Big changes happened in the world of Bitcoin recently! Bitcoin's price went down, making some investors worried. This happened because a lot of people had bets on Bitcoin going higher, and now those bets might not pay off.
- Bitcoin's price dropped by over 4%.
- Many people lost money because they bet on Bitcoin going up.
- A lot of Bitcoin was moved to places where it can be sold easily, making the price go down further.
| Fact | Number |
|---|---|
| Bitcoin's approximate price drop | 4% |
| Value of Bitcoin options expiring | $5 billion |
| Percentage of options expiring worthless | 78% |
| Money moved to exchanges (potentially to be sold) | $1.3 billion |
Some experts think Bitcoin might try to stay around $98,000 because that's where sellers make the most money. But, many people are scared, so it's hard to say what will happen next.
