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Home»Market»The price of bitcoin drops today below $ 105,000 in the middle of continuous sales per crypto whales
Market

The price of bitcoin drops today below $ 105,000 in the middle of continuous sales per crypto whales

June 6, 2025No Comments
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Bitcoin price today: The largest cryptocurrency in the world, Bitcoin, decreased on June 5 to $ 104,968.95, down 0.71% compared to the day before, according to data on CoinmarketCap.

The Bitcoin market capitalization amounted to 2.08 dollars of $ 0.71%, while the negotiation volume decreased by 0.15% to 44.25 billion dollars.

In fact, during the week, the token decreased by 0.70%, showed CoinmarketCap data, while cryptocurrency reserved profits with Bitcoin trading above the level of $ 1.00,000 psychologically important for the longest period to date.

In May and June 2025, Bitcoin maintained above six figures for the longest period in history – 27 days (25 consecutive days, according to Coinwitch data), compared to its 18 -day race in January 2025, according to a Cointelegraph report.

Also read | Gold price today in your city: check Mumbai, Bengaluru, Chennai, Delhi on June 5

Cryptography market update: Ethereum, Solana, Tether

The second largest crypto token, Ethereum Network ether was flat, down 0.03% to $ 2,614.70, with market capitalization at $ 315.65 billion, down 0.03% and in volume to 18.23 billion dollars, up 8.20%.

In addition, the stable attachment to the US dollar connection is also down 0.03% to $ 1 compared to the day before, with a market capitalization of $ 153.77 billion, a drop of 0.27% and a volume to $ 66 billion, down 3.46%.

Solana, favored by Donald Trump, also dropped 1.96% to $ 153.78 in the last 24 hours, with a market capitalization of 1.69% to 80.57 billion dollars and commercial volumes of 26.11% to 2.57 billion dollars.

According to data from the Coindcx research team, the best winners were live, up more than 11.14%, followed by dex with more than 5.29%. While the superior losers were Fartcoin, which plunged more than 13.5%, followed by Dogfithat, and Monero, with more than one drop from 8%to 9%.

Also read | Final Fantasy Tactics returns again with Remastered Edition

Continuous sale: cryptocurrencies in profit method

Meanwhile, large Bitcoin holders, known as “whales”, continue their sequence of profits in the middle of the new pic of the token.

On June 3, analyst Willy Woo wrote on June 3 that the “big whales” with more than 10,000 bitcoin have been sold since 2017, noting that most of these pieces have been bought at “$ 0 and $ 700 and held for 8 to 16 years”.

Cointtelegraph indicated that a graph showing the offer held by whales reflected a constant drop in assets in the past eight years, from 2.77 million in 2017 to 1.6 million in 2025, a drop of around 40%.

According to Edul Patel, co-founder and CEO of Mudrex, to keep a bullish dynamic, Bitcoin must maintain more than $ 1,06,000, if not a short-term decline in $ 1,03,200 remains a possibility before buyers intervene again.

Warning: This story is only for educational purposes. The views and recommendations made above are those of individual analysts or brokerage societies, not mint. We advise investors to check with certified experts before making investment decisions.



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