You Won’t Believe Why Bitcoin Just Crashed by $6K! Here’s What’s Coming Next…

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Oh, Bitcoin. You had us all on a wild ride. Just last Wednesday, the king of all digital assets decided it was time to make a splash—so it shot up like a rocket, adding over $15,000 to its value in less than a week. Talk about a glow-up!

As it soared, BTC broke records left and right, knocking down walls and setting a shiny new high of over $123,000. It even briefly danced on the global leaderboard, surpassing silver, Alphabet (Google), and Amazon—because why not? It was only fitting that it became the fifth-largest asset in the world. Of course, things settled down (we knew this was coming) and Bitcoin found itself back in sixth place after a little price correction. How quaint.

So, What’s the Deal with This Correction?

Let’s get one thing straight: nothing in the financial world ever goes straight up. That’s like trying to run uphill with roller skates—eventually, you’re going to face-plant. The crypto market is volatile, and corrections are just part of the charm. Bitcoin had been on a “forever up” mode for days, and honestly, some folks were probably starting to wonder when this would all come crashing down. Spoiler alert: it did.

After a 10% price jump in such a short time, it’s no surprise that some investors—those *sneaky* profit-seekers—decided to cash out. And let’s be real, if you’ve been holding your BTC since the “good old days,” a breakout like this is the moment you’ve been waiting for. Why not make a little profit while the going’s good?

In fact, data from major crypto analytics platforms is basically shouting “I told you so.” CryptoQuant reported that big investors made more than $1.5 billion in profits in just one day. That’s right—billion, with a B. Glassnode took it a step further, estimating total profits at a mind-boggling $3.5 billion. Even Bhutan, of all places, decided to sell off some of its Bitcoin stash. Who knew the land of happiness had such a thing for crypto?

Glassnode also noted that the Long-Term Holders (LTH) and Short-Term Holders (STH) ratio had flipped, signaling that the “I’m holding forever” crowd might be getting a bit nervous. A trend reversal? Looks like it’s on the horizon!

Sharp drop in the $BTC LTH/STH Supply Ratio and a flip in 30D % change from accumulation to distribution suggest early signs of profit-taking. After months of steady LTH inflows and rising price, this could mark a turning point. Key metric to watch for trend reversal.

— glassnode (@glassnode) July 15, 2025

Before the correction really hit, CryptoPotato outlined four possible reasons for a retracement. But hey, we didn’t see the US CPI data coming, which, spoiler alert, was a tad higher than expected. It’s typically bad news for risky assets like crypto, but let’s not pretend we didn’t see it coming. 🚨

What’s Next? (Because Who Knows?)

Now, the crypto community is split down the middle. Some folks are dreaming of $200,000 Bitcoin, claiming that the bull run is still roaring. Meanwhile, others are ringing the alarm bells, warning that Bitcoin might have already peaked. Who’s right? Who knows. But, of course, we’ll all be glued to our screens waiting to find out.

And then there’s Santiment, weighing in like the wise, slightly skeptical friend who tells you to “take a chill pill.” They pointed out that Bitcoin’s social media dominance spiked to over 43% of all crypto discussions after its price surge. That’s one heck of a FOMO-fueled frenzy, folks. As expected, they advise, “Wait for the dust to settle, and you’ll find a better entry point.” Yeah, because everyone loves to buy high and sell low, right?

As Bitcoin’s market value crept above $123.1K for the first time in its 17+ year history, there was an equally historic social dominance spike. 43.06% of all crypto discussions were about $BTC just as the coin’s market value was peaking.

Though it’s generally a fantastic sign…

— Santiment (@santimentfeed) July 15, 2025

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2025-07-15 17:51