Bitcoin price suddenly drops 11% as whales move BTC to exchanges

Bitcoin (BTC) dropped $1,000 in minutes on Nov. 26 as a long-awaited pullback hit the market at close to $19,500.

BTC price hits $17,250 lows

Data from Cointelegraph Markets and TradingView showed BTC/USD experiencing major volatility overnight on Wednesday.

After nearly hitting $19,500 during the day’s trading, after-hours saw a period of bearish indecision that ended in a sharp sell-off. Bitcoin then bounced at $17,250, capping daily losses of around 5%.