Bitcoin slides 4% to $65,000 as whale selling grows and recent buyers lock in losses

On-chain data from Glassnode and CryptoQuant shows large holders dominating exchange inflows while short-term investors continue to sell at a loss, pointing to a fragile base-building phase. What to know : Bitcoin has slid to about $65,000, down 4.4% after a weekend drop from the $67,000 range, as on-chain data shows the market remains under pressure. Losses realized by recent bitcoin buyers have eased from roughly $1.24 billion to $0.48 billion per day, signaling that panic selling is cooling but that a bottom-building phase may still be underway. Exchange data shows large holders now dominate selling, altcoin deposits and volatility are rising, and stablecoin inflows have shrunk, all pointing to weaker buying power as bitcoin tests support around $65,000.