Bitcoin Drops Below $105K as Miners Intensify Selling Pressure

Bitcoin prices have fallen below $105,000, with a notable shift in sentiment marked by increased selling and diminished bullish momentum. The recent selloff is being fueled by the action of miners who deposited over 51,000 BTC on exchanges like Binance. This activity coincides with an overall weakening of Bitcoin’s bullish indicators, leading to concerns about potential price declines. Analysts warn that if this downward trend continues without a significant reversal, Bitcoin could slide towards $98,000.