Bitcoin drops toward $68,000 as demand weakens and whales sell

Glassnode data shows soft participation, while a negative gamma setup below $68,000 leaves BTC exposed to a faster move toward $60,000. What to know : Bitcoin has repeatedly failed to hold above $70,000 and is now sliding toward $68,000, testing the lower end of a trading range that has held since late March. On-chain and trading data show weak underlying demand and ongoing selling by large holders, leaving the market dependent on macro flows and derivatives positioning rather than broad-based accumulation. Derivatives and prediction markets are increasingly pricing in downside risk, with traders paying more for protection and assigning high odds that bitcoin will fall to $65,000 or lower in April.(Coindesk)