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Bitcoin Price Drops $4,000 Amid Geopolitical Tensions and ETF Outflows—Risk of Falling Below $54,000?
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Bitcoin price has dropped $4,000, driven by escalating geopolitical tensions and significant ETF outflows. While large investors (whales) hold back due to low profits, the uncertainty could keep Bitcoin below key support levels in the near term.
Bitcoin prices dropped by $4,000 following heightened Middle East tensions on October 1. According to Ki Young Ju of CryptoQuant, large investors, or “whales,” are not yet making enough profits to sell their holdings.
BTC whales not in sufficient profit to dump on market — Ki Young Ju
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