BTC falls $6K after a $15K surge as investors take profits; market sentiment divided.

After a sharp rise above one hundred and twenty three thousand dollars, Bitcoin’s price dropped by about $6,000 and fell below one hundred and seventeen thousand dollars. The main reason for the decline was profit-taking by investors after BTC surged more than $15,000 in just a few days. Data from CryptoQuant and Glassnode showed massive sell-offs, with over $1.5 billion worth of BTC sold in a single day and a total of around $3.5 billion. Even the country of Bhutan took part in the selling. Indicators tracking long-term and short-term holders suggested a trend reversal, and inflation data from the U.S., which came in slightly above expectations, also put pressure on the price. Market sentiment is now split — some analysts believe BTC could reach $200K, while others think a peak has already been reached. According to the platform Santiment, there has been a sharp rise in social activity around Bitcoin, signaling FOMO and a possible pullback before the next move up.