Bitcoin price drops sharply due to leverage liquidations, unlikely to hit $79K by April 30

Bitcoin's price fell significantly in late April, driven by leverage liquidations amid thin order books and structural market weakness. The probability of Bitcoin reaching $79,000 by April 30 is very low at 0.1%, reflecting a bearish market outlook. This decline is linked to internal crypto market dynamics, including large outflows from U.S. spot Bitcoin ETFs, rather than external geopolitical factors. Investors should watch institutional flows and macroeconomic signals for potential shifts in Bitcoin's price trajectory.