"The bitcoin price fell more than 5% in the past 24 hours on Sunday evening, dropping below $65,000 as large holders moved coins onto exchanges and recent buyers sold at a loss, adding pressure to an already fragile market. Most of the price drop occurred within just two hours on Sunday evening. This marks Bitcoin's first-ever stretch of six consecutive negative weekly closes, six straight closes below its 100-week moving average, and three consecutive closes beneath its 2021 high."
"The world's largest cryptocurrency was trading near $64,500 at the time of writing, down roughly $3,500 on the day. The decline followed a weekend flush from the $67,000 range, breaking a relatively tight consolidation and accelerating lower into thin liquidity. Trading activity picked up during the drop, signaling active distribution rather than a quiet drift, according to Bitcoin Magazine Pro data. Meanwhile, exchange metrics from CryptoQuant reveal that whales are dominating inflows."
"Meanwhile, exchange metrics from CryptoQuant reveal that whales are dominating inflows. CryptoQuant said large bitcoin holders are now driving most exchange deposits, with the exchange whale ratio rising to 0.64, the highest level since 2015, signaling that whales are leading selling activity. The average bitcoin deposit size has climbed to 1.58 BTC, the highest since June 2022, reinforcing that larger players are moving coins onto exchanges."
Bitcoin fell more than 5% within 24 hours, dipping below $65,000 after a rapid two-hour sell-off that broke consolidation and moved price from the $67,000 range into thin liquidity. The cryptocurrency recorded six consecutive negative weekly closes, six weeks below its 100-week moving average, and three closes beneath its 2021 high. Trading volume rose during the drop, indicating active distribution rather than a quiet decline. Exchange data show large holders driving most deposits, with the exchange whale ratio at 0.64 and average deposit size at 1.58 BTC. Total inflows have declined since early February but remain elevated, exposing the market to further volatility.
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