Bitcoin Drops 8% in Two Days to $80,395 on Profit-Taking and Dollar Strength
- —BTC fell from $86,698 to $80,395 in two days, down about 8%
- —On-chain unrealized trader gains hit 33%, the highest since December 2024
- —Realized profits by BTC holders reached 25,700 coins, a yearly high
- —Spot ETF outflows and leveraged liquidations amplified the selloff
Why it matters: Rising US Treasury yields and a stronger dollar are pressuring risk assets; continued ETF outflows could deepen the BTC correction.
Source: Bloomingbit