Bitcoin don drop under $65,000 as volatility rise because macro and on‑chain signals

Bitcoin (BTC) drop sotay under di key $65,000 level, e dey trade around $64,990 on April 10, 2025 after small period wey e stable. Di move come with heavier BTC trading volume, buy orders under $65k don thin, more transfers from long-term wallets go exchanges, plus small profit-taking wey SOPR dip show. Macro pressure — higher US Treasury yields and Fed comments wey dey hint say rates go "higher for longer" — weigh down risk assets and help cause di fall. Crypto market cap drop about 3.2% in 24 hours while exchange reserves remain broadly stable, mean say na spot-driven correction no be big custodial outflows; futures funding rates don normalize, reduce immediate liquidation risk. On-chain and network fundamentals (hash rate, active addresses) still strong. Technical levels to watch: immediate resistance near $68,000, support at $65,000 and $60,000, with 200-day moving average around $58,000. Analysts see 5–10% pullback as normal for bull market volatility and note say e fit be accumulation chance for long-term holders, but traders suppose expect higher short-term volatility and correlated weakness across major altcoins (especially ETH). Recommended trader moves: monitor exchange net flows, funding rates, MVRV and Fear & Greed sentiment; use disciplined risk management (position sizing, stop-losses, DCA and diversification).