Bitcoin (BTC) dropped below $67,000 on April 2, falling approximately 2.8% in 24 hours and extending its year-to-date decline to roughly 23%. The cryptocurrency's recent weakness reflects broader selling pressure that has been building since January.
According to BeInCrypto analysis, the price movement aligns with patterns emerging across on-chain data, chart structure, and derivatives positioning. One specific cohort of Bitcoin buyers has been steadily exiting positions since the beginning of the year, contributing to the sustained downward pressure.