Bitcoin Dives Below $65k as Whale-Driven Selloff Sparks Volatility

Bitcoin slid more than 5% to around $64,500, dipping below $65,000 as a rapid two‑hour selloff hit thin liquidity and pushed the price to six straight weekly closes under the 100‑week moving average; on‑chain data shows whales moving coins to exchanges while some investors sold at a loss. Meanwhile, institutions continued accumulating BTC through regulated ETF exposure (IBIT) and notable buyers like Mubadala and Al Warda expanded holdings, underscoring ongoing volatility and divergent supply/demand dynamics.