(BTC) currently sits at $65,146.01, down 0.87%, but experts warn that a dramatic 6-7% drop could be imminent within the next few hours.

This sell-off is predicted to exceed $100 billion, which could significantly impact the market.

Bitcoin's market capitalization stands at $1.28 trillion (approximately 107.08 trillion), with a fully diluted market cap of $1.37 trillion (approximately 114.06 trillion).

The cryptocurrency maintains a market dominance of 54.90%, underlining its leading position.

The current circulating supply of Bitcoin is 19.71 million BTC, with a maximum supply capped at 21 million BTC.

These figures highlight Bitcoin's strong market presence, but also its susceptibility to significant price movements driven by major stakeholders.

Bitcoin was first issued on November 1, 2008, and since then, it has seen tremendous growth.

It reached an all-time high of $73,750.0739 on March 14, 2024, showcasing its potential for high returns.

Conversely, it has also experienced extreme lows, such as $0.04864654 on July 15, 2010.

This historical volatility is a reminder of the speculative nature of cryptocurrencies and the inherent risks involved.

The potential for a massive sell-off by whales underscores the need for vigilance in the crypto market.

Given the significant influence of these large holders, their actions can lead to substantial market fluctuations.

The current sentiment in the market reflects cautious optimism, but the possibility of a significant downturn cannot be ignored.

Risk Warning: The data presented is for informational purposes only.

It is provided by CoinMarketCap on an "as is" basis, without representation or warranty of any kind. Investors should proceed with caution.

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