drop. Historically, this kind of fall brings rebounds, though they might not reach previous highs anytime soon.
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wallet21Senior Member
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#6Feb 25, 2023, 12:33 PM
C’mon, it’s not really a crash if we’re talking about a drop from $122k. Typical crypto market vibes. Real issues? Might be tied to global economic factors and how the whole market reacts.
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ben2021Newbie
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#7Feb 25, 2023, 01:15 PM
Yeah, some investors are definitely hurting. I mean, those who traded quickly probably got rekt when BTC dropped. I can't help but feel that this drop felt more severe than others. But some hold on and wait it out.
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b3n_farmNewbie
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#8Feb 25, 2023, 05:10 PM
Speculation around the CME gap and the upcoming long weekend doesn’t help. The liquidations were ridiculous, like 5 billion across the market. It's like clockwork, really.
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#9Feb 25, 2023, 07:12 PM
Everyone’s feeling the pain, like a $20k drop per BTC is serious. But hey, price dipped below $113k and now seems to be recovering a bit. I should’ve set some buy orders, I missed out.
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greg2015Legendary
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#10Feb 26, 2023, 12:22 AM
Once again, it’s Trump stirring the pot. But this correction ain’t as big as the one we saw when BTC dropped from $100k to $76k. Just a regular crypto pattern. Most likely we’ll see a bounce back soon.
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d4n_4tlasFull Member
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#11Feb 26, 2023, 02:08 AM
Look, I doubt the tariffs are the only reason. The market's gotta be reacting to multiple forces at play. Whales can really drown the smaller players. How can we call this a healthy correction with such drastic drops?
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whale420Senior Member
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#12Feb 26, 2023, 02:55 AM
Timing of the price drop was perfect with the NY session opening. Feels bearish considering how we touched the upper resistance. News or not, the market had strong selling pressure building up.
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kevin2019Newbie
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#13Feb 26, 2023, 05:00 AM
Re-escalation of the trade war is a biggie. If tensions don’t ease, we might not see recovery anytime soon. This correction feels like one of the more significant ones lately.
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greg2015Legendary
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#14Feb 26, 2023, 06:21 AM
Agreed, but bear in mind, we’ve seen drops like this before. If there isn’t a bounce back soon, we might see even worse dips ahead.
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#15Feb 26, 2023, 09:43 AM
Pure manipulation, I bet. The market reacts to whales selling off. And this tariff talk is the cherry on top, adding to the panic.
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cipher51Full Member
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#16Feb 26, 2023, 01:07 PM
Market dynamics right now are wild, but it’s not all based on Trump’s moves. The uncertainty is real, but we shouldn’t just blame one person.
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SwiftNovaNewbie
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#17Feb 26, 2023, 01:38 PM
Agree. This drop just highlights how volatile crypto is. Tariffs and trade tensions are serious but couldn’t influence the market so drastically before.
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stack42Newbie
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#18Feb 27, 2023, 06:43 PM
I think people get too caught up in speculating. Yes, whales can manipulate the market, but we shouldn't forget the broader economic impacts affecting BTC.
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#19Feb 27, 2023, 10:32 PM
True, but we also need to recognize how much traditional markets influence Bitcoin. Traders react, and suddenly BTC takes a dive. It’s a harsh reality.
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kevin_atlasFull Member
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#20Feb 28, 2023, 04:51 AM
honestly, this was a standard sell-off across markets. Demand shifts, and Bitcoin is just caught in the turbulence.
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