Bitcoin Plunges Under $51,000, What’s Behind This Drop?
Summary
Bitcoin dropped below $51,000 after briefly reaching $53,000. Ethereum outperformed Bitcoin. BTC whales, holding 1,000 to 10,000 BTC, sold off 30,000 BTC worth over $1.53 billion, potentially contributing to the decline. Some whales still hold above January levels. It's uncertain if other whales will follow suit or hold on.
