Bitcoin Weekend Dip Explained: Whale Selling, $620M Liquidations, Fed Caution

A recent dip in Bitcoin’s price saw the cryptocurrency slide nearly 3.7% following a significant sell-off by large holders. This drop triggered liquidations worth over $620 million and sparked questions about whether bulls are losing steam. Many analysts view this as a minor correction rather than a reversal. The sell-off was attributed to several factors including the activity of whales, liquidations, profit taking from recent highs near $124K, and cautious market sentiment ahead of the Federal Reserve’s Jackson Hole meeting.