Why #Bitcoin ($BTC ) Price has Plummeted below $41k, around $40.2k from it's two day Back #AllTimeHigh of 2023 was $44,700, it Mean's almost $4500 crash down.

Before Bitcoin's price slide, a few telltale signs popped up, according to on-chain analysis. Julio Moreno of #CryptoQuant recently noted that the Bitcoin price had started overheating after a big rally above the $40,000 level.  

Then there's #MaraPool , a big fish in the Bitcoin mining pond, that decided to cash in some chips after a recent high. This move suggests they're playing it safe, trying to lock in profits while dodging potential risks. 

Another interesting bit: over half the #BTC out there was making money for its holders, a scenario that's often a prelude to some selling off at the top.