Bloomberg: Long-term holders have sold over $45 billion worth of BTC in the past month, causing a major market downturn
ChainCatcher news, according to Bloomberg, bitcoin fell as much as 7.4% on Tuesday, dropping below the $100,000 mark for the first time this year. Over the past month, long-term bitcoin holders have sold about 400,000 bitcoins, equivalent to approximately $45 billions in capital outflows, causing an imbalance in the market.
This round of decline has been mainly driven by continued selling in the spot market, with market attention focused on those long-term holders who have chosen to sell.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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