Bitcoin saw a drop due to anticipation of more supply hitting the market

From Investing.com: 2024-06-27 14:00:23

Bitcoin saw a drop, but institutions are not aggressively selling, offering a potential silver lining. Traders anticipate more supply hitting the market, leading to sustained selling pressure. Institutions remain cautious, while spot traders are selling off holdings. A reversal is possible with key support levels, but serious inflows are needed.

Read more at Investing.com: Key Reason Behind Bitcoin (BTC) Drop Revealed By U.Today