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Bitcoin falls below key support level as long-term holders accelerate selling

Bitcoin falls below key support level as long-term holders accelerate selling

AIcoinAIcoin2026/01/31 17:17
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Bitcoin price dropped by 7.3%, falling to $82,700, while the CoinDesk 20 Index saw a 10.3% decline over seven days. According to Santiment data, market panic sentiment has reached an extreme, and negative sentiment may become a historical indicator for a potential price rebound. Long-term Bitcoin holders are selling at the fastest pace since August, and some industry observers believe the market may be approaching a bear market bottom.
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