BTC, which has experienced a 3.30% decline in the last 24 hours and at the time of writing, is among the assets that have lost value today.
While Powell’s comments may have triggered short-term optimism, on-chain data indicating whale sales could have added significant downward pressure. At the same time, the options market showing stronger demand for protective put options may have signaled growing bearish expectations, which could have contributed to the decline.
