Bitcoin Dips Below $108K: Reasons Behind the Correction Unveiled

Bitcoin experienced a notable dip below the $108,000 mark in November as selling pressure intensified. This decline, fueled by insider activity and market sentiment shifts, has reignited concerns among traders. One particular trader known for their bearish tendencies has been observed selling substantial amounts of Bitcoin, potentially exceeding $1.4 billion within a short timeframe. 🤔 While political headlines and social sentiment may play a role, the data suggests that Bitcoin is currently in a consolidation phase rather than a full-blown crash.