Bitcoin experienced a significant price drop, falling to $115,000 – a 5% decrease from its peak of $124,000. While this decline reflects consolidation rather than panic, key figures in the market highlight potential reasons for this move. Institutional investors remain active, supporting the current price, while experts like Vikram Subburaj, CEO of Giottus.com, point to macroeconomic concerns as a driver behind this drop. 59.1% market dominance and a $2.29 trillion market cap suggest Bitcoin’s resilience despite these fluctuations. Notably, some DeFi tokens, such as Chainlink, experienced growth while Ethereum and major altcoins saw declines. This indicates sector-specific resilience amidst broader market volatility. As investors navigate this consolidation phase, large bid clusters indicate strategic positioning rather than a reactionary sell-off. Historical observations suggest Bitcoin typically consolidates after significant price climbs. Despite the recent drop, institutional interest remains strong, and on-chain metrics showcase Bitcoin’s stability, further validating its resilience in challenging macroeconomic conditions.