Bitcoin Dips as Fed Minutes Trigger $1 Trillion Crypto Sell-Off; Whales Realize $82M Profit, $5.3M Losses

Experienced a significant downturn, dropping -4.4% in24hours, primarily driven by macro factors such as the Federal Reserve minutes reducing December rate cut odds. This bearish sentiment was reinforced by substantial whale transfers to exchanges, indicating selling pressure and profit-taking, alongside a notable increase in short positions on. Despite some positive institutional adoption news, the overwhelming market sentiment points to a continued bearish trend, with the crypto market collectively losing$1trillion.