Bitcoin’s price recently experienced a significant drop, dropping by 1.69% in a single day, according to market data. The cryptocurrency is currently navigating a crossroads as investors grapple with the implications of recent trends. CryptoQuant CEO Ki Young Ju highlights the impact of Coinbase whales, prominent institutional players, who are making strategic moves that seem to influence price movements. A record $937.78 million was withdrawn from Bitcoin spot ETFs on February 25th, 2025, a sign of growing uncertainty in the market. This coincides with a surge in Coinbase’s dominance in Bitcoin trading, reaching over 30% market share in recent weeks. Analysts speculate this could be driven by strategic moves rather than pure buying behavior.