Bitcoin's dramatic plunge from $126,000 isn't random—there's a clear story behind the move.

After hitting that all-time high, the world's largest crypto faced mounting headwinds. Profit-taking became inevitable when the asset ran this hard. Major institutional flows shifted direction, and on-chain metrics started flashing yellow lights. Some blamed macro factors—rising rate expectations and renewed dollar strength—while others pointed to liquidation cascades that fed the selling momentum.

But here's what matters: pullbacks from ATH are part of the game. Whether this is a healthy consolidation or something deeper depends on where key support holds. Watch the volume profile and institutional wallet movements closely.