Bitcoin News Today: Bitcoin’s Recent Decline Ignites Discussion: Is This a Temporary Correction or the Start of a Larger Downtrend?
- Bitcoin long-term holders offloaded 815,000 BTC in 30 days, pushing price below $100,000 and triggering $683M liquidations. - Analysts link the selling to profit-taking after prolonged rallies, with open interest dropping 27% to $68.37B as demand remains subdued. - Market debates whether this marks a mid-cycle correction (22% average drawdowns historically) or a broader bearish shift. - Despite volatility, 72% of BTC supply remains in profit, and DeFi TVL exceeding $1T signals potential long-term resilie
Bitcoin Long-Term Holders Unload 815K BTC in a Month, Stirring Market Turbulence
On Thursday, Bitcoin slipped below $100,000 for the second time in a week, heightening worries about market steadiness as long-term investors
The recent price drop resulted in
Market experts warn that increased selling by long-term holders heightens liquidity concerns. "
The downturn has sparked debate about whether the market is undergoing a mid-cycle pullback or entering a more prolonged bearish phase. Bitfinex analysts suggest the current environment
The broader cryptocurrency market reflected Bitcoin’s challenges.
The future trajectory depends on a revival in demand. "
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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