Bitcoin (BTC) Sellers Increase with $2.4B Sold Amid Market Pressure
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowBitcoin (BTC) long-term holders, defined as those holding for over 155 days, have started selling, contributing to a $2.4 billion sell-off in the past two days. This trend may indicate a shift as 26% of the bitcoin sold in the last month was by investors who originally purchased at over $90,000. Despite this, bitcoin prices remain below the October record of over $126,000, pressured by market uncertainties. Additionally, bitcoin ETFs face their longest streak of net outflows ever, leading to a decrease in net assets from $107.8 billion on May 14 to $85 billion now.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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