Bitcoin price may drop below $64K as veteran raises ‘campaign selling’ alarm
Bitcoin risks a deeper slide as miners and US spot ETFs cut BTC exposure, adding supply pressure during a fragile downtrend.
Bitcoin (BTC) price dropped by more than 22.5% in the past week to $69,000 on Thursday, wiping out 15 months of gains entirely. However, the downtrend may not be over, according to veteran trader Peter Brandt.
Key takeaways:
Brandt says “campaign selling” is pressuring BTC, with miners and ETFs also cutting exposure.