Bitcoin Plunges: Coinbase Whale Activity Fuels Price Drop Below $81,000

Bitcoin experienced a sharp downturn in price between April 3rd and 4th, triggered by President Trump’s tariff announcement. This sell-off, observed across various risk assets, saw Bitcoin drop from $88,500 to below $81,000 before rebounding. On-chain analytics indicate this decline was fueled by a combination of large inflows into Coinbase exchanges, aggressive selling actions, and the resurgence of long-dormant Bitcoin wallets.