It is pointed out that the movement of market makers may have influenced the sharp drop in Bitcoin to around $60,000. Currently, the BTC price is around $73,880, but what lies behind such large price swings?

Among market participants, there is a view that strategic position adjustments by institutional investors and market makers, often called the "invisible hand," are accelerating the sudden price fluctuations. Their large orders and liquidation-triggering activities cause individual traders to cut losses in a chain reaction, ultimately leading to an unexpectedly steep decline.

As the price records a 0.96% decrease over 24 hours, being aware of the existence of these "invisible hands" is becoming increasingly important for market participants. Understanding the institutional movements behind the price fluctuations may enable more calm and rational decision-making.