The price of Bitcoin [BTC] had dropped to $59,280 on the 24th of June. However, Bitcoin was trading at $61,682.01 at the time of writing. Santiment noted that this dip below the $60,000 mark happened for the first time since the 10th of October 2024. This indicated that selling pressure has increased and that big holders are largely to blame for the drop. Wallets with 10–10,000 bitcoin have sold 45,074 bitcoin in the last eight days.