The Real Reason Bitcoin Dropped Like A Stone From Its $126,000 All-Time High

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitcoin (CRYPTO: BTC) is down $40,000 from its peak at the start of October. According to new analysis it wasn’t retail traders or overleveraged longs that did the damage—it was whales who bought around the $126,000 all-time high and panic-sold into $84,000. New Whales Dumped At Massive Losses Large holders who bought near the top were forced to realize massive losses, creating sustained selling pressure ...