Bitcoin Price Plummets to Lowest Level Since February 6 Amid Whale Selling and Tariff Fears

The Bitcoin price has experienced a significant downturn, dropping to its lowest level since February 6. This decline can be attributed to the increased presence of whale selling, which now accounts for nearly two-thirds of the bitcoin flowing onto exchanges.

Furthermore, the uncertainty surrounding US tariffs and macroeconomic pressures are contributing to the selling momentum. In fact, spot Bitcoin ETFs have seen net outflows of $3.8 billion over five consecutive weeks, a trend that has not been observed since February 2025.

The Crypto Fear and Greed Index has also plummeted to its lowest reading, hitting 5 out of 100. This level has only been reached three times before: in August 2019, June 2022, and earlier this month. Analyst Rachael Lucas from BTC Markets notes that $65,000 is a key support level, warning that a decisive break below it could bring $60,000 into play.