Bitcoin drops toward $68,000 as demand weakens and whales sell

Bitcoin is declining toward $68,000 as Glassnode data reveals weakening demand and reduced market participation. Whale selling activity combined with negative gamma positioning below $68,000 creates technical conditions that could accelerate a potential drop to $60,000.

• →Bitcoin is experiencing downward pressure toward $68,000 due to weakening demand.
• →Glassnode data indicates soft market participation from retail and institutional investors.
• →Large holders (whales) are actively selling their Bitcoin positions.
• →Negative gamma setup below $68,000 creates technical vulnerability for further price decline.
• →Technical conditions suggest potential for accelerated movement toward $60,000 support level.