Bitcoin Slides 22% in a Week as Institutional Selling Weighs on Price

[bonk]

Bitcoin fell more than 22.5% over the past week, dropping to around $69,000 and erasing roughly 15 months of gains. Veteran trader Peter Brandt warned that the downtrend may not be finished, pointing to what he described as “campaign selling” by large market participants.

According to Brandt, the steady sequence of lower highs and lower lows suggests deliberate distribution rather than panic-driven retail selling. Onchain data shows miners have shifted into net distribution, while US spot Bitcoin ETFs have also reduced their BTC holdings since the start of the year.

The lack of meaningful rebounds indicates that buyers remain cautious as institutional pressure continues to dominate price action.

[nihalsari]

cautious buyers + institutional pressure = short-term downside probs still high