$BTC 💥Bitcoin dropped around 2.4% to about $66,900, while Ethereum fell 2.7%, dipping below $2,000. The US dollar weakened alongside Treasury yields, raising market odds of a Federal Reserve rate cut in March to nearly 20%. Institutional investors are reducing exposure, with BTC futures open interest down and funding rates turning negative, signaling cautious sentiment in the derivatives market.
$BTC #btcdropdown