Bitcoin Price Volatility: CPI, Inflation, and Whales' Response

Bitcoin and major altcoins are trading weak ahead of the U.S. CPI release, with Bitcoin falling below $69,000 and experiencing a 2.5% drop. Ether, Solana, Cardano, and Dogecoin also saw losses, while BNB Chain was the only token in the green. Analysts warn of potential volatility following the U.S. consumer price index release, but some believe that the bitcoin correction may be over as selling pressure from long-term wallets cools down and demand for spot bitcoin increases.