Bitcoin News Today: The $100K Showdown for Bitcoin: Will Sellers Be Held Back?
- Bitcoin faces record sell-off as long-term holders offloaded 815,000 BTC, pushing price below $100,000 for first time since June. - Weak demand, deteriorating sentiment, and geopolitical tensions (e.g., $13B BTC theft dispute) amplify bearish pressure amid fragile support levels. - Market hinges on 365-day moving average recovery and demand resilience; prolonged selling risks deeper corrections despite limited panic exits.
Bitcoin is experiencing increasing selling pressure as long-term investors have sold an unprecedented 815,000 BTC in the last month—the highest outflow since January 2024—
The sell-off accelerated
Long-term investors, usually considered a stabilizing influence, have intensified the downward trend.
Market sentiment mirrors this uncertainty.
Geopolitical issues are adding further complexity.
Bitcoin is now at a critical crossroads. The next few weeks will reveal whether it can recover its 365-day moving average and restore demand. If not, a broader downturn could follow, while a recovery might indicate only a temporary pause in a longer bull market. For now, the market’s direction depends on the actions of long-term holders, geopolitical shifts, and the strength of spot 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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