Bitcoin BTC/USD is down 2% in the past 24 hours, trading around $51,100 and triggering crypto liquidations on the long side.

What Happened: Technical analyst Ali Martinez cited indicators triggering a sell signal for Bitcoin, tweeting:

In another post, the analyst highlighted that whales sold around 30,000 Bitcoin, valued $1.56 billion, over the past two days.

Whale selling may be an indicator for profit-taking and prompt prices to drop further.

Furthermore, Wednesday’s Federal Open Market Committee (FOMC) meeting minutes will offer insights on Fed officials’ reading of the macroeconomic situation and the timing of potential interest rate changes. This may further contribute to…

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